LCCI Forecasts Decrease in Interest Rates for 2025   The Lagos Chamber of Commerce and Industry (LCCI) has forecast a decline in interest rates for 2025, citing a slowdown in inflation as a key factor. This positive outlook suggests that borrowing costs may decrease, potentially boosting...

Nigeria's Energy Sector Secures $6.7bn Investment in 2024   Nigeria's energy sector saw a significant boost in 2024, with investments totaling $6.7 billion, according to Olu Verheijen, Special Adviser to the President on Energy. Verheijen revealed this in a report titled ‘Presidency Energy Sector Wrap-Up 2024’ released...

FG Eyes $5bn Revenue from Annual Osogbo Festival   The Federal Government through the National Institute for Cultural Orientation (NICO) has unveiled an ambitious plan to host the Annual World Orisa Congress, with projections indicating a potential revenue generation of over $5 billion. NICO announced on Thursday that the...

'Nigeria's 15% Inflation Target for 2025 'Achievable'   The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has expressed optimism about Nigeria’s inflation trajectory for 2025, asserting that the country could achieve a significant reduction from the average inflation rate of...

Nigeria’s Public Debt Hits N142tn as Servicing Gulps N3.57tn in Q3 2024 – DMO Nigeria’s total public debt rose to N142.3 trillion as of September 30, 2024, representing an increase of 5.97 per cent (N8.02tn) compared to N134.3tn in June 2024. The debt, comprising external and...

NFIU Boss Rallies Stakeholders on Tackling illicit Financial Activities The Nigerian Financial Intelligence Unit (NFIU) has called for collaboration with stakeholders to combat the growing of financial crimes in the country. The Chief Executive Officer, NFIU, Hajiya Hafsat Abubakar Bakari, made this call on Tuesday at...