Friday, August 21, 2026
Economy
Nigeria’s Manufacturing Sector Contracts in August for the fourth consecutive months
The Manufacturing Purchasing Managers Index (PMI) in August stood at 48.5 index points, indicating contracting in the manufacturing sector for...
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CBN bans Form M with third party payment, introduces Product Price Verification Mechanism
The Central Bank of Nigeria (CBN) in its latest effort to protect the Naira and the foreign reserve, has doubled...
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Nigeria GDP shrank by 6.1% in Q2 2020 as both oil and non-oil sectors tumbled
In the second quarter of 2020, ending 30 June, Nigeria’s Gross Domestic Product (GDP) decreased by 6.10% (year-on-year) in real...
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Shocking Details of Nigeria 2020 revised Budget
More details has emerged about the revised 2020 budget which has been signed into law by President Muhammadu Buhari on...
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Purchasing power declines further in Nigeria as Inflation rate rises for 11th consecutive time
Inflation rate has continued to rise in Nigeria. Prices of goods and services are getting more expensive by the day....
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FG of Nigeria set to roll out support schemes for MSMEs nationwide
The Federal Government of Nigeria on Monday disclosed that it is set to roll out the implementation of the “Guaranteed...
Read moreCBN devalues the Official Rate of Naira for the second time in 2020
The Central Bank of Nigeria (CBN) has officially devalued the naira or “adjusted” the official rate of the naira as...
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Amended Companies and Allied Matters Act Bill 2020 assented by President Buhari
President Muhammadu Buhari on Friday 7th August assented to the Companies and Allied Matters Bill (CAMA) 2020 recently passed by...
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N75 billion Youth Investment Fund approved by FG of Nigeria
The federal government of Nigeria on Wednesday approved N75 billion for Nigeria Youth Investment Fund (NYIF) during a virtual meeting...
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FG of Nigeria spent 79.27% of its revenue on personnel costs in five months
The Federal Government (FG) of Nigeria spent 79.27% of its retained revenue on personnel cost in the first five months...
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