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Governor Akinwunmi Ambode Signs the Lagos State 2018 Appropriation Bill

Governor Akinwunmi Ambode of Lagos State, yesterday signed the 2018 Appropriation Bill of the State into law with a total budget size of N1,046,121,181,680. The governor appended his signature to [...]

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FG to Announce New Minimum Wage Sept. — Minister

ABUJA—Minister of Labour and Employment, Dr Chris Ngige, has assured workers across the country that the Federal Government would announce a new minimum wage by September this year. Ngige He gave [...]

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Nigerian Government Approves ICT Academy for 6 Geopolitical Zones

The Federal Government has approved an ICT Academy in schools within the six geopolitical zones of the country to fast-track the innovations of students. The Minister of Education, Malam Adamu [...]

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NBS Latest Report Says Nigeria’s GDP Records 0.82% Growth Rate in 2017

The National Bureau of Statistics has released the full year 2017 Gross Domestic Product growth rate for the country with the economy growing by 0.82 per cent in 2017.  The 0.82 per cent growth [...]

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The Naira started the week with a 51 kobo appreciation to N360.19 per Dollar in the Investors’ and Exporters’ (I&E) window, even as the Central Bank of Nigeria (CBN) injected $210 Million [...]

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STOCK MARKET REPORT FOR FEBRUARY 23RD, 2018

A total turnover of 2.018 billion shares worth N21.740 Billion in 25,496 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.940 billion shares [...]

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External Debt Increase No Cause for Concern – Report

Nigeria’s public debt burden will remain sustainable despite a notable increase in the Federal Government’s stock of foreign obligations following the issuance of two large Eurobonds, latest BMI [...]

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Regular Tax Payment Crucial To Development – Adeosun

Adeosun, according to a statement by her Media Adviser, Mr. Oluyinka Akintunde, said if the economy was to record tremendous growth, the low level of tax compliance by Nigerians must be [...]

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Rise in Crude Oil Prices Boosts FAAC Disbursement to N6.418 Trillion

The Federation Account Allocation Committee (FAAC), disbursed a total sum of N6.418Trillion in 2017, representing an increase of 25.8 per cent, and 6.8 per cent when compared to the N5.1Trillion [...]

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DMO Bond Auction Raises N80bn

The Debt Management Office raised N79.62Bn ($260.20M) at an auction of Government bonds on Wednesday, 21st of February 2018; less than it originally planned, after it got fewer subscriptions for [...]