Economy
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Economic reforms in Nigeria not working – IMF Report
The latest outlook report of the International Monetary Fund (IMF) for sub-Sahara Africa has indicated that the broad-based economic reforms…
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CBN warns against disbursing cash to naira hawkers, directs banks to load ATMs
The Central Bank of Nigeria (CBN) has directed banks to prioritise cash disbursement through automated teller machines (ATMs). CBN…
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Concerns over cash squeeze in states despite increased CBN supply
There is rising complaints by bank customers and Point of Sale (POS) operators in some states across the country over…
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Nigeria’s inflation rate hits 33.88% amid rising food prices
Nigeria’s headline inflation rate increased to 33.88% in October 2024, up from 32.7% in September 2024, reflecting a 1.18 percentage…
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2025 Budget: FG to borrow N13.8 trillion
The Federal Executive Council (FEC), Thursday, approved a budget proposal of N47.9 trillion for the 2025 fiscal year and borrowing…
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BREAKING: 2025 Fiscal Year: Tinubu proposes N47.9trn budget
President Bola Tinubu is set to present a total of N47.9 trillion for the 2025 budget before the National Assembly.…
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Foreign debt servicing by FG gulps $3.5billion in 9 months — CBN
The federal government spent a voluminous $3.58 billion servicing the country’s foreign debt in the first nine months of 2024.…
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FG hosts trade fair to drive investment, job creation, global partnerships
The Executive Director, Lagos International Trade Fair Complex, Barr. Vera Ndanusa, has said in order to fulfill the President Bola…
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VAT distribution will be a win-win – Presidential Chair on Tax reforms, Oyedele assures Northern governors
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has assured the 19 northern governors…
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Exodus of int’l companies continues as Pick n Pay set to exit Nigeria, sells 51% stake in joint venture
Pick n Pay, a South African grocery retailer, says it will exit Nigeria by selling its 51 percent stake in…
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