2023 Budget: Senate Dismisses N6trn Tax, Import Duties Waivers
Nigeria’s Minister of Finance, Budget, and Planning, Zainab Ahmed disclosed that the proposed 2023 budget of N19.76 trillion would have...
UBA Bank to Hike Lending Rate Due to Rising Costs
United Bank for Africa Plc will soon roll out an upwardly reviewed lending rate as plans are ongoing to raise...
Africa loses up to 15% of its GDP per capital to climate change – African Development Bank
The Vice President and Chief Economist of African Development Bank (AFDB), Kevin Urama, has said that Africa has been losing...
Parallel Market Premium Surges to 61.5 Percent
The gap between the naira’s official and black market exchange rate has widened, reaching a N268.5 premium in the parallel...
Naira Plunges, Hits N705/$1 at the Parallel Market
Monday, September 12, 2022: The naira has been under severe pressure for more than a week now, breaking into the...
Nigeria Spent ₦1.8 Trillion Importing These 5 Items in Second quarter 2022
Nigeria’s total trade for the second quarter of 2022 declined slightly to stand at N12.8 trillion. This fall in the...
Naira Remains Weak, Exchanges for N436.33/$1 at the I&E Window
Friday, September 9, 2022: The exchange rate at the Nigerian Investors and Exporters (I&E) FX Window remains weak as the...
Aussies already lost $242M to investment and crypto scams in 2022
According to the most recent data from Scamwatch, Australians have continued to fall for investment and cryptocurrency-related scams, handing out...
Food inflation and energy costs have eroded global living standards – IMF
The International Monetary Fund (IMF) has stated that the surging prices of food and energy are the major drivers of...
Angola Surpasses Nigeria, Becomes Africa’s Largest Oil Producer in August
Nigeria has lost its position as the largest oil producer in Africa as its crude oil production for August was...
