Browsing: FGN

President Buhari reconstitutes NNPC Board. President Muhammadu Buhari has approved the reconstitution of the Board of the Nigerian National Petroleum Corporation (NNPC). This President made the call after the expiration of the term of the board members appointed in 2016.

Nigeria to record current account deficits near 4% of GDP – Reports. Experts have estimated that Nigeria will record current account deficits

Capital importation: $5.8 billion flows into Nigeria’s economy in first quarter. Nigeria benefited from foreign investment flow amounted to $5.8 billion in the first quarter of 2020 amidst global disruptions.

The National Bureau of Statistics (NBS) says more than 82.9 million Nigerians are poor by national standards.

Experts estimate $15.4bn revenues miss for Nigeria amid COVID-19, Oil prices plunge

Expected open market price of PMS now ₦112.26

Food prices have been on the rise, and some market observers suggest that this is not unconnected with the land border closure policy.

Nigerian GDP expands 2.27% in 2019 on stable oil production

Slack revenues: FG records N1.14 trillion deficits in Q4 2019. On the back of dwindling revenues, the Central Bank of Nigeria has revealed in its economic report that Federal Government’s total expenditure was more than total receipts by about N1.4 trillion in the fourth quarter (Q4) of 2019.

Unease as external reserves fall to $37.66bn, edge toward resistance level. The latest figure on the Central Bank of Nigeria website