CBN Slashes Customs Duty Exchange Rate as Naira Strengthens
In response to the strengthening of the naira in the official foreign exchange window, the Central Bank of Nigeria (CBN)...
Nigeria’s Agricultural Investment Plummets 94% to 8-Year Low Amid Persistent Challenges
Investment in Nigeria's agricultural sector has witnessed a staggering 94% decline in the fourth quarter, reaching an alarming eight-year low....
Central Bank of Nigeria Issues Comprehensive Reversed Regulatory and Supervisory Guidelines for Bureau De Change Operations
...Stricter Regulations and Defined Boundaries Set to Govern BDC Activities In a significant move to tighten oversight and streamline operations...
LCCI Responds to Federal Government’s Plan to Establish a National Commodity Board
The Lagos Chamber of Commerce and Industry (LCCI) has issued a response to the recent announcement by the Federal Government...
Revaluation of Dollar-Denominated Loans Triggers Drop in Nigerian Banking Sector’s Solvency
The Central Bank of Nigeria (CBN) Financial Stability Report (FSR) for the first half of 2023 reveals that the solvency...
Nigerian Government Records N2.07 Trillion in January Revenue, Allocates N1.15 Trillion
The Federation Allocation Accounts Committee (FAAC) has announced that the total revenue accruing to the Nigerian government reached N2.07 trillion...
Air Peace Unveils Special Fares for Nigerian Students on Upcoming Lagos-London Flight Set to begin in March
Nigeria's leading carrier, Air Peace Limited, has announced its plan to introduce special fares for Nigerian students studying in the...
South Africa Targets Gold and Currency Reserves in Unusual Move to Manage Debt Ahead of Elections
South Africa's Finance Minister, Enoch Godongwana, has announced an unusual decision to use a third of the country's gold and...
Bank Credit to Private Sector Surges to N76.94 Trillion in January 2024
In January 2024, bank credit to the private sector in Nigeria surged to N76.94 trillion, marking an impressive increase of...
NARTO resumes petrol lifting as FG, Fuel Marketers Reach Consensus on Petrol Freight Charges
In a significant development aimed at stabilizing the fuel supply chain in Nigeria, the Federal Government, together with key stakeholders...
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