The Central Bank of Nigeria (CBN) has reported a significant 39% increase in inflows through International Money Transfer Operators (IMTOs)…
Browsing: Economy
President Bola Tinubu has written to the Nigerian Senate seeking to increase the 2024 appropriation act by N6.2 trillion, raising…
The Economic Community of West African States (ECOWAS) is moving forward with its plan to introduce a single currency,called the…
Nigeria can significantly increase its revenue without imposing new taxes, according to Taiwo Oyedele, Chairman of the Presidential Fiscal Policy…
The Debt Management Office (DMO) has clarified that Nigeria’s fresh borrowing in the first quarter of 2024 amounted to N7.71…
Nigeria recorded a total foreign exchange (FX) inflow of approximately $24 billion in the first quarter of 2024, according to…
Nigerians’ borrowing from banks soared to N3.82 trillion in January 2024, reflecting the impact of rising inflation and challenging economic…
Nigeria’s foreign exchange reserves have increased by 5 percent to $33.58 billion over the past two months, according to the…
The federal government has approached the World Bank for a $500 million loan to improve rural roads, enhance access to…
In its June 2024 meeting, the Federation Accounts Allocation Committee (FAAC) allocated N1.143 trillion among the Federal Government, States, and…
Nigeria’s foreign exchange reserve has rebounded to $32.8 billion, marking a positive shift after a 10-week decline that saw…
Billions of dollars’ worth of gold is smuggled out of Africa each year, much of it bound for Dubai before…