Category: Business news

just in firs generates 4 trillion naira so far in 2019 240x180 - Just In: FIRS Generates 4 Trillion Naira So Far In 2019

Just In: FIRS Generates 4 Trillion Naira So Far In 2019

The federal government tax-collecting agency in Nigeria (FIRS) has revealed how much the country has generated so far this year. Naija News understands that the Federal Inland Revenue Service Executive Chairman, Babatunde Fowler made this known during the Lagos International Trade Fair held at Tafawa Balewa Square. Speaking on the“FIRS Special Day”  Fowler revealed that […]

chevron set to sell its nigerian oil block 240x169 - Chevron Set To Sell Its Nigerian Oil-Block

Chevron Set To Sell Its Nigerian Oil-Block

Chevron Nigeria has revealed its plan to sell some oilfields to restructure its portfolio and grow its U.S. shale output. Naija News understands that chevron has started discussing with buyers to sell some of its onshore and near offshore assets in Nigeria. Information on the firm’s website shows that it has a 40 percent stake in […]

afdb records growth of 208bn capital profit 240x180 - AFDB Records Growth Of $208bn Capital Profit

AFDB Records Growth Of $208bn Capital Profit

The African Development Bank has recorded a landmark capital profit of two hundred and eight billion dollars since its inception. The president of the Apex development bank in Africa, Dr. Akinwumi Adesina said the bank’s capital profit jumped from $93 billion to $208 billion which showed about 125 percent increase. Speaking further, Adeshina hailed “a historic […]

nigerias foreign reserves drop by 1 26billion in october 240x168 - Nigeria’s Foreign Reserves Drop By $1.26billion In October

Nigeria’s Foreign Reserves Drop By $1.26billion In October

Nigeria’s foreign reserves has dropped by $1.26bn from $41.76bn in October 2 to $40.5bn as at the end of October 30. According to the economic report for third quarter of 2019 by Central Bank of Nigeria the reserves which had continued to shed in recent months dropped by $482.18m from N45.14bn as of July 8 to […]

president buhari reacts as afdb records highest capital profit 240x180 - President Buhari Reacts As AFDB Records Highest Capital Profit

President Buhari Reacts As AFDB Records Highest Capital Profit

President Muhammadu Buhari has congratulated the leadership of African Development Bank (AfDB) over the historic increase of its capital from $93 billion to $208 billion. Naija News understands that Buhari stated this in a congratulatory message issued by his spokesman, Mr. Femi Adesina. Speaking on the new feat by the AFDB leadership, Buhari praised Dr. Akinwunmi […]

make as much as 58 million naira from ep2earn 240x153 - Make As Much As 58 Million Naira From Ep2earn

Make As Much As 58 Million Naira From Ep2earn

Do you know you can make up to 58 million naira Commissions in 12 weeks as an Ep2earn Affiliate by buying our Music and Profit Packages on the Ep2earn Website and by also referring only two people to do the same thing? Ep2earn is a Pay to Download Music Platform owned by Charvail Entertainment, a […]

just in nigerias inflation rate rises to 11 61 240x169 - Just In: Nigeria’s Inflation Rate Rises To 11.61%

Just In: Nigeria’s Inflation Rate Rises To 11.61%

Naija News understands that the fresh data from the National Bureau of Statistics revealed that the inflation for the month of October has risen by 0.36 basis points year on year to 11.61 percent. The composite food index rose by 14.09 percent in October compared to 13.51 percent recorded in September due to increases in […]

imf leader cries out over africas escalating debt 240x180 - IMF Leader Cries Out Over Africa’s Escalating Debt

IMF Leader Cries Out Over Africa’s Escalating Debt

The Managing Director of the International Monetary Fund, Kristalina Georgieva, says 40 per cent of African countries are in debt distress. Speaking on the debt levels of countries, the newly appointed IMF MD said, “Are we worried about debt levels in Africa? Yes, because 40 per cent of the countries have gone into debt distress levels.“In […]

just in nigerias gdp grows by 2 28 in third quarter of 2019 240x180 - Just In: Nigeria’s GDP Grows By 2.28% In Third Quarter Of 2019

Just In: Nigeria’s GDP Grows By 2.28% In Third Quarter Of 2019

The Nigerian economy has gotten a boost amidst border closure drama as Nigeria’s gross domestic product (GDP) grew by 2.28% in the third quarter of 2019. According to the report gathered from the National Bureau of Statistics (NBS), oil production hits a three-year high as the country’s gross domestic product (GDP) grew by 0.17 percentage […]

capital importation into nigeria declines by 7 7 240x180 - Capital Importation Into Nigeria Declines By 7.7%

Capital Importation Into Nigeria Declines By 7.7%

Investment inflow into the Nigerian economy has declined by $460 million in the third quarter of 2019, the National Bureau of Statistics (NBS) said on Monday. Naija News learnt that investment inflow into the Nigerian economy during the period was $5.36 billion compared to $5.82 billion in the second quarter. The NBS disclosed these in […]