Business

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 14 per cent. The CBN Governor, Mr Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja. He explained that eight out of […]

The International Monetary Fund on Monday expressed concern over Nigeria’s capacity to repay its debts and stressed the need for the Federal Government to mobilise more revenues domestically. The Washington-based fund, at the public presentation of the Spring 2018 Issue of the Regional Economic Outlook for Sub-Saharan Africa, said the public debt in the region […]

The National Bureau of Statistics on Monday released Nigeria’s Gross Domestic Product growth rate report with the size of the economy shrinking from 2.11 per cent in the fourth quarter of 2017 to 1.95 per cent in the first quarter of this year. The NBS in the report made available to our correspondent said that […]

Nigeria’s Gross Domestic Product grew by 1.95 per cent year-on-year in real terms in the first three months of this year. The National Bureau of Statistics stated this on Monday in its GDP report for the first quarter of 2018. “This shows a stronger growth when compared with the first quarter of 2017 which recorded […]

The Speaker of the House of Representatives, Mr. Yakubu Dogara, on Thursday disclosed how the Federal Government, states and private organisations allegedly diverted N320bn from the Natural Resources Fund over the years. Former President Olusegun Obasanjo had, through an Executive Order, created the fund in 2002 for the purpose of developing the country’s natural resources. […]


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