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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Nigerians want banks to dispense N100, N50 notes

Nigerians want banks to dispense N100, N50 notes

Polaris Bank explains easy conversion of dollars to naira

Polaris Bank, one of Nigeria’s new generation banks, has outlined steps for converting dollars to naira at customers’ convenience.

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 Naira loses marginally, exchanges N461.50 to dollar

Nigerian currency' the Naira is being exchanged at N461.50 to the dollar at the Investors and Exporters window.
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