Business
Tinubu to release N2trn to revamp Nigerian economy
President Bola Tinubu has promised to revamp the Nigerian economy by injecting about N2 trillion into it to turn its fortunes around within...
FG grants withholding tax exemptions to SMEs, farmers, manufacturers
Mr. Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, announced on Tuesday that President Bola Tinubu has...
Nigeria’s foreign investment inflows grow by 210% in Q1 2024
Foreign investment inflows to Nigeria grew to $3.38 billion in the first quarter of 2024, while total capital importation rose by 210.16% from...
CBN gets 7 days ultimatum to account for missing N100bn dirty notes, public funds
SERAP said the allegations are documented in the latest annual report recently published by the Auditor-General of the Federation. The Socio-Economic Rights and...
Nigeria’s external reserves surge to $34bln, first since March
Nigeria’s external reserve hit a new milestone in June, rising to $34.07 billion, the highest level since March 2024. This is according to...
Regulation of crypto, digital assets now under full control, says SEC DG
The Securities and Exchange Commission (SEC) says it has complete oversight and regulatory control over cryptocurrencies and other digital assets. The Director-General of...
Glory days ahead for the naira – CBN Gov. Cardoso
Dr. Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), says the apex bank is pleased with the progress it has...
Dangote Sugar Refinery registers N209bln multi-instrument issuance programme
In a bid to uphold the standard of its corporate objectives, Dangote Sugar Refinery Plc has registered its N200bn multi-instrument issuance programme with...
CBN issued IMTOs Naira access to boost remittances
The Central Bank of Nigeria (CBN) says it has implemented new measures to allow eligible international money transfer operators (IMTOs) to access naira...
Again, Dangote Refinery accuses IOCs of manipulating oil prices to sabotage Nigerian refinery
Mr. Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited (DIL), has accused Nigerian international oil companies (IOCs) of frustrating...
AKK Gas Pipeline Project Will Transform Northern Nigeria’s Economic, Industrial Landscape – FG
The Ajaokuta-Kaduna-Kano (AKK) gas pipeline project, Nigeria’s biggest domestic gas pipeline project so far by President Bola Tinubu’s administration, is focused on unleashing...
Nigeria’s foreign exchange reserves up by 5 percent to $33.58bln
Nigeria’s foreign exchange (FX) reserves have increased by five percent in the last two months, amounting to $33.58 billion. The latest development is...
Nigeria’s debt stock surges by 24.99 percent to N121.67trn in March 2024 – DMO
The Debt Management Office (DMO) has disclosed that Nigeria’s total public debt stock has increased by 24.99 percent to N121.67 trillion (approximately $91.46...
CBN dissolves boards of Union, Keystone, Polaris Banks
The Central Bank of Nigeria (CBN) has announced the dissolution of the boards of directors of three major banks – Polaris Bank, Union...
Heritage Bank: Customers to receive payments within one week – NDIC MD
The Nigerian Deposit Insurance Corporation (NDIC) has assured depositors of Heritage Bank that their deposits are already being processed for payment. The Managing...
Nigeria’s current account balance surges by $1.43bn – IMF
The International Monetary Fund’s World Economic Outlook Database indicators have revealed that Nigeria’s current account balance recorded a surplus of $1.432 billion in...
