Federation Account Allocation Committee Shares N907.05bn among Tiers of Government for June 2023
The Federation Account Allocation Committee (FAAC) has announced the sharing of N907.05bn among the three government tiers forThursday's latest FAAC...
FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties
In the first two months of 2023, the Federal Government experienced a revenue shortfall of N13.33bn due to penalties issued...
IMF Approves $1 Billion Loan to Aid Kenya’s Economic Crisis and Climate Initiatives.
The International Monetary Fund (IMF) has stepped in to provide crucial financial assistance to Kenya, approving the disbursement of a...
LCCI Urges CBN to Remove Forex Restrictions on 43 Products.
The Lagos Chamber of Commerce and Industry (LCCI) has called on the Central Bank of Nigeria (CBN) to eliminate foreign...
UK Inflation Eases Slightly in June 2023 Amid Falling Fuel Prices and Moderate Food Costs
The Consumer Prices Index including owner-occupiers' housing costs (CPIH) in the UK increased by 7.3% in the 12 months leading...
FG to Sanction Trade Associations for Anti-Competitive Practices and Food Price Hikes.
In a bid to address the issue of anti-competitive practices and the arbitrary increase in food prices, the Federal Government...
Goldman Sachs Cuts Probability of U.S. Recession, Flags Reaccelerating Inflation as Bigger Risk.
In a surprising move, Goldman Sachs has reduced the probability of a U.S. recession to just 20%. The renowned investment...
Nigeria’s Economy at Risk: UK’s Naira Deal Sparks Liability Concerns and Sky-High Interest Rates
The recent decision by Britain's export finance agency to add the Nigerian naira to its list of "pre-approved currencies" marks...
Nigeria’s Inflation Reaches 18-Year High, Government Implements Reforms to Tackle Rising Costs
Nigeria is facing its highest inflation rate in 18 years, with reports indicating that it reached approximately 24 percent in...
Navigating the Complexities of Digital Lending: Why Outright Bans are not the Solution.
The advent of technology has revolutionized the way we conduct business and interact with financial services. In Nigeria, the rise...
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FG Releases Revised Import Prohibition List, Bans Paracetamol, Tomato Paste and others.
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Russian Inflation at Five-Year Peak Boosts Chances for Rate Hike
