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CBN sells one-year Treasury Bills at 22.1% in July auction
The Central Bank of Nigeria (CBN) has sold one-year Treasury Bills (T-Bills) at a stop rate of 22.1% during its...
Senate passes Finance Act amendment bill
The Nigerian senate yesterday passed the amendment bill of the 2023 Finance Act and increased the windfall levy on banks’...
Ezekwesili Calls For Audit Of Dangote and NNPCL
Former Minister of Education Oby Ezekwesili's on Wednesday call for an independent audit of the dealings between the Nigerian National...
Surplus tax on banks’ foreign exchange earnings recuperation strategy for Nigeria’s economy
The federal government says the proposed 50 percent windfall tax on banks’ foreign exchange gain in 2023 would be a...
Nigeria’s External Reserves Surge To $35.77 BILLION
Nigeria’s external reserves increased to $35.77 Billion on Thursday up from the $33.09 Billion at the end of 2023. This...
IMF Slashes Nigeria’s Economic Growth Forecast To 3.1%
International Monetary Fund (IMF) has cut its forecast for Nigeria’s economic growth in 2024 to 3.1 per cent. The downgrade...
Naira slumps massively against dollar at black market
The naira appreciated on Tuesday for the first time in the week. Reported data showed that the naira gained slightly...
$1.8bn fuel stolen from refineries in nine years says NEITI
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, Ogbonnaya Orji, has disclosed that the country lost $1.84bn worth...
Forex scarcity made pharmaceutical multinationals exit Nigeria
The Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMG-MAN) on Sunday has expressed concerns over the scarcity of...
Senate Quashes Bill To Repeal Forex Act
Senate has quashed a bill seeking to repeal the Foreign Exchange Act, 2004, which is already a function of the...
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