Insecurity Fuels 22% Food Inflation, Surveillance Gulps N476bn
The Federal Government may have spent N475.8bn on surveillance to curtail the high level of insecurity threatening both the economy and lives of Nigerian citizens.
Analysis of the Federal Government budgets between 2017 and 2021 showed that the...
Nigeria, Others Lose $2bn Annually To Illegal Sea Activities
The United States (U.S) Consul-General, Claire Pierangelo, has said West Africa loses about 800,000 tons of fish a year, worth almost $2 billion in gross revenue, to illegal activities by both foreign and domestic vessels.
Pierangelo stated...
Debt Servicing Consuming Nigeria’s Revenues - LCCI
The Lagos Chamber of Commerce and Industry has advised the Federal and State Governments to liberalise the infrastructure sector by breaking government monopoly and securitize corporate assets via public offerings to attract investment.
According to an official statement released...
FMDQ Attracted N411bn Worth Of Securities In 2020
Amid the harsh operating environment, FMDQ Securities Exchange’s activation of market penetration strategy for securities-related services attracted a total of 21 securities valued at about ₦411 billion in 2020.
At the exchange virtual 9th yearly general meeting held...
Anticipated $3.4bn SDRs From IMF, $6.2bn Eurobond Issuance Lift Naira At BDC, Parallel Markets
Despite the suspension of supply of foreign exchange sales to Bureau De Change (BDCs) by the Central Bank of Nigeria (CBN, the naira strengthened against the dollar at the BDC and...
Customs Impound N22bn Animal Parts, N338.58m Goods
The Nigeria Customs Service (NCS), on Wednesday, said it intercepted N22.2 billion worth of elephant and pangolin scales and claws in an apartment in Lekki area of Lagos.
The Nigeria Customs Service (NCS), on Wednesday, said it intercepted N22.2...
