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Nigeria Anticipates $10 Billion Inflow to Alleviate Dollar Shortage
The Nigerian government is expecting an inflow of $10 billion in the coming weeks, which is anticipated to…
Surge in Crude Oil Theft Incidents Plague Niger Delta Region
The Nigerian National Petroleum Company Limited (NNPCL) has reported a concerning surge in crude oil theft…
Lagos Tax Appeal Tribunal Orders MTN Nigeria to Pay $72.5 Million in Tax Default
Introduction: The Lagos State division of the Tax Appeal Tribunal has ruled that MTN Nigeria Communications must…
Ogun State’s Red and Blue Rail Lines Projected to Begin Operations in 2024
Governor Dapo Abiodun of Ogun State has announced that the proposed red and blue rail lines, developed in…
Naira Hits Record Low of N1,310 per Dollar
The Nigerian Naira experienced a significant decline, reaching a record low of N1,310 per US dollar on the…
Banking Agents: A Pillar of Financial Inclusion in Nigeria
In 2018, accessing banking services in Nigeria was a challenge due to long queues and limited branches. However,…
Nigerian Pension Funds Increase Equity Holdings by 47.5% in Seven Months
Nigerian pension funds have shown a renewed interest in equities, with their holdings surging by 47.5% in just…
Rise in Financial Fraud: Challenges Faced by Nigerian Banks and Fintechs
The Nigerian financial sector is grappling with a surge in financial fraud cases, impacting both traditional banks…
Nigerian Government Plans $10 Billion Injection to Address Forex Crisis
The Nigerian government is devising a strategy to secure $10 billion aimed at alleviating the country's severe…
Manufacturing Exodus: Companies Exiting Nigeria’s Industrial Landscape
Over the past decade, Nigeria has witnessed a notable exodus of manufacturing companies, with numerous factors…
Nigerian Government Pursues Cost-Cutting Measures for Efficient Governance
The Nigerian government is implementing a series of cost-cutting measures aimed at improving governance…
Federal Executive Council Approves $3.45 Billion Concessional Loan for Key…
The Federal Executive Council of Nigeria has granted approval for a $3.45 billion loan to fund crucial projects…
Central Bank of Nigeria Reports Surge in Currency in Circulation Amid Cash…
The Central Bank of Nigeria (CBN) has disclosed a significant surge in Currency in Circulation (CIC) within the…
States’ Internally Generated Revenue (IGR) Marginally Increases to N1.93tn…
The total Internally Generated Revenue (IGR) of states in Nigeria saw a slight rise to N1.93 trillion in 2022.…
Nigeria Triumphs in Landmark Case Against P&ID, Saving Billions in Fraudulent…
In a significant legal victory, the Federal Government of Nigeria has won its case against Process and Industrial…
Nigeria’s Economy Flags Warning on African Country Instability Risk Index
A new index assessing political stability risks across 47 African countries has placed Nigeria's economy on…
Supreme Court Readies for Atiku’s Appeal Against Tinubu’s Victory
As Nigeria's Supreme Court prepares to hear the appeal filed by Atiku Abubakar, the presidential candidate of the…
Nigeria’s Naira Faces Unprecedented Decline: Can the Downward Spiral Be…
Nigeria's currency, the Naira, is hurtling towards an alarming exchange rate of N2000 to the US dollar after a…
Nigeria’s Oil Earnings Surge in September 2023
Nigeria's oil earnings experienced a substantial surge of over N273.8 billion in September 2023. This surge was…
Fuel Prices Surge Beyond Official Bands in Nigeria
Fuel prices in Nigeria, particularly at independent filling stations, have surpassed the officially approved price…
Nigeria’s Ways and Means Debt Surpasses Crude Oil Revenue in H1 2023
A recent report from the Budget Office of the Federation (BOF) has revealed that the Federal Government of…
Olusegun Aganga Emphasizes: Strong Naira Hinges on Local Production and Exports
Former Finance Minister, Olusegun Aganga, highlighted a critical economic reality at the 51st Annual General…
Nigeria to Digitize Travel Processes for Enhanced Air Travel Experience
Olubunmi Tunji-Ojo, Nigeria's Minister of Interior, revealed plans to revolutionize international air travel…
Supreme Court Convenes Panel to Hear Presidential Election Appeals in Nigeria
The Supreme Court of Nigeria has established a seven-member panel of justices to consider appeals filed by three…
Global Hunger Index Highlights Worsening Hunger Levels in Nigeria
Nigeria is one of nine countries anticipated to experience a deteriorating hunger situation in the coming year,…
Challenges Loom Over Nigeria’s Ambitious 2024 Budget Revenue Targets
Nigeria faces a daunting task in generating the revenue needed to support its proposed N26.01 trillion budget for…
Nigeria and EU Ink €900 Million Deal for Development Projects
The Federal Government of Nigeria has entered into a substantial financial agreement with the European Union (EU)…
Nigeria Calls for Support of Proposed Global Tax Convention
Nigeria has urged Member States to back the proposed resolution for a global Tax Convention aimed at establishing…
Nigerian Financial Stocks See Consecutive Gains
The Nigerian Exchange Limited experienced its second consecutive day of gains, driven by investor interest in…
Foreign Investors Expected to Shy Away from Nigeria in 2024 Due to Economic…
According to experts at the 2023 African Economic and Capital Markets Conference, foreign investors may continue…