adminNigeria’s inflation rate to remain high in 2024 — World Bank
The World Bank, yesterday, said that Nigeria’s inflation rate will remain high at 24.8 percent year-on-year, YoY, in 2024. The World Bank’s projection, however, is lower than February 2024…
Nigeria’s FX reserves fell by $1.2bn in 18 days
Nigeria’s foreign exchange (FX) reserve dropped by $1.02 billion within 18 days. According to data from the Central Bank of Nigeria (CBN), the FX reserve stood at $33.43 billion…
Fuel queues resurface in Lagos
Long queues built up in filling stations across Lagos State on Friday, creating fears of impending fuel scarcity. Our correspondent, who went around the city, gathered that the queues…
Cost of healthy diet stood at N938 in February – NBS
The National Average Cost of a Healthy Diet (CoHD) per adult a day stood at N938 in February 2024, the National Bureau of Statistics (NBS) said in a report.…
Nigerians Owe CBN N261.07bn COVID-19 Loan – Report
Some Nigerians who benefited from the Central Bank of Nigeria (CBN) and NIRSAL Microfinance Bank’s targeted credit facility (TCF) have failed to pay N261.07bn out of N419.42bn given out.…
Nigeria’s public debt stock increases to N97.34trn in Q4 2023 – NBS
Nigeria’s public debt stock increased from N87.91 trillion (114.35 billion dollars ) in the third quarter of 2023 to N97.34 trillion (108.23 billion dollars) in the fourth quarter of…
BREAKING: CBN raises interest rate to 24.75% in bid to curb inflation
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has announced a significant increase in the benchmark interest rate in a move aimed at tackling rising inflation. The…
FEC Approves Construction Of 28 Roads, Bridges Worth N1.267trn
The Federal Executive Council (FEC) has approved the construction of 28 roads and bridges across the country worth over 1.2 trillion Naira. The Minister of Works, Dave Umahi, disclosed…
EXTRA: Tinubu To Nigerians: Patronize Made In Nigeria Goods To Strengthen Naira
President Bola Tinubu has said the Federal government will henceforth patronise made in Nigeria goods as part of its strategy to further strengthen the Naira, urging Nigerians to also…
FAAC disburses N1.15tr to Fed Govt, states, councils
The Federation Account Allocation Committee (FAAC) has disbursed N1.15 trillion to the three tiers of government for last month. Last month’s revenue into the federation account was N2.33 trillion,…
Subsidy removal: FG, states, LGs allocations hit N10.14tn
The removal of subsidy on Premium Motor Spirit, popularly called petrol, pushed up the statutory revenue allocations from the Federation Account that was shared by the three tiers of…
ACF Berates Senate For Suspending Ningi, Calls For More Open Debates On Issues
The Arewa Consultative Forum (ACF) has faulted the Senate for suspending the Senator representing Bauchi Central Senatorial District, Senator Abdul Ningi over his allegation of budget padding, with a…
Nigeria’s Inflation Rises To 31.70% For Feb – NBS
The inflation rate has moved to 31.70 per cent in February, according to the latest data by the National Bureau of Statistics (NBS). The Bureau released the figure on…
Naira appreciates to N1,570/$ at parallel market
The naira, on Wednesday, appreciated by 1.88 percent to N1,570 at the parallel section of the foreign exchange (FX) market. Nigeria’s currency appreciated from N1,600/$ traded on March 11.…
Senate’s credibility now in question —Bauchi gov supports northern senator’s claim on budget padding
Following the suspension of Senator Abdul Ningi, the Senate Minority Leader, Abba Moro, on Wednesday said the upper chamber is having some credibility problems. Ningi had in an interview…
