Joseph Chibueze, Author at Guardian Nigeria News

NRC generates N1.42 billion, N607.32 million in Q1

The Nigerian Railway Corporation (NRC) generated N1.42 billion in revenue by transporting 675,293 passengers and N607.32 million moving goods in the first quarter of 2024. The National Bureau of Statistics (NBS), in

20 hours ago

Benjamin AladeandJoseph Chibueze

Capital importation rises by 198 per cent in one year as FDI lags

•34 state records zero inflow Nigeria’s capital importation rose by 198.06 per cent over the last 12 months to $3.38 billion in the first quarter of the year. The growth was driven

2 days ago

Business·Slide

Nigeria’s capital importation rose by 198% in one year – NBS

Nigeria’s capital importation rose by 198.06 per cent over the last 12 months buoyed by portfolio investments which contributed 61.48 per cent. National Bureau of Statistics (NBS) in its Q1 2024 capital

2 days ago

Business·Slide

Cost of healthy food rises by 32% in five months

Nigerians face acute malnutrition as the average cost of purchasing healthy food daily increased by 32 per cent in the five months, rising to N1,041 in May 2024 from N786 in December

5 days ago

News·Nigeria

Naira depreciation adds N17.8 trillion to public debt in three months

The Debt Management Office (DMO) said naira depreciation alone increased the total debt stock by N17.8 trillion in quarter one (Q1), dismissing the claim that the government has continued to pile up

7 days ago

Business·Slide

NCC to sanction telcos for poor services

The Nigerian Communications Commission (NCC) has disclosed plans to sanction telecommunications service providers that render poor services. Executive Commissioner, Technical Services, Abraham Oshadami, during the opening of a two-day upskilling programme for

7 days ago

News·Nigeria

Why public debt is rising — DMO

The Debt Management Office (DMO) has explained that the rise in Nigeria’s public debt stock is partly due to exchange rate volatility, new borrowing, and Ways and Means securitisation. In a statement

1 week ago

News·Nigeria

Director-General of the DMO, Patience Oniha

Government raises N3.8 trillion from bonds in six months

The federal government has realised N3.77 trillion from bond auctions in the first six months of the year, an analysis of the results of the bond auctions conducted by the Debt Management

1 week ago

Business Service·Slide

FG bans single-use plastics, styrofoam packs in MDAs

The Federal Government has banned the use of single-use plastics across all Ministries, Departments and Agencies (MDAs).The House of Representatives had earlier in February this year called on the Federal Government to

1 week ago

News·Nigeria

Nigeria’s terms of trade down by 0.12 percentage points in Q1

All commodity terms of trade (ToT) declined by 0.12 percentage points in the first quarter of 2024 (Q1’24), just as the value of imports increased by 0.51 percentage points during the period.

1 week ago

Business

Price of rice soars by over 180% in 12 months, beans hits 219%

ACCI calls on govt to mitigate food inflation crisis The price of rice, a staple food for most Nigerian households, increased by 189.79 per cent between May 2023 and May 2024. During

1 week ago

News

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NRC generates N1.42 billion, N607.32 million in Q1

Capital importation rises by 198 per cent in one year as FDI lags

Nigeria’s capital importation rose by 198% in one year – NBS

Cost of healthy food rises by 32% in five months

Naira depreciation adds N17.8 trillion to public debt in three months

NCC to sanction telcos for poor services

Why public debt is rising — DMO

Government raises N3.8 trillion from bonds in six months

FG bans single-use plastics, styrofoam packs in MDAs

Nigeria’s terms of trade down by 0.12 percentage points in Q1

Price of rice soars by over 180% in 12 months, beans hits 219%

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