The Senate gave its approval on Tuesday for the 2025–2027 Medium Term Expenditure Framework and Fiscal Strategy Paper submitted earlier by the President Bola Tinubu as he prepares to present the 2025 budget to the National Assembly this week. 

Forex Turnover in NAFEM Rises by 61% to $43bn   The volume of dollar traded (turnover) in the Nigerian Foreign Exchange Market (NAFEM) rose Year-on-Year (YoY) by 61.9 percent to $43.09 billion in the first eleven months of 2024 (11M’24) from...

Insurance Market’s Gross Premium Now N813.1bn   The insurance market recorded about N813.1billion in Gross Premium Written in Quarter 2, 2024, indicating a 47.4 per cent growth rate compared to the same period of the previous year and a 72.7 per...

FG Auditors Probe NNPCL’s N2.7trn Subsidy Refund Claim   The Office of the Auditor-General of the Federation has received the necessary and complete documents required to verify the N2.7 trillion fuel subsidy claim by the Nigerian National Petroleum Company Limited against...

Report Reveals Nigeria, Others Need $100/Barrel Oil to Balance Budgets   Emerging economies that produce oil, like Nigeria, Angola and Ecuador, need prices to be around $100 per barrel to balance their budgets, according to a report by Reuters on Monday. It...

No Provision Will Impoverish North in Tax Bills - Presidency   The presidency yesterday reacted to the controversy surrounding the four tax reform bills that had passed second reading in the Senate, but got stuck in the House of Representatives, where...