Economy
CBN Investigator summons Tunde Lemo, 2 others over Union Bank acquisition
CBN Investigator summons Tunde Lemo, 2 others over Union Bank acquisition The Special Investigator probing the Central Bank of Nigeria, Jim Obazee, has summoned…
Economy
Economy
Dangote, Rabiu battle control of Nigeria’s sugar, cement market
Dangote, Rabiu battle control of Nigeria's sugar, cement market Two Nigerian billionaires, Aliko Dangote and Abdul Samad Rabiu are currently in a bitter war…
Economy
No plans to redenominate naira — CBN
No plans to redenominate naira — CBN The Central Bank of Nigeria has said that it has no plan to redenominate or restructure the…
Economy
FEC approves $5bn humanitarian, poverty alleviation trust fund
FEC approves creation of $5bn humanitarian, poverty alleviation trust fund – Minister The Federal Executive Council (FEC) has approved the establishment of Humanitarian and…
Economy
FAAC shares N903.480 billion September revenue
FAAC shares N903.480 billion September revenue The Federation Account Allocation Committee (FAAC) has shared a total sum of N903.480 billion September 2023 Federation Account…
Economy
China guarantees 85% per cent funding for Abuja-Kano, Port-Harcourt-Maiduguri rail projects
China guarantees 85% funding for Abuja-Kano, Port-Harcourt- Maiduguri rail projects The People’s Republic of China has committed 85 per cent of funds to refinance…
Economy
FEC approves sub-committees for industrial revitalisation, free trade zones
FEC approves sub-committees for industrial revitalisation, free trade zones The Federal Executive Council (FEC) has approved the formation of two committees on industrial revitalisation…
Economy
FG proposes N26.01trn budget for 2024
FG proposes N26.01trn budget for 2024 The Federal Executive Council, FEC on Monday proposed the sum of N26.01 trillion for the 2024 fiscal year…
Economy
FG to borrow $1.5bn, $80m from World Bank, AfDB
FG to borrow $1.5bn, $80m from World Bank, AfDB The federal government is to borrow $1.5 billion from the World Bank, and another $80…
Economy
Nigeria’s inflation hits 26.72% as food prices rise
Nigeria’s inflation hits 26.72% as food prices rise Nigeria’s annual inflation rate rose to 26.72 per cent in September from 25.80 per cent in…