Headline inflation rate ascended to 26.72% in September
Kayoed Ogunwale In the financial landscape of September 2023, the headline inflation rate ascended to per cent, surpassing its August 2023 counterpart at per cent. This shift underscores a…
FG, States, LGs shares N1.1trn from federation account
Nigeria flag The Federation Account Allocation Committee (FAAC) has shared a total sum of from the federation account as allocation to the three tiers of government for the month of…
Tinubu ring closing bell at Nasdaq; woos large scale investment at the Nigeria-U.S executive business roundtable
In honour of President Bola Tinubu's determined global push to aggressively attract foreign direct investment into Nigeria, the world's second largest stock exchange, the National Association of Securities Dealers Automatic…
NCC harps on Collaboration to strengthen payment system
L-R: Director, Communication & Public Affairs, Nigeria Deposit Insurance Corporation (NDIC), Bashir A. Nuhu, National Chairman, Finance Correspondents Association of Nigeria ( FICAN), Chima Titus Nwokoji, Head, Digital Banking, United…
Osinbajo at climate summit calls for quick global financial architecture reforms so Africa can access resources
Prof. Yemi Osinbajo Africa requires the reform of global financial architecture as that would position countries in the continent to access Climate Change action funding, resources and ensure long-term…
Nigeria’s Infrastructure Agenda Encompasses Roads, Rail, Aviation, Ports, Energy, Digital, and Social Development – Dr. Lazarus Angbazo
In the heart of New Delhi, Dr. Lazarus Angbazo, the Chief Executive Officer and Managing Director of the Infrastructure Corporation of Nigeria, passionately made the case that Nigeria, with its…
Subsidy Palliative: BudgIT calls for transparency and accountability in funds distribution
BudgIT, a civic-tech organization leading the advocacy for transparency, accountability, and effective service delivery in Nigeria, calls for openness and accountability concerning the distribution of the five billion naira relief…
FG, States Share N966b For July
For the Month of July 2023, the Federation Account Allocation Committee (FAAC), has shared billion revenue to the Federal Government, States and Local Government Councils (LGCs). The amount is higher…
Exchange rate falls to N900/$1 as operators ask ‘where is the dollar’
The exchange rate between the naira and the dollar plummeted to N900/$1 on the black market, based on quotes received by Nairametrics late on Tuesday. This represents a stark depreciation…
Nigeria’s Foreign Reserve Is $3.7 Billion, Not $33.8 Billion – JP Morgan
JP Morgan Global financial service firm JP Morgan has estimated Nigeria’s net foreign reserve to be around $ billion. The figure is far below the $ billion as of August…