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House of Representatives Passes Four Tax Reform Bills for Second Reading
The House of Representatives has passed four significant tax reform bills for second reading, marking an important…
Nigerian Banks Progressing Towards Meeting 2026 Recapitalisation Deadline – Fitch…
Fitch Ratings has reported that Nigerian banks are on track to meet the Central Bank of Nigeria's (CBN)…
Telecom Tariff Hike Sparks Backlash as NLC Calls for Boycott and Subscribers…
Telecom operators in Nigeria are facing a strong backlash after implementing a 50% tariff hike despite an ongoing…
Tinubu Hails $50M IFC Investment in Lagos Free Zone
President Bola Tinubu expressed his appreciation for the International Finance Corporation's (IFC) $50 million…
External Influences and Internal Struggles Hinder ECOWAS’ Aspirations– Prof.…
The Economic Community of West African States (ECOWAS) has faced significant challenges in achieving its core…
Foreign Portfolio Investments in Nigeria Surge 126.8% in 2024
Foreign Portfolio Investments (FPIs) into Nigeria's stock market saw a remarkable increase of 126.8% in 2024,…
CBN Scraps Free ATM Withdrawals, Introduces New Charges: Bank Customers Express…
In a recent move by the Central Bank of Nigeria (CBN), the institution has announced the scrapping of free ATM…
Nigeria’s Economic Reset: The Crucial Role of Data Integrity in National…
Nigeria is currently navigating an economic reset to address the persistent challenges it faces, including…
Nigeria, UAE Strengthen Aviation Ties with Amended Bilateral Air Service Agreement
Nigeria and the United Arab Emirates (UAE) have signed an amended Bilateral Air Service Agreement (BASA), aimed at…
Telecom Tariff Hike: House of Reps Demands Reversal Amid Economic Concerns
The long-awaited 50% tariff increase by Nigerian telecommunications operators has officially begun, following…
Nigerian Equity Market Maintains Bullish Momentum with N426bn Gain
The Nigerian equity market continued its positive trajectory on February 12, 2025, with investors gaining N426…
Senate Proposes N10bn for Capital Market Awareness to Boost Investor Participation
In a recent proposal, the Nigerian Senate suggested allocating N10bn to fund investor education in the capital…
Stabilizing Naira and Slower Price Increases Ease Business Costs in January
In January 2025, the Nigerian business environment saw a reduction in operating costs, primarily due to the…
NAICOM’s Reform Plans to Strengthen Nigeria’s $1 Trillion Economy
The Commissioner for Insurance and CEO of the National Insurance Commission (NAICOM), Mr. Olusegun Omosehin,…
Dangote Refinery Set to Reach Full Capacity in 30 Days, Boosting Nigeria’s…
Nigeria’s Dangote Refinery, the largest in Africa, is set to operate at full capacity within the next 30 days, as…
CBN Facilitates $5.63 Billion in International Payments Amid Economic Challenges…
The Central Bank of Nigeria (CBN) facilitated $5.63 billion in international payments during the first nine months…
CBN Reschedules February 2025 MPC Meeting Amid CPI Release Delays
The Central Bank of Nigeria (CBN) has officially announced a new date for its 299th Monetary Policy Committee…
COMAC Demands Independent Audit of Gold-for-Oil Program Amid Financial…
The Chamber of Oil Marketing Companies (COMAC) is urging for an independent audit of the Bulk Energy Storage and…
VP Shettima Launches Committee to Drive Nigeria’s Trillion-Dollar Economic…
Vice President Kashim Shettima recently inaugurated the Presidential Committee on Economic and Financial Inclusion…
MOFI Launches N100bn Series 2 Offering to Tackle Nigeria’s Housing Deficit
The Ministry of Finance Incorporated (MOFI) has launched a N100 billion Series 2 offering under the MOFI Real…
Naira’s Strong Rally Disrupts FX Market Amid Dollar Sell-off and Reform…
The Nigerian naira has seen a notable appreciation, catching traders in the foreign exchange (FX) market…
Nigerian Stock Market Dips as Zenith Bank Leads Profit-Taking Activity
The Nigerian stock market opened the week on a mixed note, with the All-Share Index (ASI) declining by 0.04% due…
Nigeria Set to Benefit from $4.4 Billion Investment in Agro-Industrial Zones
The African Development Bank (AfDB) has announced a significant $4.4 billion investment aimed at expanding the…
Nigeria’s Crude Oil Production Costs Spark Concerns as Expenditures Soar to…
Nigeria is facing growing concerns over the high cost of crude oil production, with industry experts warning that…
FBN Holdings Reports 154% Surge in Net Interest Income Due to Rate Hike
FBN Holdings experienced a significant 154.5% rise in its net interest income for the year 2024, largely due to…
IFC invests $50 million in Lagos Free Zone to boost Nigeria’s industrial growth
The International Finance Corporation (IFC) has pledged a $50 million equity investment in the Lagos Free Zone…
CBN Unveils New Inflation Targeting Framework to Tackle Economic Challenges
The Central Bank of Nigeria (CBN) has initiated a new phase in combating inflation, implementing an inflation…
Imported Inflation: Nigeria’s Struggle for Price Stability
Muhammad Abdullahi, a member of Nigeria's Central Bank Monetary Policy Committee (MPC), highlighted the challenges…
CBN postpones February MPC meeting as NBS delays rebased CPI report
The Central Bank of Nigeria (CBN) has delayed its first Monetary Policy Committee (MPC) meeting for 2025 until…
Naira Rebound: Investors favour 364-day bonds, Treasury Bills
As the Nigerian naira strengthens, there has been a surge in demand for long-term fixed-income instruments.…