adminNet Forex Inflows Rises To $4692bn, Says CBN
Data from the Central Bank of Nigeria said the net foreign exchange (FX) inflows through the economy rose by 65.7 per cent year-on-year (YoY) to $46.92 billion in the first…
Again, Northern Elders Ask FG To Suspend Tax Reform Bills
The Northern Elders’ Forum (NEF) has again raised concerns over the Federal Government’s proposed Tax Reform Bills, urging immediate suspension of the implementation and calling for extensive dialogue with stakeholders.…
Why Yar’Adua cancelled Port Harcourt refinery sale – Falana
A Senior Advocate of Nigeria, Femi Falana, has claimed that former President Umaru Yar’Adua cancelled the sale of the Port Harcourt Refinery to a consortium led by business mogul, Aliko…
FG’s Deficit Spending Surges To N12.1tn — CBN
The Federal Government’s deficit spending surged by 28 per cent, Year-On-Year to N12.1 trillion in the first ten months of 2024. An analysis of data in the Central Bank of…
NNPC turned down Dangote’s $750m to manage Nigeria’s refineries – Obasanjo
Former President Olusegun Obasanjo has disclosed that the Nigerian National Petroleum Corporation (NNPC) rejected a $750 million offer from billionaire businessman Aliko Dangote. In an exclusive interview with Channels TV,…
FG’s borrowings drive up money supply 51% to N108.96 trn
Nigeria’s Broad Money Supply (M2) increased by 51 per cent Year-on-Year, YoY, to N108.96 trillion in November 2024 from N72.03 trillion in the corresponding period of 2023. Broad Money Supply…
Reforms: World Bank Releases $1.5bn To Nigeria After Subsidy Removal, Tax Bills
The World Bank has released a $1.5bn loan to Nigeria following the Federal Government’s implementation of a few of its economic reforms, including removing fuel subsidies and introducing tax policies.…
Tax reforms here to stay, says Tinubu
President Bola Tinubu has stated that his administration’s tax reforms have come to stay. The Nigerian leader stated this on Monday night while speaking during his first presidential media chat…
We Won’t Control Prices To Reduce Food Costs –Tinubu
The President has said he does not support price control as a means of bringing down food prices. Tinubu, who spoke on Monday during the presidential media chat, said the…
I have no regret removing fuel subsidy—Tinubu
President Bola Tinubu has reiterated that he has no regrets about removing the fuel subsidy, emphasising that the decision was necessary to secure Nigeria’s financial future. Speaking on Monday during…
Uzodimma allocates N20bn to livestock ministry —but education gets only N7bn in Imo 2025 budget
Imo State Governor, Senator Hope Uzodinma has presented a proposed budget estimate of 755.6 billion naira to the state House of Assembly for legislative consideration and approval. While presenting the…
Nigeria’s Economy Grew In Q3 2024, Says CBN
The economy grew by 3.46 per cent in Q32024, with output reaching ₦20.115 trillion, up from 3.19 per cent (₦18.285 trillion) in Q2 2024, driven mainly by the non-oil sector.…
Clark To Northern Govs: Stop Arrogance Of Power, Tax Reforms Must Go On
Elder statesman, Chief Edwin Clark, has faulted the pushback by the 19 northern governors against the tax reform bills introduced by President Bola Tinubu. “As far as I am concerned,…
NNPC says PH refinery has not shut down operations
The Nigerian National Petroleum Company (NNPC) Limited says the old Port Harcourt refinery has not shut down operations. Reports had made rounds that the refinery was nonfunctional months after a…
CBN Permits BDCs To Buy $25,000 Weekly To Meet Yuletide Demands
The Central Bank of Nigeria has granted temporary permission to Bureau de Change operators, to purchase up to $25,000 in foreign exchange weekly from the Nigerian Foreign Exchange Market, which…
