Global Stocks Surge to Record High on Hopes of New U.S. Trade Deals
Global equities continued their upward march Thursday, buoyed by hopes of further U.S. trade agreements following a recently sealed pact...
Oil Prices Edge Higher on U.S. Trade Optimism, Falling Inventories
Oil prices rose modestly on Thursday, buoyed by renewed optimism surrounding U.S. trade negotiations and a sharper-than-expected decline in U.S....
Nigeria Loses $15bn Annually to Profit Shifting, Tax Avoidance — Finance Minister
Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, has revealed that Nigeria loses approximately $15 billion...
CBN Holds Benchmark Interest Rate at 27.5% to Sustain Disinflation Momentum
The Central Bank of Nigeria (CBN) has decided to maintain all key monetary policy parameters, including the Monetary Policy Rate...
Eight Banks Surpass CBN’s Recapitalisation Target as MPC Retains Key Policy Rates
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has disclosed that eight deposit money banks have already...
NNPC Remits ₦6.96tn to Federation Account in Five Months, Posts ₦905bn June Profit
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has disclosed that it remitted a total of ₦6.96 trillion to the...
Nigeria Spends $600m Annually on Palm Oil Imports — Agriculture Minister
The Minister of Agriculture and Food Security, Abubakar Kyari, has disclosed that Nigeria spends over $600 million annually on palm...
Nigeria Loses $18bn Yearly to Illicit Financial Flows — FIRS Chairman
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has revealed that Nigeria loses $18 billion...
SEC Targets $500bn Unlock Through Commodities, Warehouse Receipts Reform
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has revealed plans to unlock $500 billion in...
Reps Expose Massive Misappropriation in MDAs, Demand Probe Into ₦103.8bn, $950k
The House of Representatives has indicted 31 federal Ministries, Departments, and Agencies (MDAs) over financial irregularities amounting to over ₦103.8...
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