Nigeria Owes NNPC $4.9 Billion in Fuel Subsidy Debt, Report Reveals
The Federal Government of Nigeria owes the Nigerian National Petroleum Company Limited (NNPC) a significant debt of $4.9 billion (N7.8 ...
Tag: #Nigeria
Diesel Prices Drop by 5.71% in July, Yearly Increase Still Significant
The average retail price of Automotive Gas Oil, commonly known as diesel, experienced a notable decrease of 5.71% in July ...
CBN Governor Praises IFRS Adoption for Boosting Nigeria’s Banking Sector Growth
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has lauded the significant growth in Nigeria’s banking ...
Inflation Rate Declines for the First Time in 19 Months, Now at 33.40% in July
Nigeria's inflation rate saw a notable decrease in July 2024, marking the first decline in 19 months. The headline inflation ...
FG Implements Zero Import Duty on Essential Food Items to Combat Inflation
In a bid to alleviate the rising cost of food items in Nigeria, the Federal Government has directed the Nigeria ...
Nigeria’s External Reserves Dip by 0.68% Amid CBN Projections
Nigeria’s external reserves have experienced a decrease of 0.68%, dropping to $36.620 billion as of August 12, 2024, from $36.872 ...
FG, Governors Agree on Three-Month Delay for Local Government Autonomy
The Federal Government of Nigeria and state governors have reached an agreement to delay the implementation of financial autonomy for ...
Foreign Exchange Inflows Surge by 55% in First Half of 2024, Reaching $25.4 Billion
The Central Bank of Nigeria (CBN) has announced a remarkable 55% increase in net foreign exchange (FX) inflows, which reached ...
Import Duty Waiver on Rice and Other Food Items to Begin Next Week – FG
The Federal Government has announced that the suspension of customs duty and taxes on imported food items will commence next ...
Nigeria to Issue $500 Million USD Bonds, Aims for 200% Subscription
The Federal Government of Nigeria has unveiled its Series I Domestic USD Bond, aiming to raise a minimum of $500 ...
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