CBN Targets 21.4% Inflation Rate for 2024
CBN Targets 21.4% Inflation Rate for 2024 Amidst strong price instability, the Central Bank of Nigeria (CBN) has set a 21.4% inflation target for the year 2024, saying that the…
CBN Pledges Support for Investment Drive, Special Economic Zones
CBN Pledges Support for Investment Drive, Special Economic Zones The Central Bank of Nigeria (CBN) says it will continue to support the Federal Government to implement an investment promotion strategy…
FG Denies Plan to Relocate Federal Capital to Lagos
FG Denies Plan to Relocate Federal Capital to Lagos The Federal Government (FG) under the administration of President Bola Tinubu is not planning to relocate the Federal Capital from Abuja…
Nigeria Records Steep Increase in Food Prices
Nigeria Records Steep Increase in Food Prices The National Bureau of Statistics (NBS), said prices of beef, rice, beans, onion, tomato, and other food items increased in December 2023. It…
Federal Government Targets 77% Internal Revenue Growth
Federal Government Targets 77% Internal Revenue Growth The Minister of Finance, Mr Wale Edun, says the Federal Government is targeting a 77 per cent increase in Internally Generated Revenue (IGR).…
Economic Roadmap: Nigeria in Stabilisation Phase, Says Cardoso
Economic Roadmap: Nigeria in Stabilisation Phase, Says Cardoso The Central Bank of Nigeria (CBN) says the stage in Nigeria’s economic transformation roadmap shows the country is currently in the stabilisation…
Market Return Hits 36% as All-Share Index Hits All-Time High
Market Return Hits 36% as All-Share Index Hits All-Time High The Nigerian Exchange (NGX) year-to-date return advanced near 36% as the All-Share Index on Wednesday rose by three per cent…
NIMASA, Dangote Refinery Set Up Committee to Address Concerns
NIMASA, Dangote Refinery Set Up Committee to Address Concerns The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Dangote Refinery have set up a special committee to address the…
Houthis Order US, British Nationals to Leave Yemen
Houthis Order US, British Nationals to Leave Yemen Yemen’s Houthi authorities have ordered the United States and British staff of the United Nations and Sanaa-based humanitarian organisations to leave the…
Nigeria Bonds Benchmark Yield Rises to 13.6%
Nigeria Bonds Benchmark Yield Rises to 13.6% Benchmark yield on Federal Government of Nigeria (FGN) bonds increased by 3 basis points to 13.58 per cent as a result of fresh…