CBN Allows IMTOs to Sell Foreign Exchange Directly on Official Market
The Central Bank of Nigeria (CBN) has announced a significant policy change allowing eligible International Money Transfer Operators (IMTOs) to...
CBN Reforms Lead to $172 Million Increase in Diaspora Remittances
The Central Bank of Nigeria (CBN) has recorded a significant increase in direct remittances, with an additional $172 million reported...
Naira Falls to Lowest in 5 Weeks, Approaching N1,500/$1
The exchange rate between the naira and the dollar has dropped to a six-week low, closing at N1,490.2/$1 on Monday,...
World Bank Disburses $45.5 Million for Nigeria’s ID4D Project Amid Data Security Concerns
The World Bank has disbursed $45.5 million to the National Identity Management Commission (NIMC) for Nigeria's Digital Identification for Development...
CBN Reports Progress in Inflation Control Amid Rising Food Prices
The Central Bank of Nigeria (CBN) announced on Saturday that its efforts to curb inflation through monetary policy tightening are...
Naira Shows Stability in Official Market, Meeting Fitch Ratings Projections
The Nigerian naira demonstrated remarkable stability in the official market, maintaining alignment with Fitch Ratings' projections despite fluctuating within the...
FG Spends $15 Billion on Debt Servicing Over Five Years, CBN Reports
The Federal Government of Nigeria has allocated a substantial $15.55 billion towards debt servicing from 2019 to 2024, according to...
Naira Appreciates to N1,485/$ in Parallel Market
The Naira recorded an appreciable gain in the parallel market on Thursday, trading at N1,485 per dollar compared to N1,490...
Companies Tax Declines by 69% in First Quarter of 2024 – CIT Reports
Nigeria’s corporate landscape witnessed a notable decline in Company Income Tax (CIT) payments across various sectors during the first quarter...
Fidelity Bank Shares Drop by N14.4 Billion Amidst Capital Raise
Fidelity Bank Plc experienced a significant drop in its market value on Thursday, losing N14.4 billion on the Nigerian Exchange...
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