Headline inflation in September 2024 increased to 32.7% relative to the August 2024 headline inflation rate which stood at 32.15%, indicating a 0.55% rise over the month. This is contained in a report released by the National Bureau of Statistics
The World Bank this Monday approved three operations for a total of $1.57 billion to support the Government of Nigeria in strengthening human capital through better health for women, children and adolescents and building resilience to the effects of climate
Nigeria and the People’s Republic of China have entered into a new era of economic cooperation and reaffirm their commitment to deepening economic cooperation, strengthening bilateral ties and fostering sustainable development. Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun
The Director General of the Infrastructure Concession Regulatory Commission (ICRC), Dr Jobson Oseodion Ewalefoh, has vowed to streamline processes required to deliver Public Private Partnerships (PPP) projects in order to accelerate infrastructure development and bridge the existing gaps to
The Implementation Committee on Crude Oil Sales in Naira says the commencement of Naira payments for crude oil sales to the Dangote Refinery is October 1, 2024, marking a significant milestone in Nigeria’s economic transformation. This information is contained in
The Development Bank of Nigeria (DBN) has released the eligibility criteria for the commencement of the 2024 edition of its flagship Annual DBN Entrepreneurship Training Programme (DBNETP) for Micro, Small and Medium Enterprises (MSMEs) in Nigeria. DBN in a statement
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has met with relevant stakeholders with a view to ensuring the realization of a policy objective of the Federal Government that seeks to sell crude oil to local
The Nigeria Deposit Insurance Corporation NDIC says it has successfully reimbursed about 82.36% of the total insured deposit of the defunct Heritage Bank to date; the direct payment was done through BVN-linked alternate accounts without the need for depositors to
The Board of Governors of the International Monetary Fund IMF, the highest decision-making body of the fund, has increased the number of Executive Directors to 25. The resolution to increase the number of Executive Directors on the IMF’s Executive Board
The federal government of Nigeria say it has put in place the Accelerated Stabilisation and Advancement Plan, a short term measure by the president’s economic team to address challenges to the economy with focus on production and supporting businesses.
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