BREAKING: CBN Revokes Heritage Bank’s Licence With Immediate Effect
BREAKING: CBN Revokes Heritage Bank’s Licence With Immediate Effect In response to several reports...
Finance & Economy
FG has Settled N7.3trn of Its Ways and Means Debt So Far – Minister
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that...
Tax Reform Panel Suggests N800 Per Dollar Customs Duty Rate
The Presidential Committee on Fiscal Policy and Tax Reforms has advised the federal government to...
Healthy Food Prices Jump 111% in a Year, Outpacing Most Nigerians’ Budgets
The cost of basic food items that meet the minimum nutrient requirements has more than...
Naira Weakened Against US Dollar in Parallel Market
On Monday, the naira faced depreciation in the parallel section of the foreign exchange (FX)...
Nigeria’s GDP Declines to 2.98% in Q1 2024 – NBS
Nigeria’s Gross Domestic Product (GDP) growth declined to 2.98%, lower than the rate recorded in...
CBN Increases Interest Rates
The Central Bank of Nigeria (CBN) Tuesday increased the benchmark interest rate by 150 basis points,...
Loan Growth to Decelerate as Banks’ Deposits with CBN reach N15.03trn
The amount of money or reserve deposit that Nigerian lenders are required by regulation to...
CBN Pulls Back on Cybersecurity Levy
In a significant policy reversal, the Central Bank of Nigeria (CBN) has withdrawn its directive...
FAAC: FG, states, LGs share N1.2trn
The Federation Account Allocation Committee (FAAC) has distributed a total of N1,208.081 billion in revenue...
