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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Banks’ credits to private sector rise by 66% to…

Nigerian banks have created about N30 trillion in new loans and supports for the private sector in a sustained efforts that have seen the...

Again naira appreciates against U.S dollar on I&E window

Again naira appreciates against U.S dollar on I&E window

EFCC Hails CBN’s Move To clampdown On Currency Hoarders

The Economic and Financial Crimes Commission (EFCC) has applauded the move by the Central Bank of Nigeria (CBN) to redesign and reissue higher denominations of the Nigerian currency, the Naira.

Why CIBN supports Tinubu on exchange rate unification

The Chartered Institute of Bankers of Nigeria (CIBN) has commended President Bola Tinubu for unifying the Naira exchange rate to save the country from financial crisis.

N54.2 trillion budget: Peter Obi tasks government on transparency

Peter Obi, former presidential candidate and ex-Governor of Anambra State, raised concerns about the lack of transparency in the N54.2 trillion national budget for...

Why IMF releases $7.5 bn loan for Argentina

The International Monetary Fund (IMF) says it has released a loan tranche of $7.5 billion for Argentina, in a deal that took four months to negotiate.
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