Economy

The Central Bank of Nigeria (CBN) has warned would-be beneficiaries of the N600billion power sector intervention fund that the disbursement of the fund will be based on the accountability system of distribution companies (DisCos) which is…

The Central Bank of Nigeria (CBN) on Tuesday released regulation for electronic payments and collections for public and private sectors in the country. The News Agency of Nigeria (NAN) reports that the regulation is a revision of the…

Transactions on the Nigeria bourse on Tuesday closed negative with a decline of N20 billion, extending bearish sentiment for the second day running. The News Agency of Nigeria (NAN) reports that the market capitalisation shed N20 billion…

Analysts have slashed their oil price forecasts to the lowest in more than 16 months, citing softening global demand as an economic slowdown looms and uncertainty prevails on the U.S.-China trade front, a Reuters poll showed on Friday.…

The African Development Bank (AfDB) has advised Nigeria to formulate appropriate and sustainable strategies to promote agro-industrialisation to foster domestic and export competitiveness in the agro-business industry. The statement by…

Economy  and Finance Development expert, Tunde Olatunji, says the African Continental Free Trade Agreement (AfCFTA) recently signed by President Muhammadu Buhari has the potential of boosting the nation’s economy if well utilised.…

Mixed reactions have trailed the proposed plan by the Federal Government to slam a five per cent Value Added Tax (VAT) on goods bought online. Experts told the News Agency of Nigeria (NAN) on Friday in Lagos, that the plan could…

An agriculturist, Mr Yahaya Abdullahi, says Nigeria has the potential for production of milk and other dairy products to meet local and foreign demands. Abdullahi, Kaduna State Coordinator, World Bank assisted project called…

The National Chairman of the All Progressives Congress (APC), Adams Oshiomhole, has called on organised labour to challenge political leaders to ensure that state resources meet the needs of workers and other Nigerians. Oshiomhole made…

The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market after the transactions on Tuesday, July 30. The bank’s Director, Corporate Communications Department, Mr Isaac…