Economy
Germany’s Economy Contracts by 0.3% in 2023 Amid Budgetary Crisis
Germany, home to Europe's largest economy, faced economic headwinds in 2023 as it contracted by 0.3% year-on-year, according to the...
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Dangote Refinery Approves Seven Major Marketers for Product Distribution
Seven major oil marketers have received approval for the distribution of refined petroleum products from the prestigious Dangote Petroleum Refinery....
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Afreximbank and UBA Disburse $2.25bn of $3.3bn Oil-for-Cash Loan to NNPC
In a collaborative effort, the African Export-Import Bank (Afreximbank) and the United Bank for Africa (UBA) have successfully disbursed $2.25...
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FAAC Urged FG to Refund N228bn Election Loan from Revenue Account
The Postmortem Sub-Committee of the Federal Account Allocation Committee has recommended that the Federal Government refund the N228bn loan sourced...
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Nigeria’s External Reserves Decline by 10.86% Year-on-Year, Stand at $33 Billion
The Central Bank of Nigeria (CBN) has released data on the country's external reserves, revealing a significant year-on-year decline of...
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Top Story: CBN Dismisses Boards of Union, Titan, Keystone, and Polaris Banks
The Central Bank of Nigeria (CBN) has announced the immediate removal of the entire Board of Directors of Polaris, Titan,...
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LIRS Sets January 31st Deadline for Annual Tax Returns in Lagos State
The Lagos State Internal Revenue Service (LIRS) has declared January 31st as the deadline for businesses and individuals to submit...
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Nigerian Oil-Producing States Witness N108 Billion Drop in Domestic Debt
The nine oil-producing states in Nigeria have experienced a noteworthy reduction in their domestic debt stock from a record high...
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World Bank Projects Nigeria’s Economy to Grow by 3.4% in 2024
In its latest Global Economic Prospect (GEP), the World Bank has forecasted a 3.3% growth for Nigeria's economy in 2023,...
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NNPCL Reports Record Profit of N2.548tn, Uncovers 52 Illegal Refineries
The Nigerian National Petroleum Company Limited (NNPCL) announced on Tuesday that it achieved a record profit of N2.548tn in 2022,...
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