Economy

Economy

Economics and Sociology

NNPC recorded N1.22bn trading deficit in September 2020 –Report

NNPC recorded N1.22bn trading deficit in September 2020 –Report

Africa-Press - Nigeria. The Nigerian National Petroleum Corporation (NNPC) has announced a trading deficit of N1.22 billion for September last year. The corporation announced this...
Average bus fare in Nigeria increased by 79% in one year – NBS

Average bus fare in Nigeria increased by 79% in one year – NBS

Africa-Press - Nigeria. The Nigeria Bureau of Statistics (NBS) said on Tuesday the average bus fare paid by Nigerian commuters within the city increased...
‘Nigerians paid less for kerosene in December 2020,’ says NBS

‘Nigerians paid less for kerosene in December 2020,’ says NBS

Africa-Press - Nigeria. The Nigeria Bureau of Statistics (NBS) said on Tuesday Nigerians paid less for kerosene in December last year. The NBS, which disclosed...
Despite COVID-19, FIRS generates N4.9 trillion tax revenue in 2020

Despite COVID-19, FIRS generates N4.9 trillion tax revenue in 2020

Africa-Press - Nigeria. The Federal Inland Revenue Service (FIRS) collected N4,952,243,711,728.37 in total tax revenue in the year 2020. This landmark achievement represents approximately...
Nigeria’s external reserve rises by $930m to $36.30bn

Nigeria’s external reserve rises by $930m to $36.30bn

Africa-Press - Nigeria. Nigeria’s foreign reserve has increased to $36.30 billion as of January 14, the latest figures by the Central Bank of Nigeria...
PoS terminal transactions rise by 48% to N4.7trn

PoS terminal transactions rise by 48% to N4.7trn

Africa-Press - Nigeria. The value of transactions on point of sales (PoS) terminals across the country totalled N4.7trn in 2020, an amount which is...
Investments in mutual funds for 2020 reach N450bn

Investments in mutual funds for 2020 reach N450bn

Africa-Press - Nigeria. In 2020, Nigerian mutual funds attracted over N450 billion in new contributions, pushing the asset under management (AUM) by 43% to...
BUSINESS ROUNDUP: Nigeria’s inflation jumps to 15.75%; Naira crashes to N470/$1 as turnover drops by 59%; See other stories that made our pick

BUSINESS ROUNDUP: Nigeria’s inflation jumps to 15.75%; Naira crashes to N470/$1 as turnover drops...

Africa-Press - Nigeria. Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from...
Ekiti moves to spend N1.4bn to equip Amotekun Corps in 2021

Ekiti moves to spend N1.4bn to equip Amotekun Corps in 2021

Africa-Press - Nigeria. In a bid to boost investment and ensure the safety of all residents, the Ekiti State government is to spend a...
No ongoing recruitment in EFCC —Commission

No ongoing recruitment in EFCC —Commission

Africa-Press - Nigeria. The Economic and Financial Crimes Commission, (EFCC), has debunked a viral statement that the agency is currently recruiting. The anti-graft commission said...