Relocation of CBN Offices to Lagos Best for Nigeria - Sanusi Former Governor of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi has backed the planned relocation of some departments of the apex bank from Abuja to Lagos. He said it was right thing to do,...

Price of Rice Rises 81% in One Year, Onions Rise 123% - NBS The National Bureau of Statistics report has indicated that the price of 1 kilogram (Kg) of rice increased year-on-year, YoY, by 81 percent to N917.93 in December 2023 from N506.17 in the...

FIRS Eyes N19.4trn Revenue in 2024 The Federal Inland Revenue Service surpassed its 2023 revenue target by N816bn, a 107 per cent performance over the set goal and has set a target to collect N19.4 turn in tax this year. The Coordinating Director of Special Tax...

EFCC Probes Foreign Firms over $347bn Funds The Economic and Financial Crimes Commission is currently investigating at least $347bn fund allocated to companies in Nigeria between January 2014 and June 2023. Recent findings show that the anti-graft agency has expanded its investigation into forex allocation to...

Nigeria's Revenue Unremitted, Trapped in Commercial Banks – RMFAC Chair The Revenue Mobilization Allocation and Fiscal Commission has revealed that a significant amount of government revenue remains trapped in commercial banks, unremitted. The Chairman of RMFAC, Mohammed Shehu, stated this when he received the Controller General...

NNPCL, FG to Remit Dollar Revenue to CBN to Boost FX, Says Cardoso The Nigeria National Petroleum Corporation Limited and the Ministry of Finance have agreed to remit all their dollar revenues to the Central Bank of Nigeria, CBN, to boost the nation’s External Reserves...