Finance

Between IMF’s prescription to boost revenue and profligacy

By Obike Ukoh The suggestion by the International Monetary Fund (IMF), to the Federal Government to impose more taxes as a way of raising revenue was greeted with public outrage. Citizens...

Naira to Dollar exchange rate for June 3, 2026

The latest available official data from the Central Bank of Nigeria (CBN) showed that the naira traded approximately...

Breaking: Nigeria remains World Bank’s third-largest borrower with $18.5bn

Nigeria has retained its position as the third-largest borrower from the World Bank’s International Development Association (IDA), even...

Nigerian Senate moves to regulate Opay, Palmpay, Money…

The Nigerian Senate on Friday moved to regulate Opay, Palmpay, Moniepoint, following an alarm raised by Senator Adams...

IFAD-VCDP in Ebonyi proposes N5.17b budget for 2026

Abakaliki, Nigeria - The International Fund for Agricultural Development (IFAD) assisted Value Chain Development Programme (VCDP) has proposed...
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Why Nigeria’s inflation hits 26.72% in September

The Nigerian Bureau of Statistics on Monday, announced the rise of the nation’s annual inflation to 26.72% in September from 25.8% in August.

CBN did not authorise any bank to collect N500, N1000 old note

The Central Bank of Nigeria has debunked false media report that it authorised commercial banks to collect old N500, N1000 notes.

FG shares N1.13trn December 2023 revenue to states, LGAs

The Federation Account Allocation Committee (FAAC) says it shared N1.13 trillion among the three tiers of government as revenue in December 2023. The total figure...

NIDCOM hails Tinubu’s administration, CBN on naira payout policy

Hon. Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission (NIDCOM) has commended the new payout policy of the Central Bank of Nigeria (CBN) as a boost to diaspora remittances.

Why Nigeria’s Minister of Finance Wale Edun travelled to UK

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reportedly travelled to the United Kingdom for medical treatment. This development comes...

Sterling bank commits N1 billion to Agro-innovators for ASA 2023

Sterling bank says it is commiting one billion naira to agro-innovators at the forthcoming Agric Summit Africa (ASA) holding in Nov. 8 in Lagos.
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