The deficit spending of Nigeria’s Government rose sharply by 144 percent, year-on-year, to ₦650 billion in the first two months of 2020. This is compared…
Data from the Organisation of Petroleum Exporting Countries showed that Nigeria, Africa’s top oil producer, generated $206.06 billion in revenue from crude oil exports in…
The Central Bank of Nigeria has stopped the processing of Form M, a mandatory documentation process aimed to monitor goods brought into Nigeria, for the…
Nigeria’s Gross Domestic Product for the second and third quarters of 2020 is projected to be negative, according to new government figures. Going by that,…
President Muhammadu Buhari will sign the ₦10.8 trillion revised 2020 Appropriation Bill into law today. At a meeting with the leadership of the National Assembly…
An explosion at the NPDC’s Benin River Valve Station killed seven people during the installation of a ladder on a platform, the Nigerian National Petroleum…
Ibrahim Magu, who has acted as the chairman of the Economic and Financial Crimes Commission since 2016 has been suspended from his position. The Presidency…
Nigeria’s secret police have arrested the acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu. Magu was arrested Monday at the EFCC’s head…
Nigeria’s economy losses an estimated ₦10.1 trillion yearly to the unreliable power supply, the World Bank has said. In its recent report, the World Bank…
The latest Purchasing Managers’ Index (PMI) for the manufacturing sector has continued to reflect the sector’s weaknesses as regards production, new orders, and employment levels.…