Credit To Private Sector Increased To N43.07trn In Q1, 2023   Despite economic challenges, political tensions, fuel and naira shortages that slowed down business activities in Q1 2023, credit to the private sector hreached an all-time high of N43.07 trillion, with...

SAHCO, NAHCO, Customs Dispute 100% Cargo Handling Increment   There seems to be a dispute between the Nigerian Aviation Handling Company(NAHCO), Skyway Aviation Handling Company (SAHCO) and the Association of Nigerian Licensed Customs Agents (ANLCA) Murtala Muhammed International Airport Ikeja, over...

Stock Market Depreciated By N1.01trn In April   The stock market of the Nigerian Exchange Limited (NGX) depreciated by N1.01trillion or per cent in April 2023 amid impressive 2022 financial year corporate earnings and dividend payout to shareholders by listed companies. Although...

DMO Defends $13bn Indebtedness To World Bank   The Debt Management Office, DMO, has said that Nigeria’s $13.46 billion World Bank loan is a plus because the loans which came from the international Development Association (IDA) and the International Bank for...

Fed Govt Dumps 5% Telecom Tax Waiver   The Federal Government is reportedly set to proceed with its implementation of a five per cent excise duty tax on mobile telephone services, fixed telephone, and Internet services. This is despite a recent communication...

No Plan to Phase out Redesigned Naira Notes - CBN   The Central Bank of Nigeria (CBN) said no plans to phase out the redesigned Naira notes from circulation. CBN’s Acting Director, Corporate Communications Department, Isa AbdulMumin, made this known in a...