Emefiele Says Nigeria’s Inflation May Drop To Below 15% Next Year   The Central Bank of Nigeria is targeting a drop in the country’s inflation rate to less than 15 per cent by end-2023. The governor of the apex bank, Godwin Emefiele,...

NNPC, NIPCO, Lekki Free Zone Sign Gas Deal   The Nigeria National Petroleum Company Ltd and NIPCO Gas Limited have penned their signature on a gas infrastructure agreement with the Lekki Free Trade Zone Development Company. According to the companies, the agreement...

Report Reveals Nigerians Paid N2trn Indirect Taxes In Nine Months   Amid an economic downturn and rising inflation, the tax burden on Nigerians in the first nine months of 2022 increased by N285.13bn. This is as Nigerians paid N2.01tn in indirect taxes...

Amid Fiscal Risks, Fed Govt Borrows N24trn From CBN   The Federal Government has borrowed N6.31tn from the Central Bank of Nigeria through Ways and Means Advances in 10 months. This has pushed the Federal Government’s borrowing from the CBN from N17.46tn...

In Five Days, Investors Staked N15.3bn On Equities   At the close of transactions last week, a turnover of 711.6 million shares worth N15.3 billion was recorded in 16,662 deals on the floor of the Nigerian Exchange Limited (NGX). This volume of...

Annual UK-study Expenses Now $2.5bn Amid Forex Scarcity   The Governor, Central Bank of Nigeria, Godwin Emefiele, has said annual foreign exchange outflow on study-related to the UK has hit to about $2.5bn as visa applications increased. He also said the official...