The revenue fact sheet by the U.S. Energy Information Administration (EIA), revealed that Nigeria’s crude oil revenue fell from the $37 billion recorded in 2015 to $26 billion in 2016. The Federal Government recorded a deficit of $11 billion (N3.3 trillion using the official exchange...

The National Bureau of Statistics (NBS) has announced news Consumer Price Index (CPI) which measures inflation for April, 2017, showing 0.02 percent points lower from the rate recorded in March (17.26) percent. According to the NBS in a document release in Abuja on Tuesday, this...

The Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah has said that the federal government is committed to actualising the Economic Recovery and Growth Plan (ERGP). The minister was speaking at the 2017 management retreat for the ministry and its parastatals held on Friday...

Despite the challenges facing the country, the Nigerian economy attracted investments worth $1bn (about N305bn) in the first two months of this year. The Statistician-General of the Federation and Chief Executive, National Bureau of Statistics, Dr. Yemi Kale, confirmed this to our correspondent in an...

The National Bureau of Statistics released the Internally Generated Revenue figures for 35 states for the 2016 fiscal period with the total IGR rising by 17 per cent. Specifically, the IGR increased by N119.28bn from N682.67bn in 2015 to N801.95bn The bureau in the report, a...

The Federal Government, in a bid to stimulate its youth empowerment programmes, is considering adopting capacity to create jobs as one of the criteria for offering contracts and assistance. The Minister of Budget and National Planning, Senator Udo Udoma, gave the indication  in Abuja at...