Policy

Nigeria targets inflation rate of 12.4% for 2018
Policy

Nigeria targets inflation rate of 12.4% for 2018

Africa’s largest economy, Nigeria, said it is targeting about 12.4% inflation rate for the year 2018. The latest projection was stated in the budget presentation for 2018 as presented to the joint committee of the National Assembly by President Muhammadu Buhari. The government also targets to earn about NGN4.1 trillion […]

Nigeria, ECOWAS, World Economies Adopt Abuja Statement
Policy

Nigeria, ECOWAS, World Economies Adopt Abuja Statement

Nigeria, the Economic Community of West African States (ECOWAS), World Trade Organisation (WTO) Friends of Investment Facilitation for Development (FIFD) and participants at the High Level Policy and Private Sector Trade and Investment Facilitation Partnership Forum today adopted a declaration titled “The Abuja Statement” at the close of the two-day […]

Nigeria freezes 15 million bank accounts with BVN
Policy

Nigeria freezes 15 million bank accounts with BVN

A Federal High Court sitting in Abuja, Nigeria’s capital, has ordered the freezing of over 15 million bank accounts without BVN, bank verification numbers. The temporary order will be in place and could see the government taking over all the funds in the bank accounts for non-compliance with anti-money laundering […]

Nigeria mulls NGN8.6 trillion for 2018 budget
Policy

Nigeria mulls NGN8.6 trillion for 2018 budget

Africa’s largest economy, Nigeria, has released its estimate for its 2018 budget which might be in the region of about NGN8.6 trillion. This is a record 15.5% increase on a year on year basis. Using real-time exchange rate, the government plans to spend USD27.34 billion. According to a draft of […]