Nigeria’s inflation rate increases to 21.09% in October 2022 — NBS
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased to 21.09 per cent on a year-on-year basis in October 2022. This is
Category : Finance
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Oil revenue falls from 46.9% to 7.4% in 5 years – Expert
An economic expert, Dr Afolabi Olowookere, has said that oil revenue, in terms of contribution to federation account, fell from 46.9 per cent in 2017
Reps panel summons Total, others over $85bn tax
The House of Representatives ad hoc Committee on structure and accountability of Joint Venture (JV) Business and Production Sharing Contracts (PSCS) of Nigerian National Petroleum
Fuel subsidy to go by June 2023, says finance minister
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, says the Federal Government will do away with petroleum subsidy by June 2023. Ahmed
Nigeria can’t survive with endless borrowing – DMO
The Debt Management Office has disclosed that it has been difficult for Nigeria to borrow from the international markets as global lenders and investors are
Debt services likely higher by December — DMO DG
The Director-General, Debt Management Office (DMO), Ms. Patience Oniha, Monday, said that there is the likelihood of debt services becoming higher by the end of
Stock market down 0.32% on sell-off in MTN, 12 others
The stock market of the Nigerian Exchange Limited (NGX) opened the week on a negative note, as sell offs in MTN Nigeria Communications (MTNN) and
Workers groan as rising inflation hits income
Nigerian workers are hard hit by the inflationary pressure on the economy. Henry Falaiye, in this piece, writes that government workers are struggling to afford
Budget defence: Reps C’ttee grills DMO over N3.3trn domestic debt
The House of Representatives Committee on Aids, Loans and Debt Management on Monday grilled the Director-General, Debt Management Office (DMO), Ms Patience Oniha, over rise
Manufacturing outlook dips as forex crises worsen
The nation’s manufacturing sector is on a slippery slope no thanks to the lingering forex crisis currently having rippled negative effects on key economic fundamentals,
