Nigeria’s Gross Domestic Product (GDP) once again entered negative territory in the second quarter of 2021, growing at -0.79% when compared with the first quarter of...
The naira fell further against the dollar at the parallel market on Wednesday after staying steady at 515/$ in recent days. The local currency fell to...
President Muhammadu Buhari on Wednesday in Abuja said Nigeria lost an estimated $50billion worth of investments in 10 years. This, according to him, was a result...
The Federal Government has submitted a proposal to borrow the sum of N5.62 trillion to finance deficits in the 2022 budget, and also slash capital expenditure...
The Minister of Finance, Budget, and National Planning, Zainab Ahmed, has said that the Federal government has spent N502.3 billion to stabilise the economy after being...
The World Bank has stated that Nigeria is among a list of top 10 countries with high debt risk exposure. It stated this in the financial...
Nigeria has been allocated about $3.35 billion as part of a general allocation of Special Drawing Rights (SDRs) of the International Monetary Fund (IMF). This is...
The national power grid has suffered another system collapse -this isnt the first time the collapse is happening within the quarter alone leading to untold hardship...
The naira has significantly dropped to N522 to a dollar at the parallel market on Wednesday afternoon, coming just one day after the Central Bank of...
The Central Bank of Nigeria (CBN) has stopped forex sales to Bureau De Change (BDC) operators in the country. The Central Bank Governor, Godwin Emefiele announced...
Nigeria has been described by the World Bank as the country with the worst revenue to gross domestic product (GDP) ratio in the world. This was...
The Nigeria Accident Investigation Bureau, AIB-N, Saturday confirmed that an Air Peace aircraft with registration number 5N-BQR only had a minor tyre burst incident at Ilorin...