Business

A recent survey by the Central Bank of Nigeria (CBN) has revealed that Nigerian consumers are preparing to allocate a significant portion of their income to essential needs over the next six months. The July 2024 Household Expectations Survey highlights that many Nigerians plan to prioritise spending on food, education, …

The Central Bank of Nigeria (CBN) has dismissed all executive directors at the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL). This move, approved by CBN Governor Olayemi Cardoso on Friday, is part of a series of personnel changes since he took office last year. The terminated executives include …

The Federal Government has established a committee to tackle issues preventing the Oil Producers Trade Section (OPTS) and the Independent Petroleum Producers Group (IPPG) from supplying crude oil to local refineries, including Dangote’s. Following a recent meeting in Abuja, Senator Heineken Lokpobri, Minister of State for Petroleum Resources, announced that …

Nigeria’s Gross Domestic Product (GDP) expanded by 3.19% in the second quarter of 2024, as reported by the National Bureau of Statistics (NBS). This growth marks an improvement compared to the 2.51% growth recorded in the same period last year and the 2.98% in the first quarter of 2024. The …