Economy
8 stories in Economy
Nigeria Bars MDAs From Awarding Contracts Without Budget Approval, Cash Backing
Nigeria's Federal Government has barred MDAs from awarding contracts or making financial commitments without budget approval and cash backing, as part of efforts to improve fiscal discipline and prevent unfunded projects.
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FG Explains How N15.8trn Subsidy Savings Were Used — Oyedele
Finance Minister Taiwo Oyedele says N15.8 trillion generated from fuel subsidy removal and foreign exchange reforms was deployed to wages, pensions, infrastructure, student loans, social transfers, agriculture and other government priorities.
Naira Strengthens To N1,416 Per Dollar In Parallel Market
The Nigerian currency recorded a slight gain against the US dollar in street trading as market supply showed minor improvements.
Naira drops to N1,420 per dollar in parallel market
The local currency depreciates by N12 in the informal foreign exchange market within 24 hours, according to market reports.
Central bank holds rates but signals cuts ahead
Policymakers voted 8-1 to keep the benchmark rate unchanged.
Inflation slows for the third straight month
Headline prices rose 2.8%, close to the official target.
Statistics office revises quarterly GDP upward
Business investment and exports drove the revision.
Video: The finance minister, in her own words
A wide-ranging interview on the budget, growth and the year ahead.