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Economy

N221.9 Billion Generated By Apapa Customs In 9 Months (DETAILS)

Between January and September this year, the Apapa Area 1 command of Nigeria Customs Service (NCS) generated N221.9billion revenue, an increase of 39.65 per...

Buhari’s Policy Is Shutting Down Businesses – CSO

The Nigerian Civil Society ‎Situation Room has expressed worry over the current policies of the Central Bank of Nigeria (CBN) which it said have...

Nimi Walson-Jack: Central Bank Of Nigeria, The Recession, And All Of Us

by Nimi Walson-Jack We the people and residents of Nigeria must have observed the lack of cash in the economy, increasing unemployment, absence of new...

‘There will be no further devaluation of the Naira’ – CBN Replies Sanusi

The Central Bank of Nigeria (CBN) yesterday dismissed the call for further devaluation by the Emir of Kano, and immediate past Governor of the...

Electricity Rates Would Be Increased By 40% In November – NERC

Nigeria plans to increase electricity rates by as much as 40 percent for some customers next month as a fall in the value of...

Failing Economy: Devalue The Naira Or… – IMF

The IMF is pressing Nigeria to further devalue its currency amid uncertainty over the political and economic outlook for Africa’s biggest oil producer and...

Buhari Reaches Out To Indian, Chinese Refiners

Despite the free fall  in global oil prices, Federal Government has insisted that it would not indulge in the current market share war like...

#FailingEconomy: Inflation Rate Reaches 9.4%

Nigeria’s economy may be heading to stagflation  going by headline inflation, gross domestic products, GDP, and unemployment reports of National Bureau of Statistics, NBS,...

It Gets Worse: Nigeria’s Foreign Debts Hits $11 Billion (DETAILS)

The Director-General, Debt Management Office, Dr. Abraham Nwankwo has disclosed that Nigeria’s external debt profile has risen to $11 billion  as at last week...

CBN Freezes All INEC’s Accounts, Here’s Why

The Central Bank of Nigeria, CBN,  has frozen all bank accounts operated by the Independent National Electoral Commission, INEC, following the commission’s failure to...

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