Dangote crashes Diesel price to N1,000 per litre
Dangote Refinery Plant In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from N1200 to N1,000 per litre. While rolling out the…
MPC raises MPR by 200 basis points
The Central Bank of Nigeria's Monetary Policy Committee (MPC) has increased the benchmark interest rate by 200 basis points to percent. This decision was made during the second MPC meeting…
How interest rate, Inflation, exchange rate will shape economic growth in 2024 -Augusto & Co
A Pan-African Credit Rating Agency Agusto & Co. identified three major economic variables that are likely to have an impact on Nigeria's growth in Gross Domestic Product (GDP) in 2024.…
Nigeria’s Inflation Rate Will Drop To 21% In 2024, Says Cardoso
Amid the rising prices of foodstuff and other commodities in the market, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has assured Nigerians that the nation’s inflation…
Nigeria Was On The Road To Economic Disaster Before May 29 – Edun
Wale Edun The Minister of Finance and Coordinating Minister of the Economy, Wale Edun believes the country is on the path to recovery, saying Nigeria was heading to economic disaster…
Volume Of Transactions In Exchange Market Hit $800m – Cardoso
CBN Governor, Olayemi Cardoso The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says that for the first time in a long while, Nigeria’s volume of transactions in…
LIRS Extends Deadline For Filing Of Annual Tax Returns To February
Kayode Ogunwale Executive Chairman of the Lagos State Internal Revenue Service, Mr Ayodele Subair Given the recent downtime experienced on the e-tax portal, the Lagos State Internal Revenue Service (LIRS)…
FX Backlog: CBN Concludes Payment of All Verified Claims By Airlines
The Central Bank of Nigeria (CBN), fulfilling its pledge to clear the backlog of foreign exchange owed to foreign airlines in the country, has concluded the payment of all verified…
CBN Releases $500m To Clear More Verified FX Liabilities Backlog
The Central Bank of Nigeria (CBN) has released US$500 million to various sectors to further address the backlog of verified foreign exchange transactions. This comes barely a week after the…
FIRS exceeds 2023 target, collects N12.374 trillion …Targets N19.4tr in 2024
Accountant-General of the Federation, Dr (Mrs) Oluwatoyin Madein; Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun; and the chairman, Federal Inland Revenue Service (FIRS), Dr Zacch…