The Double-Edged Sword of VAT in Nigeria: Exploitation or Economic Lifeline?
As Nigeria grapples with the fresh implementation of the Nigeria Tax Act 2025, the Value Added Tax (VAT) system has...
Trump Revives Plan for $2,000 Tariff-Funded Payouts to Americans Amid Legal Battle
President Donald Trump has once again floated the idea of distributing at least $2,000 to most U.S. citizens as a...
Nigeria’s FX Reserves Set to Hit $45 Billion on Eurobond Surge, Analysts Forecast
A blockbuster $2.3 billion Eurobond sale, oversubscribed more than fivefold, is poised to propel Nigeria’s foreign exchange reserves to $45...
Nigeria’s Big Five Banks Reap N4.8 Trillion in Bond and Treasury Income Over Nine Months
The country’s largest commercial banks—Access Holdings, United Bank for Africa, Guaranty Trust Holding Company, Zenith Bank, and First Bank Holdings...
Naira Holds Steady at ₦1,440 per Dollar on Official Market
Nigeria's currency maintained relative calm on Thursday, trading at approximately ₦1,440 against the U.S. dollar in the official Daily Nigerian...
CBN Move to Overhaul Fixed-Income Trading Ignites Regulatory Clash
The Central Bank of Nigeria (CBN) is pushing to centralize control over the country's fixed-income market, a decision that has...
Nigeria to Launch $2.3 Billion Eurobond Offering This Week Despite U.S. Tensions
Nigeria is preparing to issue $2.3 billion in eurobonds this week, marking its return to global capital markets for the...
Nigeria’s Excess Crude Account Climbs 13% in Two Years Amid Policy Shifts
Nigeria’s Excess Crude Account (ECA) has edged up 13 percent over the past two years, while the Stabilisation Account surged...
Bank Deposits at CBN Surge 395% to N198 Trillion in 2025
Commercial banks in Nigeria significantly increased their deposits with the Central Bank of Nigeria (CBN) through the Standing Deposit Facility...
Naira and Stocks Plummet Amid U.S. President’s Military Remarks
Nigeria’s financial markets faced a turbulent start to November 2025, with the naira and stock market experiencing significant declines following...
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NNPCL Reports 4.24% Revenue Growth to N2.68 Trillion in February Despite Iran War
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US Dollar Weakens as Fragile Ceasefire Between US and Iran Fuels Market Uncertainty
U.S. Dollar Nears Three-Month Low Amid Inflation Concerns
