Finance & Economy
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CBN is still short of the amount needed to clear forex backlog – Fitch Ratings
Credit ratings agency Fitch stated on Thursday that the CBN continues to face a shortage of foreign exchange to clear the…
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2024 Economic Outlook: Bismark Rewane Harps on Sequential Policy Reforms for Nigeria’s Economic Stability
Nigeria’s fiscal and monetary policy reforms must be sequenced to achieve economic stability in 2024 and beyond. This will require…
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With Naira Sinking, Nigeria in Talks for Up to $1.5 Billion of Aid
Nigeria may also issue eurobond in late 2024: finance minister Country’s economic reforms deserve support, Wale Edun says Nigeria is…
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Access Holdings Plc Obtains CBN’s Approval-in-Principle to Establish a Consumer Lending Subsidiary
Access Holdings Plc is pleased to inform that it has obtained the Central Bank of Nigeria’s approval-in-principle to establish a…
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CBN Tackles FX Transactions Abuses in Clearing Liabilities Backlog
to continue settlement of verified FX backlog The Central Bank of Nigeria (CBN), in its bid to clear the backlog…
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Nigeria’s 2023 Inflation Hits 28.92%N
By global standards, Nigeria’s inflation rate is an economic wrecking ball. While Europe and the United States of America (USA)…
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Gross Official Reserves Declined by USD4.2bn in 2023
According to the data published by the CBN, Nigeria’s gross official reserves decreased by USD91.6m to USD32.9bn in Dec ’23.…
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Investors Gained N1.82trn as NGXASI Advanced by 3.39%; BDC Rate Depreciated to N1,320/USD
. EQUITIES MARKET 1.1 NGX – Listed Equities The Nigerian stock market closed higher by 3,329.48 points, ending the day with a positive market…
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FIRS to boost tax revenue collection by 57% in 2024
The Federal Inland Revenue Service (FIRS) has revealed plans to significantly increase its tax revenue collection by 57% to N19.4…
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Nigeria lost N5trn to tax holidays granted 34 companies – Report
The Oxfam in Nigeria, Civil Society Legislative Advocacy Centre (CISLAC) and Connected Development (CODE) have said that Nigeria lost approximately…
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