Economy Archives - NairaDay

Economy news

WHO Launches Initiative to Strengthen Global Pathogen Genomic Surveillance

Web AdminNovember 27, 2024November 27, 2024

The World Health Organization (WHO), in partnership with several global organizations, has launched a groundbreaking initiative to enhance global capabilities in pathogen genomic surveillance. The initiative, announced recently, will provide...

Economy

CBN Governor Affirms Naira Stability Amid Economic Challenges

Web AdminNovember 27, 2024November 27, 2024

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has affirmed that the value of the naira has demonstrated significant stability since June 2024, despite ongoing challenges in...

Economy

FBN Holdings Launches N149.56 Billion Rights Issue to Strengthen Capital and Growth

Web AdminNovember 26, 2024November 26, 2024

FBN Holdings Plc (FBNH), one of Nigeria's leading financial institutions, has launched a rights issue offering 5,982,548,799 ordinary shares at N25.00 per share, aiming to raise N149.56 billion. This move...

Economy

Fuel Subsidy Removal Saves Nigeria $7.5 Billion Annually – Presidency

Web AdminNovember 25, 2024November 25, 2024

The Presidency has revealed that Nigeria is saving $7.5 billion annually following the removal of the fuel subsidy, a significant financial benefit aimed at redirecting funds to critical sectors of...

Economy

Food Insecurity in Nigeria: A Growing Crisis as 65.8% of Households Struggle to Afford Nutritious Meals

Web AdminNovember 22, 2024November 22, 2024

A new report from the National Bureau of Statistics (NBS), supported by the World Bank, reveals alarming levels of food insecurity in Nigeria, with 65.8% of households unable to afford...

Economy

Cooking Gas Prices Surge 3.32% in October, Up 51.58% Year-on-Year

Web AdminNovember 20, 2024November 20, 2024

The price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has seen a notable increase, reflecting broader inflationary trends in Nigeria's economy. According to the National Bureau of...

Economy

FIRS Chairman Highlights VAT Allocation Imbalance, Proposes Derivation Principle Reform

Web AdminNovember 19, 2024November 19, 2024

The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has pointed out the significant inequities in Nigeria's current Value Added Tax (VAT) distribution system, revealing that the current...

Economy

U.S. Announces $4 Billion Commitment to World Bank’s IDA for Development Aid

Web AdminNovember 19, 2024November 19, 2024

President Joe Biden has pledged a $4 billion contribution to the International Development Association (IDA), a branch of the World Bank that provides concessional loans and grants to the world's...

Economy

Nigerian Presidency Allocates N5.4 Trillion Savings from Subsidy Removal to Infrastructure and Social Programs

Web AdminNovember 11, 2024November 11, 2024

The Nigerian Presidency has announced that the estimated N5.4 trillion savings from the removal of fuel subsidies in 2024 will be allocated to infrastructure development and social intervention programs, aiming...

Economy

Nigeria’s Fiscal Deficit Swells to 7.6% of GDP, Exceeding Budget Targets

Web AdminNovember 11, 2024November 11, 2024

Nigeria's fiscal deficit has continued to widen, with recent figures showing a budget deficit of 7.6% of GDP as of August 2024, far surpassing the 3.8% target approved by the...

Category: Economy

WHO Launches Initiative to Strengthen Global Pathogen Genomic Surveillance

CBN Governor Affirms Naira Stability Amid Economic Challenges

FBN Holdings Launches N149.56 Billion Rights Issue to Strengthen Capital and Growth

Fuel Subsidy Removal Saves Nigeria $7.5 Billion Annually – Presidency

Food Insecurity in Nigeria: A Growing Crisis as 65.8% of Households Struggle to Afford Nutritious Meals

Cooking Gas Prices Surge 3.32% in October, Up 51.58% Year-on-Year

FIRS Chairman Highlights VAT Allocation Imbalance, Proposes Derivation Principle Reform

U.S. Announces $4 Billion Commitment to World Bank’s IDA for Development Aid

Nigerian Presidency Allocates N5.4 Trillion Savings from Subsidy Removal to Infrastructure and Social Programs

Nigeria’s Fiscal Deficit Swells to 7.6% of GDP, Exceeding Budget Targets

Trump’s $TRUMP Cryptocurrency Surges to $10bn Market Value Amid Growing Popularity

PEBEC to Establish Commercial Courts and State Councils to Enhance Nigeria’s Business Environment

BVN Enrolments Hit 64.8 Million, Marking Continued Growth in Nigeria’s Financial Inclusion

Equity Market Opens Week with N10bn Gain

Subscribers Reject 50% Telecom Tariff Hike, Threaten Legal Action Against NCC

Bankable Wisdom Founder, Precious Azuonwu, Wins Western Union Foundation Venture Development Stipend to Scale Impact Across Africa”

SUNU Group Attributes 2024 Success to Founder’s Legacy

Oyedele Targets Early Enactment of Tax Reforms Bill

Coca-Cola Rewards Consumers with N70m in ‘Beat the Drop’ Campaign

LCCI Criticizes FG for Delayed Implementation of Duty-Free Rice Import Policy

FG Not Involved in Setting Fuel Prices – Minister

Key Developments Shaping Nigeria’s Economy: Inflation Data Delay, Oil Revenue Surge, and Sectoral Insights