Economy

The National Bureau of Statistics, NBS, said that headline inflation rate softened year-on-year (YoY) by 13 basis points to 21.34 percent in December from 21.47 percent in November 2022. In its Consumer Price Index (CPI), report for…

Equity market rebounds with N154bn gain The nation’s bourse rebounded on Wednesday with market capitalisation gaining N154 billion or 0.55 per cent to close at N28.175 trillion as against N28.021 trillion recorded on Tuesday. Also,…

The naira on Wednesday exchanged at 461.90 to the dollar at the Investors and Exporters window. The figure represented a decrease of 0.09 per cent, compared with the 461.50 it exchanged on Tuesday. The open indicative rate closed at…

Nigeria to stop importation of petroleum products by 2024 The Federal Government on Monday projected that by the first Quarter of 2024, Nigeria will put an end to the importation of petroleum products into the country. The Minister of…

The Federal Government yesterday served a notice to the three tiers of government that all payments from the public treasury beyond the threshold approved for daily cash limit by the Central Bank of Nigeria must be done electronically with…

President Muhammadu Buhari, in the course of the week, said the Ajaokuta Steel Complex would provide 500,000 estimated jobs for Nigerian youths. The president revealed this during his one-day state visit to Kogi on Thursday. He also…

Inter-state transport Fares have remained almost the same in the Enugu metropolis two days before the Christmas celebration, reports the News Agency of Nigeria (NAN). A NAN investigation shows that most transport companies are not…

The Federal Government has claimed that 10 million children are fed daily under its Social Investment Programme (SIP), while 1,632,480 households benefited from the Conditional Cash Transfer (CCT) scheme. CCT facilitates the transfer of…

The Central Bank of Nigeria, CBN, has raised its weekly cash withdrawal limits set for individuals and corporate organisations to N500,000 and N5 million, respectively. The earlier limits pegged individual cash withdrawals per week at…

British inflation slowed in November from October’s 41-year peak, data showed Wednesday, but remains elevated as a cost-of-living crisis sparks strikes across the economy. The Consumer Prices Index eased to 10.7 percent last month, the…