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Category: Economy

2022: CBN may increase interest rate – Report

A new report has said likely stronger dollar demand will convince the Central Bank of Nigeria of the need to tighten monetary conditions as with the trend across global...

CBN: FG spent $1.68bn on food imports in nine months

The Federal Government spent $1.68bn on food importation from January to September last year.     The Central Bank of Nigeria disclosed this in a report on...

Nigerians Should Expect Modest Increases In Taxes, Levies – Says Zainab Ahmed

Minister of finance, budget and national planning, Zainab Ahmed has disclosed that there may be modest increases in taxes and tariffs on certain businesses and...

Eniola travels hub unveils Tourism course, urges Information & Culture Ministry to invest on Karshi Waterfall

Tourism: Tourism plays a crucial role in the development and growth of all countries, especially the developing ones, creating a general positive impact on the economic...

Petrol to sell for N340 after Subsidy Removal – NNPC

Going by the words of Nigerian National Petroleum Company Limited (NNPCL) Group Managing Director/ Chief Executive Officer (GMD/CEO) Mele Kyari, petrol will sell for...

Nigeria’s Inflation Falls Further To 15.99% In October

The consumer price index (CPI), which measures the rate of change in prices of goods and services, declined for the seventh consecutive time to 15.99 percent in October...

Fuel scarcity hits Zamfara

The scarcity of fuel in Zamfara State has hit many businesses that depend on petrol usage as they now operate on the lowest ebbs.     An investigation carried...

NNPC clears air on increase in petrol price, shortage of supply

      The Nigerian National Petroleum Corporation (NNPC) has warned the public against buying Premium Motor Spirit, also known as petrol, in a panic....

FG, States, councils share N739.9B as VAT falls, statutory revenue up

The Federation Accounts Allocation Committee (FAAC) has shared to the three tiers of government, N739.965 billion as revenue allocation for September. In August,...

eNaira: PMB predicts Increase in Nigeria’s GDP By $29bn, give reasons

President Muhammadu Buhari has said Nigeria’s new digital currency, eNaira, will increase the country’s Gross Domestic Product by $29 billion over the next 10 years....