Economy

Nigeria is facing its highest inflation rate in 18 years, with reports indicating that it reached approximately 24 percent in...

Commodities

Just in: Nigeria’s Inflation Rate Rises to 22.79% in June 2023.

by Victoria Attah

According to the recently released Consumer Price Index report by the National Bureau of Statistics (NBS), Nigeria's inflation rate climbed...

Exploring Nigeria’s Rising Debt: The Impact of Federal Government Borrowing from the Central Bank

Nigeria's fiscal management has been under scrutiny in recent years, and concerns about the country's rising debt levels have been...

NNPC Aims to Increase Oil Production to 1.7 to1.8 Million Barrels per Day by 2024.

by Akpan Edidong

Nigeria's national oil company, the Nigerian National Petroleum Company Limited (NNPC), is eyeing several oil blocks and fields in the...

Nigeria Exports Electricity Worth N23bn as Local Consumers Suffer Outages.

FG Considers Review of Power Distribution Tariffs as Subsidy Expenditure Hits N2.8tn.

In response to the rising expenditure on electricity subsidy, the Federal Government of Nigeria is reportedly considering the request made...

Banking

CBN Revises Cash Reserve Ratio for Merchant Banks, Slashing it to 10%

In a move aimed at stimulating economic growth, the Central Bank of Nigeria (CBN) announced on Friday its decision to...

Key Takeaway from the CBN’s Newly Introduced Customer due Diligence Rules.

Banking

CBN Mandates Approval from Central Bank for Acquiring 5% Stake in Nigerian Banks

by Rate Captain

July 14, 2023

In a bid to enhance corporate governance and safeguard the interests of shareholders in Nigerian banks, the Central Bank of...

Reps To Probe N14trn Revenue Loss From Alleged Abuse Of Tax Incentives, Waivers.

by Jide Omodele

The Nigerian House of Representatives has announced its decision to initiate an investigation into allegations of abuse of tax incentives,...

NNPC Announces Plans to offer their Shares to the Public.

by Victoria Attah

The Nigerian National Petroleum Company Limited (NNPC Ltd) has reaffirmed its intention to launch its Initial Public Offering (IPO) in...

Nigeria’s External Debt Stock Hits $42,671.70 million: A Breakdown of Lateral and Bilateral Debts.