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World Bank Approves $1.5billion Loan To Strengthen Nigeria’s Economy

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The World Bank has finally approved Nigeria’s request for a $1.5 billion loan. This was announced in a statement by World Bank on Tuesday noting...

No Plan To Introduce New Taxes In 2021- FG

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The federal government says it has no plan to introduce new taxes or increase current taxes in 2021. Zainab Ahmed, minister of finance, budget and...

Ikpeazu Delivers Abia 2021 Proposed Budget Of 131 Billion Naira

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Governor Okezie Ikpeazu has just delivered the 2021 Appropriation Bill to the State House of Assembly. The 2021 Appropriation Bill is a total of One...

Nigeria Must End Dependence On Crude Oil – Emefiele

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Godwin Emefiele, governor of the Central Bank of Nigeria, says the country must end its dependence on crude oil for revenue and foreign exchange. Emefiele...

We Can’t Pay Full Salaries To Civil Servants Due To Recession – Govt

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Niger State Government has announced that full salaries will not be paid to workers due to a reduction in its federal allocation. The state government...

Nigeria Will Exit Recession By First Quarter Of 2021 – Finance Minister

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Nigeria’s Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Monday, said the country will exit recession by the first quarter of...

Naira Plunges To 475 As Dollar Demand Rises

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Naira Depreciates 1.4% Amid CBN’s FX Sales Deadline Extension

The naira weakened further on Monday, trading at 475 to the United States dollar in the parallel market amid a rise in demand for...

BREAKING: Inflation Rate Surpasses 14% — Highest Jump In 4 Years

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The National Bureau of Statistics (NBS) says consumer price index, which measures inflation, hit 14.23 per cent in October. The inflation rate jumped by 0.52...

FG May Increase VAT Rate By 2.5% In 2021

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Federal Government on Tuesday disclosed that it has spent N7.09 trillion as at the end of the third quarter of 2020 fiscal year, just...

Reps Summon NNPC Boss, Emefiele, Over Unremitted N3.2tn

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The House of Representatives has summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari; and the Governor of the Central...

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