ABCON Urges CBN to Grant BDCs Digital Autonomy for Exchange Rate Convergence
In a bid to achieve exchange rate convergence and enhance the stability of Nigeria's foreign exchange market, the Association of...
BP Stock Declines Following CEO’s Resignation Over Relationship Disclosure
Shares in BP, one of the UK's leading energy companies, witnessed a surprising dip as CEO Bernard Looney resigned...
Economic Complications Loom as NLC Threatens Indefinite Strike Amidst Unresolved Demands
Just one week after orchestrating a nationwide two-day warning strike, the organized labor, represented by the Nigeria Labour Congress (NLC),...
Nigerian Stock Market Loses N757 Billion in Two Days After FTSE Russell’s Downgrade
Investors on the Nigerian Exchange Limited (NGX) have experienced a significant setback, with a total loss of N757 billion over...
FG plans 83% cut in taxes, levies to Curb Economic Hardship
Nigeria's complex tax landscape, burdened by over 60 different forms of taxes and levies, is set for a major overhaul,...
Tinubu and UAE President Forge Historic Deal: Visa Ban Lifted, Paves Way for Economic Investments
In a groundbreaking diplomatic achievement, President Bola Ahmed Tinubu of Nigeria and President Mohamed bin Zayed Al Nahyan of the...
Zenith Bank Interest Income Hits N262 Billion for H1 2023
Zenith Bank PLC, one of Nigeria's leading financial institutions, has reported robust financial results for the first half of 2023,...
CBN’s Bold $10 Billion Forex Backlog Resolution: A Gambit Worth Watching
The Central Bank of Nigeria (CBN) has set an audacious target - to clear a lingering $10 billion foreign exchange...
President Tinubu Explores Economic Opportunities with Global Leaders.
Nigeria's President, Bola Tinubu, recently embarked on a diplomatic mission to strengthen economic ties with key global partners, engaging in...
GTCO, FBN, FCMB, and Fidelity Bank Non Performing Loan Hits N413 Billion in H1 2023.
Nigeria's banking sector, Guaranty Trust Bank Holding Plc (GTCO), FBN Holdings Plc, FCMB Group Plc, and Fidelity Bank Plc have...
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FG Releases Revised Import Prohibition List, Bans Paracetamol, Tomato Paste and others.
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Nigeria’s Foreign Reserves Hit $51.86 Billion, Highest in 17 Years
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Russian Inflation at Five-Year Peak Boosts Chances for Rate Hike
