Windfall tax on banks’ FX gains recovery plan for Nigeria’s economy – FG
The federal government says the proposed 50 percent windfall tax on banks’ foreign exchange gain in 2023 would be a recovery plan to balance...
Gov Adeleke insists on power devolution
Osun State Governor, Ademola Adeleke has advocated for a devolution of power and financing to the state governments as a means of finding lasting...
NGO seeks support to tackle hunger
A non-governmental organisation, Fame Educational Charity Foundation, has called for support in its mission to provide relief materials for the underprivileged amid the economic...
Nigeria’s headline inflation surges to 34.19% in June
Nigeria’s inflation rate increased to 34.19% in June 2024, according to data released by the National Bureau of Statistics on Monday, June 15, 2024.
This...
Naira weakens to 1,523/$ at official market
The naira depreciated at both the official and parallel markets on Monday.
At the official, Nigerian Autonomous Foreign Exchange Market, the naira dropped to 1,523.85...
Dangote fuel: Marketers fear high-priced petrol ahead of supply
As Premium Motor Spirit also known as petrol from the Dangote Petrochemical Refinery hits the local market in two to three weeks, petroleum marketers...
Tinubu’s interventions fail to tackle Nigeria’s economic hardship in H1 2024
President Bola Ahmed Tinubu’s interventions may have failed to ease the country’s worsening economic hardship in the first half of 2024 despite the government’s...
Price hike pushes Nigeria’s business activities into decline – Report
Business and economic activities in Nigeria declined to the lowest in June 2024 amid soaring prices of goods and services.
This is according to the...
Local palm oil production can save Nigeria $600m annually – NPPAN
The National Palm Produce Association of Nigeria has revealed that the country could save $600m annually by investing in palm oil production.
According to the...
Nigerians groan over worsening food inflation
Nigerian Muslims faithful joined their counterparts all over the world to celebrate Eid-El-Kabir.
The celebration came amid worsening economic hardship and rising food inflation.
Findings revealed...
Currency in circulation hits N3.97tn in May
The currency’s value in circulation has risen to N3.97tn at the end of May, representing an all-time high and a 1.07 per cent increase...
One Year Anniversary: N309 billion injected into economy – Agric Minister
Nigeria’s Minister of Agriculture and Food Security, Senator Abubakar Kyari, on Monday, disclosed that the ministry injected an estimated value of N309 billion into...
Obasanjo gives Tinubu solutions to economic woes in Nigeria
Former Nigeria President, Olusegun Obasanjo has told President Bola Ahmed Tinubu to ramp up activities around production and productivity to tackle Nigeria’s economic woes.
Obasanjo...
FG’s policies averted economic collapse – Shettima
Vice President Kashim Shettima on Thursday said President Bola Tinubu’s economic reforms of the past one year “saved the life of the nation”.
He described...
How to survive economic hardship
Despite not being in a state of recession, Nigeria is currently facing difficult economic challenges. The weakening of the naira, coupled with a high...
CBN seeks digital innovation to boost economic growth
The Central Bank of Nigeria has reiterated its commitment to digital innovation.
The Deputy Governor, Fiscal System Stability, Dr. Balla Bello, conveyed the bank’s strategic...
Naira appreciates to N1,000 per dollar at FX black market
The Naira appreciated to N1000 per US dollar as Monday’s foreign exchange market commenced.
A Bureau De Change operator, Mistila Dayyabu, disclosed.
According to the BDC...
Tinubu assures business community of resolve to salvage Nigeria’s economy
President Bola Bola Tinubu has assured the Nigeria Business Community, specifically those from the North, of his administration’s determination to salvage the country’s economy.
The...
Global warming to raise food prices, inflation- Study
Global warming and heatwaves are expected to further increase food prices and overall inflation across the world in the future.
This is according to new...
Naira appreciates to N1,382/dollar, Presidency cautions speculators
The naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the official market.
This came as...