CBN decides eligibility for N75bn Youth Investment Fund

The Central Bank of Nigeria (CBN), has stated that it has the final say on businesses and activities that are eligible to benefit from...

OPEC, West African Development Bank (BOAD) boost cooperation

The OPEC Fund for International Development (the OPEC Fund) and the West African Development Bank (BOAD) have signed a Framework Agreement to further strengthen...

FG to offer N30bn bonds in October

The Debt Management Office (DMO) has said that the Federal Government would auction N30bn worth of bonds by subscription on October 21. A circular by...

Buhari wants NNPC, PPPRA scrapped, submits PIB to NASS

President Muhammadu Buhari has proposed the scrapping of the Nigerian National Petroleum Corporation (NNPC) and Petroleum Product Pricing Regulatory Agency (PPPRA) in the new...

Food inflation rises by 108%, despite billions on agriculture

Nigeria’s food inflation has more than doubled since August 2015, exactly 5 years after the Buhari Administration took charge of the Nigerian economy. About N2...

Customs automation to gulp $3.1bn, targets $176bn revenue

The Federal Government has approved $3.1 billion for the automation of the operations of the Nigerian Customs Service (NCS). This is in pursuit of the...

Forex speculators panic as CBN plan major naira boost

Forex speculators are apprehensive that a slew of circulars issued by the Central Bank of Nigeria (CBN) during the week could lead to a...

Post COVID 19: Africa may lose $236.7bn in GDP – AfDB

Gross economic loses await Africa post COVID 19. According to estimates by the African Development Bank, (AfDB), Africa could lose $173.1 billion in GDP...

Nigeria generates N1.29tr from taxes in Q2 2020

The Federal Inland Revenue Service (FIRS), generated a sum of N1.29 trillion tax revenue in Q2 2020, N19.15 billion in excess of a N1.27...

FG’s August bonds oversubscribed by N92.23bn

The Federal Government’s bonds for the month of August worth N150bn, which were auctioned on Wednesday, were oversubscribed by N92.23bn, the Debt Management Office...

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