The Central Bank of Nigeria has said that it recorded an inflow of over $1.5bn into the economy over the past few days, indicating that its monetary policy efforts are working positively. The bank’s...

Nigeria’s solid mineral sector is set to undergo a significant transformation as the government plans to grant mining licenses to local companies only. This move marks a departure from the country’s long-standing practice of...

Against the backdrop of a sustained appreciation of Naira against the Dollar, the Federal Government, FG, seems to have gained control of developments in the foreign exchange market. The local currency, yesterday, appreciated to...

In its efforts to revive the country’s economy, two committees for ensuring comprehensive coordination and implementation of the Federal Government’s plan were yesterday set up by President Bola Ahmed Tinubu. They are the Presidential...

The hike in Nigeria’s Monetary Policy Rate, also known as interest rate, from 22.75 per cent to 24.75 per cent by the Central Bank of Nigeria will further accelerate the country’s inflation and lead...

The Federal Inland Revenue Service (FIRS) has filed criminal charges against Binance, a leading cryptocurrency exchange platform. The lawsuit, filed at the Federal High Court in Abuja under case number FHC/ABJ/CR/115/2024, accuses Binance of...

Despite huge potentials in agriculture, mining and water resources, many states in the country have continued to record low internally generated revenue (IGR). Most of the states have also continued to depend on federal...

The National Bureau of Statistics (NBS) said the headline inflation rate increased year-on-year (YoY) by 1.8 percentage points to 31.7 per cent in February 2024 from 29.9 per cent in January 2024. This represents...

The World Trade Organisation (WTO) has inaugurated a 1.2 million-dollar programme to improve export standards of Nigeria’s sesame and cowpea products. The WTO Director-General, Dr Ngozi Okonjo-Iweala, said this at the launch of the...

The Central Bank of Nigeria (CBN) has issued a warning message to Nigeria and other West African nations regarding trends in borrowing practices. Traditionally, nations often relied on loans from the Paris Club, a...