Credit To Private Sector Increases By N6.4trn In 11 Months   With banks increasing interventions in the real sectors, credit to private sector increased to N41.58 trillion in November 2022 from N40.84 trillion in October, the latest Central Bank of Nigeria (CBN) “Money and Credit” statistics...

"Naira Redesign, Flooding Affected Agric Sector In 2022"   The Nigeria Governors’ Forum has described the 2022 farming season as a serious nightmare for most farmers in the country due to the challenges in the agricultural sector. It added that the naira redesign policy of the Central...

Fitch Predicts Slow Economic Growth For Nigeria In 2023   The Nigerian economy will continue to slump in 2023 due to activities leading to the general elections next year, but would likely pick in 2024, with growth rising to 3.3 per cent, a Fitch Solutions Country...

Presidential Panel Reviewing Workers’ Salaries - FG   The Federal Government has said it will soon announce salary increments for civil servants and public officials due to the steady increase in the prices of consumer goods. This was as it said a Presidential Committee on Salaries is...

World Bank to CBN: Review RT-200 FX Policy to Stabilise Economy The World Bank has requested the Central Bank of Nigeria to reconsider its RT-200 Programme. The global bank stated that despite CBN's good intentions, the policy has created an additional foreign exchange window further worsening...

Fed Govt Plans Tax Waiver Suspension For Rural Firms   The Federal Government has proposed suspension of tax relief and rebates being granted to companies established in locations lacking public infrastructure, who are providing electricity, water and other amenities for themselves. In the Finance Bill 2022 under...