The Federal Government of Nigeria will spend N2.7 trillion on fuel subsidy payment in 2023. The Minister of Finance, Budget, and National Planning, Zainab Ahmed, who disclosed this during the …
Debt servicing surpassed Nigeria’s generated revenue in the first quarter of this year, the Ministry of Finance revealed on Thursday. In the fiscal performance report released by the ministry, the …
The global credit rating agency Fitch Ratings has affirmed the African Development Bank’s (AfDB) long-term credit rating: AAA with a Stable Outlook. The ‘AAA’ rating is given to institutions with …
Central Bank of Nigeria in its latest data has revealed that the RT $200 FX programme recorded a massive success as non-oil exporters have ramped up the repatriation of export …
Nigeria’s inflation rate is now 20 per cent above the World Bank’s projection of 15.5 per cent. In its recent ‘Nigeria Development Update (June 2022): The Continuing Urgency of Business …
The Nigerian capital market halted its losses following the increase in the market share by 1.70 percent on Friday. Data obtained from the capital market revealed that the growth lifted …
Kenya is set to receive Ksh 7.4 billion ($63M) loan from the African Development Bank (AfDB) to support food security efforts amid rising cost of inputs and prevailing drought. The loan …
The National Bureau of Statistics on Friday revealed that the nation’s headline inflation rate increased to 18.60 per cent in June, up from 17.71 per cent in the previous month. …
The naira fell to N620 per dollar yesterday at the parallel market amid the lingering scarcity of the greenback. The figure represents a depreciation of N5 or 0.8 percent from …
Fuel prices in Kenya are set to remain unchanged for July following a directive by President Uhuru Kenyatta on Thursday. In the directive announced by State House Spokesperson Kanze Dena, …
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