The Federation Account Allocation Committee (FAAC) has shared N1.298 trillion among federal, states and local governments from the federal revenue receipts in September 2024. The committee...
Federal Government says it is putting sustainable mechanisms in place to build a $1 trillion economy by 2030 through financial inclusion. Sen. Ibrahim Hadejia, Deputy Chief...
World Bank’s lead economist for Nigeria, Alex Sienaert, has said that the recent increase in Nigeria’s minimum wage will only benefit a limited segment of the...
World Bank has said that Nigeria is beginning to reap the benefits of significant policy reforms following a near fiscal crisis in 2020, but must stay...
The Executive Board of the International Monetary Fund (IMF) said it has completed the Review of Poverty Reduction and Growth Trust (PRGT) Facilities and Financing, the...
Oxfam in Nigeria has said that wealthy Nigerians evade tax while millions go hungry. Oxfam said this at the presentation of two comprehensive studies titled ‘Income...
National Bureau of Statistics NBS, has said that Nigeria’s headline inflation rate nudged higher by 5 5bps y/y to 32.7 per cent in September, halting the...
World Bank Group has said that at today’s feeble pace, it could take more than a century to eliminate poverty as it is defined for nearly...
World Bank Group has said that world’s 26 poorest economies are home to about 40 percent of all people who live on less than $2.15 a...
The federal government plans to reduce corporate income tax from 30% to 25%, while raising income tax of high-income earners to about 25%. Those earning below...
Nigeria’s Foreign Direct Investment (FDI) for the second quarter of 2024 has dropped to $29.83 million, marking the lowest level recorded based on available data up...
Nigerian Economic Summit (NES #30), NESG, has said that for Nigeria and other African countries to successfully diversify their economies, dynamic business environments remain crucial. According...
The world’s poorest countries are having to prioritise debt service over investments, United Nations Development Programme administrator Achim Steiner said on Monday, scuppering progress towards their...
Minister of Solid Minerals Development, Dr. Dele Alake, has stepped into the feud between the Osun State Government and Thor Explorations Limited, owners of the Segilola...
Nigeria has been elected the Chairperson of the Economic Community of West African States ECOWAS Heads of Immigration Forum. At its recent meeting in Banjul, The...