Buhari signs N21.83tn 2023 Budget
President Muhammadu Buhari on Tuesday signed the 2023 Budget of along with the 2022 Supplementary Appropriation Bill into law. Buhari signed the 2023 transition budget at the Council Chambers of…
CBN increases interest rate to 16.5% to tame inflation
The Central Bank of Nigeria has raised its benchmark lending rate to per cent in a sustained push to control inflation and ease pressure on the naira. Godwin Emefiele, governor…
Nigeria’s Inflation Hits 20.77 Percent, Highest Since 2005
Nigeria’s inflation rate has surged for the eight consecutive month, hitting a fresh 17-year-high amid rising food and energy costs, and the continued depreciation of the naira. According to data…
Afreximbank launches $6bn development programme to support African countries Nigeria, South Africa to account for 17% and 15%, respectively
Senior Manager in the African Export-Import Bank (Afreximbank) told Daily News Egypt that the bank will launch a development financing programme for the benefit of all African countries by providing…
Osinbajo advocates debt for climate swaps, greater participation in global carbon market for African nationsÂ
If and when Nigeria’s idea for a Debt-For-Climate Swap deal, tabled last week in the US at different forums and events including at the White House by Vice President Yemi…
We all need to act fast on economy, ASUU strike, Osinbajo tells visiting APC Governors ​
Vice President Yemi Osinbajo, SAN, received APC Governors today in his office at the Presidential Villa on a felicitation visit as he recovers from the surgery done last month. While…
FG, States, LGCs Share N954.085bn
The Federation Account Allocation Committee (FAAC), has shared billion with the three tiers of government, as federation allocation for July. This is according to a statement signed by Mr Phil…
Osinbajo launches FG’S energy transition plan as Nigeria seeks $10bn initial support package …World Bank, US EXIM Bank pledge $3b implementation support
Africa’s increasing energy gaps require collaboration to take ownership of the continent’s transition pathways and the action should be decisive and urgent, according to Vice President Yemi Osinbajo, SAN. Prof.…
Osinbajo notes progress in infrastructure, inaugurated new council with public-private collaboration …List plans to further reduce deficit, attaining 70% stock
Osinbajo Collaboration between the Federal Government and the private sector will not only ensure effective coordination of the infrastructure development across the nation, and all sectors of the economy,…
Prices of beans, groundnut oil, tomatoes, others rose in July – NBS
The National Bureau of Statistics has said that the prices of selected food items including beans, tomatoes, groundnut, beef, and palm oil, among other consumer goods recorded sharp increases in…