Kerosene, Petrol Prices Rose In August – NBS             Two reports from the National Bureau of Statistics have revealed that the prices of kerosene and Premium Motor Spirit, popularly known as petrol, increased year-on-year in August. The National Household Kerosene Price Watch report for August 2021 by...

Senate Postpones Debate On 2022-2024 MTEF/FSP Report             The Senate on Wednesday stepped down the presentation and consideration of the report on the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper. The decision to defer its presentation and consideration to another legislative day was reached during...

Nigeria’s Total Debt Now N35.4trn             Nigeria’s total Public Debt Stock (PDS) has reached N35.465 trillion as of June 30 this year, the Debt Management Office (DMO) has said. The Director-General of the Office, Patience Oniha revealed this on Wednesday in a virtual presentation. The latest...

CBN Projects 3% GDP Growth           The Central Bank Governor, Godwin Emefiele, has said that the country’s Gross Domestic Product can rise to three per cent by the end of 2021. He spoke during the 14th annual Chartered Institute of Bankers of Nigeria’s banking and finance conference...

Nigerians Spend $13bn Annually On E-Commerce — Fed Govt             The federal government had said that e-commerce spending in Nigeria is estimated at $13 billion annually. The Permanent Secretary in the Federal Ministry of Industry, Trade and Investment, Dr Evelyn Ngige, said this in Abuja at the...

President Seeks Senate Approval For Fresh $4.179bn, €710m External Loans             President Muhammadu Buhari has formally sent a letter to the Senate seeking its consideration and approval of $4.179 billion ($4.054 billion and $125 million) as well as £710 million external loans to fund projects captured...