Report: CBN reforms boost diaspora remittances by $172m in a month
The Central Bank of Nigeria (CBN) has reported a $172m increase in direct remittances in one month. The latest CBN data showed that the remittances totalled $138.56m in January, $39.14m…
National debt up by ₦24.33trn in three months, now ₦121.67trn
Nigeria’s total public debt is now ₦121.67 trillion ($91.46 billion), the Debt Management Office (DMO) said Thursday. The DMO said as of March 31, 2024, the country’s domestic and external…
Foreign portfolio investors rush back to Nigeria, as market share rises to 28-month high
The Central Bank of Nigeria (CBN) monetary policies may have whetted the appetite of Foreign Portfolio Investors, FPIs, as fresh inflows amounting to N120.8 billion came into the market in…
Dangote postpones petrol supply date to July
The Dangote refinery has said its plan to release premium motor spirit into the market this month will no longer be possible. The President of Dangote Group, Aliko Dangote, told…
FG launches mineral resources decision support system
To boost the ease of doing business in the mining sector, the Federal Government has launched the Nigeria Mineral Resources Decision Support System (NMDSS). Launching the system, the Minister of…
Tinubu: My govt set to make Nigeria solar panel, EV battery manufacturing hub of Africa
President Bola Tinubu has commended the inauguration of Nigeria's largest lithium processing plant in Lafia, Nasarawa State, hailing it as a clear indication of the country's attractiveness for foreign investment.…
FG slams Binance over bribery allegation, says claim diversionary
The federal government has denied allegations of bribery levelled against some unnamed officials. In a statement on Wednesday, the Minister of Information and National Orientation Mohammed Idris said the virtual…
Presidency: 2024 budget not anti-north | Tinubu not operating two budgets
The presidency has denied allegations made by a Peoples Democratic Party (PDP) Senator that President Bola Tinubu is operating two budget versions. It also denied that the 2024 budget is…
Nigeria-Qatar sign multi-sectoral agreements | Tinubu set to welcome investment team
President Bola Ahmed Tinubu, and His Highness, Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, on Sunday in Doha, witnessed the signing of historic agreements between…
FG: Economic reforms yielding ‘positive results’, pledges onslaught against saboteurs
When President Bola Ahmed Tinubu was sworn in on May 29, 2023, he made far-reaching statements regarding his economic vision for Nigeria. Two policy statements stood out in this regard.…