Economy

The Central Bank of Nigeria (CBN) has said that transactions will be cheaper to conduct with Nigeria’s digital currency, e-naira.

The Minister of Works and Housing, Babatunde Fashola has explained that the $36 million border bridge project linking Nigeria with the Republic of Cameroon will smoothen the free trade relationship under the African Continental Free Trade Agreement (ACFTA) signed by both countries.

Nigeria’s revenue-to-Gross Domestic Product ratio, which fell to between five and six per cent last year, is the lowest in the world, the World Bank said on Monday.

A wave of rejection and outrage Thursday greeted the National Assembly’s endorsement of three per cent contributions to the host communities’ development trust fund in the Petroleum Industry Bill (PIB).

Nigeria’s consumer price index (CPI), a measurement of the rate of change in prices of goods and services, has declined to 17.75% in June from 17.93 recorded in May 2021.


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