Category: Economy
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Nigeria targets $200bn from non-oil exports – Emefiele
Governor of the Central Bank of Nigeria Godwin Emefiele, has called for collaboration from all stakeholders in the non-oil export value-chain, as the sector has the potential of generating $200 billion in revenue and stimulating growth of the Nigerian economy if properly harnessed. Emefiele made the call on Thursday June 16, at the on-going maiden…
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Nigeria’s GDP improves by 4.03% in Q3 2021 – NBS
The National Bureau of Statistics (NBS), says Nigeria’s Gross Domestic Product (GDP) increased by 4.03 per cent in the third quarter of 2021. This is according to a report released by the NBS on Nigerian Gross Domestic Product Report (Expenditure and Income Approach) for Q3, Q4 2021 in Abuja on Wednesday.
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Pension fund assets rise to N13.61 trn, as RSA holders reach 9.55m in January – PenCom
The National Pension Commission (PenCom) says pension fund assets rose to N13.61 trillion as at January 31. This is contained in an unaudited report on pension funds industry portfolio for the period ended January 31, published on PenCom’s website.
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Fuel crisis may have adverse effect on inflation, says Statistician-General
Mr Simon Harry, the Statistician-General of the Federation, says the present fuel crises being experienced across the nation may have adverse effect on inflation rate. He said this on Tuesday in Abuja, at a media conference to announce the January 2022 Consumer Price Index (CPI). Harry said that the fuel crisis would create an artificial…
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How FG, States, LGCs shared N699.8 bn FAAC allocation for December 2021
FAAC allocation for December 2021
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DMO’s January bond auction receives N300bn over subscription
The Debt Management Office (DMO) says its just concluded Federal Government of Nigeria (FGN) bond auction for January was oversubscribed. DMO, which made this known in a statement on Thursday, stated that the auction received a total of 160 bids. It revealed some minor adjustments in the bonds offer during the auction. “Our FGN bond…
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Apapa Customs Command generates N870.39bn in 2021
The Nigeria Customs Service (NCS), Apapa Area Command, says the command generated N870.39 billion revenue from January to December 2021. The Area Controller, Comptroller Malanta Ibrahim, said this at a news conference on Thursday in Lagos. Ibrahim added that the command during the period intercepted contraband goods worth N31.23 billion. Ibrahim noted that the revenue…
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Nigeria regains top crude oil production spot in Africa – OPEC
Nigeria has regained the top spot among crude oil-producing countries in Africa with the nation’s crude oil production averaging 1.27 million barrels per day in November. The Organisation of the Petroleum Exporting Countries (OPEC) made this known in its Oil Market Report for December which was obtained by the News Agency of Nigeria (NAN) on…
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Nigeria’s economy grows by 4.03% in Q3, 2021 — NBS
Nigeria’s economy grows by 4.03% in Q3, 2021 — NBS
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NASENI, Plateau State Government Sign MoU to Establish Food Processing Equipment and Machinery Development Institute in Plateau State.
As part of President Muhammadu Buhari’s efforts to diversify the economy thorough use of innovation and engineering resources in the country, the National Agency for Science and Engineering Infrastructure (NASENI) today in Abuja signed a memorandum of Understanding (MoU) with the Plateau State Government for the establishment of Food Processing Equipment & Machinery Development Institute(FOPEMDI)…