Category: blog

AfDB set to disburse $618 million to Nigeria

Nigeria will receive $618 million from the African Development Bank (AfDB) as part of the Investment in Digital and Creative Enterprise (i-DICE) program. In an interview with the News Agency…

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FG Will Shock Speculators Hoping Dollar Value Will Increase Against Naira – VP Shettima

The vice president asserts that Tinubu has far more forward-thinking ideas than currency speculators.   Vice President, Kashim Shettima has assured that the new monetary policies rolled out by his…

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Manufacturers Owe Banks N6.98 Trillion, Says CBN Report

From N5.56 trillion in January 2023 to N6.98 trillion in June 2023, the manufacturing sector's debt to Nigerian banks increased. The Sectoral Analysis of Deposit Money Banks' Credit from the…

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President Tinubu is sued for failing to launch an investigation into the $15 billion and N200 billion in missing oil revenues.

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Tinubu for allegedly failing to look into claims that over $15 billion in oil income and…

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NNPC will supply six million barrels of crude oil to the Dangote Refinery.

In a major move, the Nigerian National Petroleum Company Limited (NNPC) will start supplying six million barrels of crude oil to Dangote Refinery and Petrochemicals Limited in December of this…

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Coffee Industry Eyes $2 Billion Revenue

The coffee industry in Nigeria is expected to generate $2 billion in revenue over the next two to three years, according to industry stakeholders. According to information gleaned from the…

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World Bank To Loan FG $3.45 Billion

The request for a $3.45 billion loan from the World Bank to pay for five items was approved by the Federal Executive Council on Monday. They consist of initiatives for…

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Tinubu Promises to Improve Foreign Exchange Liquidity

President Bola Tinubu, speaking at the 29th Nigerian Economic Summit, made several commitments to the business community and outlined his administration’s goals.   He pledged to improve foreign exchange liquidity…

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Raw material export era is finished, according to Alake

Dr. Oladele Alake, Minister for Solid Minerals Development, reaffirmed the general policy of value addition by any enterprise with the necessary license and permissions to mine minerals, and he issued…

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Naira Depreciates to N1040 Per Dollar on the Exchange Market

The parallel market exchange rate for the naira is now N1040. The depreciation, according to Forex dealers who spoke with Nairametrics, is the result of heightened scarcity, with the influx…

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