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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MAN Says Counterfeit Products Threat To Nigeria’s Economy

The Manufacturers Association of Nigeria (MAN) on Thursday in Ilorin says the inestimable damage caused by the menace of counterfeit products poses graveous threat to the country’s economy.

CBN Redesigns Naira, Begins Circulation Dec. 15

As means of checking serial abuse of the naira, the Central Bank of Nigeria (CBN) has concluded plans to redesign certain denominations of the currency.

Why CBN appoints new executives for Union, Keystone, Polaris Banks

The Central Bank of Nigeria (CBN) on Wednesday in a terse statement announced the dissolution of the boards and management of Union, Keystone and Polaris Banks.

Tinubu suspends Godwin Emefiele as CBN Governor

In his determination to turn Nigeria's ailing economy around, President Bola Tinubu has suspended Godwin Emefiele as the Central Bank of Nigeria (CBN) governor. 

Why 1,368 BDCs to get $20,000 CBN FX intervention

About 1368 eligible Bureau De Change (BDC) Operators in Abuja, Awka, Kano and Lagos are set to benefit from the 20,000 dollars weekly FX...

In 6 months Nigeria will save N2trn from subsidy removal – World Bank

World Bank says the Federal Government will save N2 trillion in the remaining six months of 2023 with the removal of petrol subsidy and over N11 trillion by 2025.
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