The Federation Account Allocation Committee (FAAC) has shared ₦1.578 trillion among the Federal Government, states and local governments for the […]
Continue readingCategory Archives: ECONOMY
Nigeria’s Inflation Rate Rises To 24.23% In March 2025
Nigeria’s headline inflation rate surged to 24.23% in March 2025, according to data released by the National Bureau of Statistics […]
Continue readingFitch Upgrades Nigeria’s Credit Rating To Stable, Cites Confidence In Tinubu’s ReformsÂ
Fitch, a global rating agency, has reviewed Nigeria’s long-term foreign-currency issuer default rating (IDR) from negative to stable. IDR is […]
Continue readingBREAKING: Dangote Refinery Slashes Petrol Price
The Dangote refinery has informed marketers and its customers of a downward review of its ex-gantry loading cost to N865 […]
Continue readingWe Must Fix Electricity To Build $1 Trillion Economy – Elumelu
Chairman of Transcorp Group, Mr Tony Elumelu, has said that Nigeria’s ambition to build a $1tn economy cannot be realised […]
Continue readingBREAKING: FG Orders Full Implementation Of Naira-For-Crude DealÂ
The Federal Executive Council has officially directed the full implementation of the suspended Naira-for-Crude agreement with local refiners. The Ministry […]
Continue readingBREAKING: U.S. Slams Nigeria’s Import Bans On 25 Products Amid Rising Global Trade Tensions
The United States Trade Representative (USTR) has faulted Nigeria’s import ban on 25 items, saying the restrictions limit market access […]
Continue readingBREAKING: Nigeria Responds To U.S. Tariff Imposition
The Federal Government of Nigeria has acknowledged the recent imposition of a 14% tariff on Nigerian exports by the United […]
Continue readingNigeria’s Net Reserve Hits $23bn, Highest In Over Three Years — CBN
Nigeria’s Net Foreign Exchange Reserve (NFER) as of the end of 2024 stood at $23.11 billion, the highest level in […]
Continue readingFuel To Sell For ‘As Low As ₦750’ Per Litre Before Year End — NIPSS
The National Institute for Policy and Strategic Studies (NIPSS) says that with Dangote Refinery and others coming on board, Nigerians […]
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