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Business and Economy

FIRS Generates Record N6.4trn Revenue In 2021

The Federal Inland Revenue Service (FIRS) has generated a record N6.4 trillion as revenue in 2021, the highest in its history. This year’s revenue collection...

CBN retains lending rate at 11.5%

The Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per cent. The CBN Governor, Godwin Emefiele, disclosed this during a briefing...

FG Postpones Fuel Subsidy Removal till Further Notice

The Minister of Finance, Budget and Economic Planning, Hajia Zainab Ahmed, said in Abuja on Monday that the Federal Government had postponed the planned...

Dangote refinery to begin production in third quarter of 2022

Aliko Dangote, chairman of Dangote Group and Africa’s richest person, says the refinery will begin processing crude by the third quarter of 2022. According to...

CBN opens N500k grant for graduates, undergraduates

The Central Bank of Nigeria has established grants for graduates and students in order to reduce the level of unemployment among youths in the...

Bitcoin price drops below $40,000 amid Russian Crypto Ban

Bitcoin, the world largest crypto by market cap, dropped more than 9 percent on Friday to $38,147. According to data on CoinMarketCap, this is the...

IMF Proposes $50bn Trust Fund For Nigeria, Other Low, Middle-Income Countries

The International Monetary Fund (IMF) is proposing a $50 billion trust fund for Nigeria and other low and vulnerable middle-income countries. In a blog post...

BUA Petrochemical will add value to A’Ibom Economy

The Akwa Ibom State Government says the BUA petrochemical project to be located in Ibeno local government would add value to the economy of...

Increase in petrol price will push more Nigerians into poverty – Abdulsalami

Abdulsalami Abubakar, former head of state, says an increase in the price of petrol will push more Nigerians into poverty. Abubakar spoke at the 19th...

Naira depreciates as banks shift BTA/PTA rates to N419 per Dollar

The value of the Nigerian naira depreciated by 1.5 percent as banks shifted personal travel allowance (PTA) and business travel allowance (BTA) rates from...

Latest news

Tinubu in UK for consultations, he is not sick — Aide

Tunde Rahman, media aide to Bola Tinubu, a chieftain of the All Progressives Congress (APC), says the former Lagos governor is in the United...

Burkina Faso: ECOWAS To Engage With Coup Leaders On Way Forward

The Economic Community of West African States, ECOWAS, Authority of Heads of State and Government, on Friday resolved to engage with the leaders of...

Governor Lalong Charges Nigerians To Support Godly Aspirants For Public Office

Plateau State Governor Simon Bako Lalong has charged Nigerians to be circumspect and deliberate in their choice of public office holders by supporting candidates...

CBN Makes GSI Unlimited Until Loans Fully Recovered

The Central Bank of Nigeria (CBN) has further spread its dragnet against loan defaulters, as it extends the Global Standing Instruction (GSI) recovery frequency...

2023: APC Stakeholders Awaiting Buhari’s Guidance on Zoning – Gov Abiodun

Ahead of the APC National convention in February and General Elections in 2023, the Governor of Ogun State, Dapo Abiodun is confident that the...