HomeBusiness

Business

Nigeria Did Not Request For Loan – IMF

The International Monetary Fund (IMF) has disclosed that the Nigerian federal government has not requested a loan. 

Air Peace to Increase Fares on Local Routes by 100% from November 1

Air Peace to Increase Fares on Local Routes by 100% from November 1 Air Peace, Nigeria’s flag carrier, says it will increase airfares on local routes from November 1. According to an internal memo, the airline said it would increase fares on the route by 100...

Old Naira Notes to Circulate Indefinitely

Old Naira Notes to Circulate Indefinitely The Central Bank of Nigeria (CBN) says Nigerians should disregard claims that the old naira notes will cease to be legal tender on December 31, 2024. In a statement on X on Thursday, Sidi Ali Hakama, acting director, corporate communications,...

Pantami Advocates for AI in Conflict Resolution and Peace-Building

Pantami Advocates for AI in Conflict Resolution and Peace-Building Artificial Intelligence (AI) has the potential to play a transformative role in conflict resolution and peace-building initiatives, according to Professor Ali Isa Pantami, a leading authority on digital technology and former Minister of Communication and Digital...

FG Confirms Plan to Raise VAT on ‘Luxury Goods’ by 2.5%

FG Confirms Plan to Raise VAT on 'Luxury Goods' by 2.5% The Federal Government has confirmed plans to raise the Value Added Tax (VAT) rate. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this while speaking at an investor meeting during the...

Foreign Reserves Hit $40.2bn in October – CBN

Foreign Reserves Hit $40.2bn in October – CBN The Central Bank governor, Olayemi Cardoso, says Nigeria’s foreign reserves hit $40.2 billion in October 2024 from $38.4 billion reported in September. This was disclosed during an investors’ meeting in Washington DC, the United States, on Wednesday. Also at...