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Business and Economy

CBN Grants Airtel Approval-in-Principle to Operate Super Agent

The Central Bank of Nigeria (CBN) yesterday granted Airtel Nigeria the approval in principle to operate super-agent network in Nigeria.Airtel Africa, the parent company...

Nigeria’s Inflation Drops Further To 15.99% In October

The Consumer Price Index (CPI) which measures inflation increased by 15.99 per cent (year-on-year) in October 2021, the National Bureau of Statistics (NBS) has...

Kano-Maradi Line: What’s Shaping Nigeria’s Infrastructural Choice, Politics or Economics?

BY DATAPHYTENigeria plans to spend $1.959 billion on the Kano-Maradi Standard Gauge Railway lines; The project has the potential of opening a vibrant export...

Nigeria Moving Quickly Away from Oil Dependence – Osinbajo

Vice President Yemi Osinbajo has declared that Nigeria is moving quickly away from oil dependence and the Federal Government will continue to support Nigerian...

Naira Sustains Gains on Parallel Market, Now N535/$

Following improved dollar supply by the Central Bank of Nigeria (CBN) for legitimate transactions, the naira has appreciated to N535 to a dollar as...

UBA’s $300 Million Eurobond Oversubscribed

Amid global and domestic challenges, the United Bank for Africa Plc’s (UBA) $300 million Eurobond attracted 1.7 times oversubscription from investors across the globe.The...

Subsidy Draining Nigeria’s Economy – Finance Minister

Minister of finance, budget and national planning, Mrs Zainab Ahmed, has said petroleum under-recovery popularly known as fuel subsidy is a major drain on...

FG Unveils N348.7trn National Development Plan

Vice President Yemi Osinbajo is to lead the federal government’s National Economic Development Plan (NDP) of N348.7 trillion.The ambitious project, which some experts tagged...

World Bank Hails Nigeria on Debt Reportage

The World Bank in its latest report has commended Nigeria’s debt reporting, stating that 40 per cent of low-income developing countries (LIDCs) were yet...

IGR: Lagos Leads As FCT Beats Rivers, Kano, 33 Others

The 36 states and the Federal Capital Territory generated N849.123bn as Internally Generated Revenue (IGR) in 2021 compared to N612.87bn in 2020.A report by...

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