We Lost N1bn To #EndSARS Protests - NPA         The Managing Director of the Nigerian Ports Authority, Hadiza Bala-Usman, told the Senate on Monday that the agency lost more than N1bn when some unidentified people vandalised its facilities during the recent #EndSARS protests in October this...

FG Inaugurates Fuel Pricing Committee, New Price Regime Begins         The Federal Government has inaugurated the ‘Bipartite Plus Committee’ on technical framework on the pricing of Premium Motor Spirit popularly known as petrol. This is happening as the new price regime for PMS announced last week by...

In Five Weeks, External Reserves Dip By $269.47m         The country’s foreign reserves fell by $269.47m in five weeks, the latest figures obtained from the Central Bank of Nigeria revealed on Monday. The reserves, which stood at $35.656bn as of November 4, fell to $34.925bn on December...

Nigeria's Inflation Rate Hits 14.89%         The Consumer Price Index (CPI), which measures inflation, increased by 14.89 per cent (year-on-year) in November compared to 14.23 per cent in the preceding month, according to the National Bureau of Statistics (NBS). The NBS attributed the 0.66 percentage increase in...

World Bank Approves $1.5bn for Nigeria to Reduce Poverty, COVID-19 Response The World Bank Group through its New Country Partnership Framework with Nigeria has approved $1.5 billion for social protection and strengthening state-level COVID-19 response Nigeria is at a critical position now with the sharp fall...

2021 Economy Outlook And CBN’s Solutions         The year 2021 is literally here. Suddenly it has become the year for a magic which was initially expected for 2020, but which disappointed due, obviously, to the public health crises of COVID-19 that practically pressured all economies, including...