Month: December 2023

The Nigerian government, through the Debt Management Office (DMO), has raised approximately N5.85 trillion ($14.1 billion) via the bond market…

The Central Bank of Nigeria (CBN) has reassured the public of an adequate currency stock to meet their needs, addressing…

The Nigeria Labour Congress (NLC) has expressed opposition to the proposed plans by the Federal Government to restructure the Transmission…

The World Bank has disclosed that sluggish economic growth and rising inflation in Nigeria have led to an additional 24…

The Nigerian naira depreciated by 4.58% at the official foreign exchange (FX) market, trading at N904.65 per dollar, despite a…

Nigeria has made progress in achieving its 2024 financial inclusion target, with 74% of the population considered financially included in…

Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, has stated that Nigeria’s target…

Kenya has witnessed a significant surge in foreign exchange turnover, with a total of N55.77 trillion traded in the first…

The National Pension Commission (PenCom) has called on former employees of defunct companies to reclaim N12 billion in Transition Contribution…

The Bureau of Public Enterprises (BPE) has revealed its intention to sell the remaining 40% government shares in electricity distribution…

MTN Nigeria has refuted claims that the lease of its 2,500 towers to American Tower Corporation (ATC) would cause network…

The Presidential Fiscal Policy and Tax Reforms Committee in Nigeria is set to review national withholding tax laws, aiming to…

The Federal Government of Nigeria, through the Ministry of Solid Minerals Development, is set to collaborate with the World Bank…

The Nigerian government has finalized plans to list prominent national assets, including Eleme Petrochemicals, Nigeria Reinsurance Corporation, NICON Insurance, and…

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, highlighted the significance of the National Vehicle Registry…

The British International Investment (BII), the UK’s development finance institution, is set to invest $15 million in equity into Valency…

Millions of Nigerians are grappling with prolonged power outages due to the widespread theft of critical power infrastructure, including transformers,…

Nigeria, experiencing its highest inflation rate in 18 years, is witnessing the affluent class grappling with economic challenges similar to…

The political landscape in Rivers State is undergoing a significant shift as 27 lawmakers loyal to Nyesom Wike, the minister…

The Nigerian stock market has witnessed various forms of equity listings in 2023, including private placements, introductions, and other listings.…

The Central Bank of Nigeria (CBN) has announced the immediate suspension of processing fees, ranging from two to three percent,…

The Nigerian Senate has called on the federal government to allocate a minimum of 10% of the total annual budget…

The Nigeria Customs Service (NCS) has reported that Nigeria lost a significant sum of N1.8 trillion to Import Duty Exemption…

The National Bureau of Statistics (NBS) has reported a remarkable year-on-year increase of 51.6% in Value Added Tax (VAT) collections…

While President Bola Tinubu seeks new investors to boost Nigeria’s economy, recent reports reveal a troubling trend of multinational manufacturing…

The Central Bank of Nigeria (CBN) has announced the suspension of processing fees on cash deposits, a move aimed at…

The manufacturing sector in Nigeria experienced a substantial 400% increase in net foreign exchange losses, reaching N466 billion in the…

There are growing indications that foreign airlines might exit Nigeria’s airspace due to a deteriorating operating environment. This follows a…