Business & Economy

In recent months, the Nigerian foreign exchange market has attracted substantial attention due to the proactive measures initiated by the Central Bank of Nigeria (CBN) under the stewardship of Yemi …

Dayo Mobereola’s first year as Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA) has been marked by transformative changes, strategic reforms and innovative partnerships. Appointed in March 2024, …

For years, oil marketers in Nigeria thrived on fuel price hikes, artificial scarcity, and cartel-like control over the downstream petroleum sector. But now that petrol prices are dropping, they are …

Nigeria’s economy is currently navigating through a landscape marked by numerous challenges. At the forefront of addressing these issues is the Central Bank of Nigeria (CBN), which has taken on …

In a strategic move reflecting confidence and stability, the Central Bank of Nigeria (CBN) has chosen to maintain the monetary policy rate at 27.50%. This decision underscores the bank’s commitment …

It was an audacious move when President Bola Ahmed Tinubu transmitted four tax reform bills to the National Assembly on October 3, 2024. The Tax Reform Bills include: Nigeria Tax …

The launch of the Nigeria Foreign Exchange Code (FX Code) marks a significant milestone in the country’s journey towards a more transparent and accountable foreign exchange market. This landmark initiative …

As we navigate the complex and evolving economic landscape, the Central Bank of Nigeria’s commitment to improving communication, fostering dialogue, and collaborating on critical issues shaping monetary policy is more …

In 2024, the Central Bank of Nigeria (CBN) experienced a pivotal transformation under the innovative leadership of Governor Yemi Cardoso. Faced with a myriad of economic challenges that have hindered …

The Year 2024 has been flogged to death! With 2025 now underway, it’s clear that this year will be crucial for Nigeria and Nigerians. To ensure a game-changing year, the …

By Stephen K. Dieseruvwe Delta State being an oil producing state in Nigeria receives from the 13 per cent derivation fund as a benefit transfer scheme as stipulated in Section …

The Central Bank of Nigeria (CBN) announced a significant yet nuanced rise in the Monetary Policy Rate (MPR) by 25 basis points, elevating it from 27.25% to 27.50%. While this …

The International Financial Inclusion Conference (IFIC) 2024 took place on November 12–13 in Lagos, Nigeria, assembling global stakeholders to delve into the transformative potential of financial inclusion. Focusing on the …

The International Financial Inclusion Conference (IFIC) 2024 took place on November 12–13 in Lagos, Nigeria, assembling global stakeholders to delve into the transformative potential of financial inclusion. Focusing on the …

Under its current management, the Central Bank of Nigeria (CBN) has launched a series of robust initiatives to fortify Nigeria’s foreign exchange (forex) reserves and enhance confidence in the naira, …

Nigeria’s tax reform is underway with four Executive Bills currently before the National Assembly. These bills are the ‘Nigeria Tax Bill’, which replaces existing tax law with a modern framework; …