IMF, World Bank and the Politics of NAIRA By Comrade Doji Doji There is lack of attention from Nigerians especially our scholars, traditional rulers, media houses, political leaders and civil society organizations on the interferences of international institutions on our monetary policies. World Bank and International...

Electronic Transfer Fees Generate N80.86bn in Q1 - Report Electronic transfer levies have generated N80.86bn for the three tiers of government in the first six months of 2023. This is according to data obtained from the Federation Account Allocation Committee communique for January to June 2023....

IMF Warns FG on Dollar Rise, Weak Economy The International Monetary Fund has said a 10 per cent appreciation in the dollar, linked to global financial market forces, decreased economic output in emerging market economies including Nigeria by 1.9 per cent. It noted that this decline...

Nigeria’s Intra-African Trade Drops by 12% to N842.6bn in Q1   Nigeria’s intra-African trade has continued to underperform expectations despite the commencement of the African Continental Free Trade Area (AfCFTA) as the trade value fell Year-on-Year (YoY) to N842.6 billion in the first quarter of 2023...

Nigeria Spent $3.47bn on Phone, Generator Imports – Report The International Trade Center says Nigeria spent $3.47bn importing phones, generating sets, electrical transformers, and a host of other electrical equipment in 2022. The ITC gets its data from the National Bureau of Statistics and the United...

FG Spent N408.5bn On Debt Servicing In February   The Federal Government spent 85.37 per cent of its revenue servicing debt in February. The Central Bank of Nigeria, in its monthly economic report for February 2023, noted that the Federal Government had a retained revenue of N478.57bn...