Digital Giants Contribute ₦2.55 Trillion in Taxes in Nigeria for H1 2024, Says NITDA
Foreign digital companies, including Google, Microsoft, and TikTok, have collectively contributed ₦2.55 trillion in taxes to Nigeria’s coffers during the...
CBN to Penalize Banks Over Cash Shortages from December
The Central Bank of Nigeria (CBN) has announced plans to penalize commercial banks that fail to provide cash to customers...
Nigeria Raises $2.2 Billion Through Eurobond Auction to Address Budget Deficit
In a significant financial development, Nigeria successfully raised $2.2 billion through its latest Eurobond auction. The funds, secured through the...
Tinubu Reaffirms Commitment to Stabilizing ECOWAS and Africa’s Security
President Bola Ahmed Tinubu has reiterated his commitment to stabilizing the Economic Community of West African States (ECOWAS) and fostering...
Nigerian Stock Market Ends November in Decline, Breaking Five-Year Streak
For the first time since 2018, Nigeria’s All-Share Index (ASI) recorded a decline in November, closing the month in the...
Daily Forex Turnover on FMDQ Hits $294 Million, Highest in 2024
The daily average forex turnover on the FMDQ platform surged to $294 million in November, marking the highest figure recorded...
Auditor-General Uncovers N14bn Tax Fraud Across Over 30 Government Agencies
A recent report by the Auditor-General of the Federation has exposed tax irregularities totaling N14.33 billion within more than 30...
Naira Depreciation Spurs 155.5% Growth in Foreign Portfolio Investments
Foreign Portfolio Investments (FPIs) on the Nigerian Exchange Limited (NGX) have surged significantly, reaching a record high of ₦744.34 billion...
CBN Increases Interest Rate to 27.5% to Combat Inflation
The Central Bank of Nigeria (CBN) has raised the country’s Monetary Policy Rate (MPR) by 25 basis points, bringing it...
CBN Extends Deadline for BDC Recapitalization to June 2025
The Central Bank of Nigeria (CBN) has extended the deadline for Bureaux De Change (BDC) operators to meet new recapitalization...
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