The International Monetary Fund has predicted that Nigeria’s economy would grow from 3.0 per cent in 2022 to 3.2 per cent in 2023. The growth according to IMF would be due to measures made to address insecurity in Read More
Tags :Nigerian economy
According to new data from the Nigerian Upstream Petroleum Regulatory Commission, Nigeria surpassed its 1 million BPD quota for November and October, a welcome development from August when the commission announced the country was unable to Read More
According to monthly reports by Nigeria’s Upstream and Downstream Petroleum Regulatory Commission, Nigeria has lost huge amounts of revenue as a result of massive oil theft between January and August this year. Figures contained Read More
The IMF revealed a 3.1 percent growth projection for the nation in 2023, down from 3.4 percent in 2022 and 3.6 percent in 2021. Nigeria’s economic projection is lower than that of the Sub-Saharan African region, which is expected to Read More
Nigeria may soon become a leading exporter of fertilizer with Dangote’s timely completion and launching of the world’s second-largest fertilizer plant. The high production capacity facility in Lagos, the commercial hub, adds to Read More
The Nigerian Aviation sector recently called on foreign and local investors to join the Public-Private Partnerships process for airport management, as the sector opens vast opportunities for return on investments. The sector was recently Read More
The minister of finance in Nigeria has announced the government would now charge offshore companies providing digital services to local customers in Nigeria a six percent tax on turnover as provided in the 2021 Finance Act. Read More
The Nigerian government is planning to replace fuel subsidies in 2022 with cash handouts of up to N5000, an amount that would cost the country up to 2.4 trillion naira in a year. According to Finance Minister, Read More
According to the National Bureau of Statistics, the inflation rate in Nigeria declined for the sixth consecutive month to 16.63 percent in September. Its lowest level since January this year. In its Consumer Price Index, NBS Read More
The Nigerian Customs Service (NCS) in a recent statement shared that the ban on the importation of foreign rice has boosted local production by a large percent, especially in the northern regions of Nigeria. Acting Read More
