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A large portion of Nigeria’s forex earnings is derived from crude oil and low oil prices caused by a supply glut and lowered demand...
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On May 21, 2024, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) concluded its 295th meeting with a pivotal decision:...
The People’s Redemption Party (PRP) has voiced concerns over Nigeria’s reliance on the economic policies of the Bretton Woods Institutions. These institutions, which include...
Nigeria’s recent announcement of its ₦5.4 trillion expenditure on fuel subsidies has generated significant discussion and concern. The Minister of Finance and the Coordinating...
Guaranty Trust Holding Company Plc (GTCO), Africa’s leading financial services institution, has been named Nigeria’s strongest brand and Best Banking Brand by Brand Finance...
The Federal Government of Nigeria recently announced a $3.5 billion agreement with the African Export-Import Bank (Afreximbank). This deal aims to enhance the textile...
A large portion of Nigeria’s forex earnings is derived from crude oil and low oil prices caused by a supply glut and lowered demand...
Dangote said the devaluation “is not going to affect our target regardless of the dollar exchange rate.
The spokesman said the company has contacted the leadership of the impacted unions to negotiate a redundancy package for the affected workers.
Tax assessment can only be final and conclusive where the taxpayer fails to meet the three conditions provided in the tax law for a...
Some traders have cash-flow problems and default on loans due to the gridlock at ports, the exporters association’s Ayodele said.
Fitch explained that despite large credit losses, most African banks would remain profitable as they still retain a healthy revenue generation capability.
The AfCFTA agreement requires members to remove tariffs from 90% of goods traded, allowing free access to commodities, goods, and services across the continent.
The naira, which had previously exchanged at N500/$, strengthened after the Central Bank of Nigeria (CBN) relaxed the rules on foreign remittances and domiciliary...
The bills will help improve banks’ liquidity ratios, which have come under pressure from “punitive” cash-reserve debits by the central bank.
Nigerian social networks were roiled on Monday by the accusations by a UK member of parliament against General Yakubu Gowon, the architect of peace...