Nigeria’s GDP growth drops to 2.01 percent in Q1 2019
File photo Nigeria’s economy expanded more slowly in the first quarter of 2019 than it did in the fourth quarter of last year, the National Bureau Statistics said on Monday.…
Economy
MTN Nigeria adds N1.84tr to Nigerian equities
MTN Nigeria Communications Plc will lift the market capitalisation of the Nigerian equities market by N1.836 trillion as Nigeria’s largest telecommunications company lists its shares on the premium board of…
N3.8tr budget deficit slows current, capital expenditure – Doyin Salami
File photo The Fiscal Policy Roundtable Co-Chair Doyin Salami has linked government’s inability to meet recurrent and capital expenditures to N3.8 billion budget defict and debt profile of N22.7 trillion.…
Federal Government is offering N100bn in new bond auction
DG, Debt Management Office, Patience Oniha The Federal Government is offering fresh N100bn bonds for subscription through an auction scheduled for next week. The Debt Management Office, in a circular…
NASS passes N8.916tn budget, earmarks N23.7bn for lawmakers’ gratuities, allowances
The National Assembly on Tuesday passed the 2019 Appropriation Bill, raising the size by about N17bn from the N8.83tn proposed by the Executive to N8.916tn, with N23.7bn earmarked for lawmakers’…
Nigeria’s oil exports suffers setback as Aiteo declares force majeure
File photo Nigeria’s crude oil exports have suffered a setback as Aiteo Eastern Exploration and Production Company Limited declared force majeure on Nembe Creek Trunk Line following a fire outbreak.…
Nigeria needs growth to defuse poverty time bomb – Bloomberg
Muhammadu Buhari Only economic growth can defuse poverty time bomb in Nigeria, Bloomberg said in an editorial on Sunday. The New York-based international news agency, which described President Muhammadu Buhari’s…
Nigeria at moderate risk of debt distress – AfDB
The African Development Bank has described Nigeria as an economy with a moderate risk of debt distress. In its African Economic Outlook 2019 and West Africa Economic Outlook 2019 released…
Federal Government recorded N977bn expenditure shortfall in 2017, say FRC
The Federal Government suffered a shortfall of N977.57bn in appropriated expenditure in 2017, the Fiscal Responsibility Commission said. The FRC disclosed this in a report on the performance of key…
Nigeria’s inflation rate drops to 11.31 per cent in February
The National Bureau of Statistics says the Consumer Price Index which measured inflation decreased to 11.31 per cent (year-on-year) in February from 11.37 per cent recorded in January. The NBS…