Economy

The Nigerian naira exhibited a mixed performance recently, with movements indicating both strength and vulnerability across official and parallel markets....

The Federal Government of Nigeria has introduced a bill proposing the imposition of a 5% excise duty on telecommunications, gaming,...

The Federal Government of Nigeria has introduced a new bill aimed at providing tax relief on essential products, including sanitary...

Nigeria's capital expenditure dropped by 25.3% in the first half of 2024, amounting to N1.99 trillion, down from N2.68 trillion...

The Federation Account Allocation Committee (FAAC) has distributed a total of N1.298 trillion to the Federal Government, state governments, and...

The naira continued its decline against the U.S. dollar, closing at N1,660.49 in the official Investors and Exporters (I&E) window,...

The Nigerian naira has experienced a significant depreciation, falling below the crucial N1,650/$ support level in the official foreign exchange...

Regulatory bodies, including the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), have sanctioned 10 Nigerian...

The Central Bank of Nigeria (CBN) has initiated a re-validation process to verify foreign exchange (FX) claims worth $2.4 billion...

The International Monetary Fund (IMF) has given the green light to an $8 billion reform and financing package aimed at...