CBN Clarifies Validity of Old Naira Notes, Dismisses December 31 Deadline   The Central Bank of Nigeria (CBN) has observed the misinformation regarding the validity of the old #1000, #500, and #200 banknotes currently in circulation. In line with the Bank’s previous clarifications and to offer further...

Fact-Check: No Inheritance Tax in Tinubu's Tax Reform Bill, Says PRNigeria PRNigeria has debunked claims that inheritance tax has been introduced into President Bola Ahmed Tinubu’s Tax Reform Bill to target Muslims. The assertion, which gained traction on social media platforms, particularly WhatsApp, was based...

Nigeria’s Money supply Jumps 48% to N107.7trn in 2024 - CBN Nigeria’s broad Money Supply (M²) increased by 48.3 percent year-on-year, YoY, to N107.7 trillion in October 2024, from N72.6 trillion in the corresponding period of 2023. According to the Central Bank of Nigeria, CBN, Money...

Oil Production Rises 9%, Hits 1.7mbpd in 2024 - FG The Federal Government says Nigeria’s oil production, including condensates, jumped by 9.9 per cent to 1.69 million barrels per day in November 2024, up from 1.538mbpd recorded in October 2024 According to the latest data released...

NGX Sustains Gain of N184bn in One Week The Nigerian Stock Exchange closed with a market capitalisation of N59.7tn on Wednesday, reflecting a gain of N184bn in total market value. In terms of market indices, the All-Share Index gained 0.31 per cent, closing at 98,509.68 points....

Tax Reform: Nigerians pay N1.5trn Despite N15trn Generated Income - Oyedele The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms in Nigeria, Dr. Taiwo Oyedele, has said that personal income tax revenue amounted to just N1.5trn, despite declared incomes totalling N15trn by...