Financial

Senate Pushes 2022 Budget Implementation To June   The Senate yesterday extended the implementation of the capital component of the 2022 budget from 31st March, 2023...

Ministers, Firms to Account for Over $2.4bn Oil Sale - Reps The House of Representatives’ will on April 11, 2023, grill ministers and other heads...

Despite Acceptance of Old Notes, Crowd Overwhelm Banking Halls The CBN had earlier instructed commercial banks to immediately collect the old naira notes, deposited at...

Naira Redesign: Reps Urge CBN to Revamp e-banking Platforms The House of Representatives has urged the Central Bank of Nigeria to direct banks to immediately...

FG Announces Removal Of 5% Tax On Calls, Data   The Federal Government has announced the removal of its proposed five per cent excise duty on...

FG Loses Suit To Recover N70trn Loot Over Poor Prosecution   Justice Peter Lifu of the Federal High Court in Lagos has struck out the Federal...

BREAKING: CBN Increases Interest Rate to 18 Percent, Says Nigeria Banks Healthy   The Monetary policy Committee (MPC) of the Central Bank of Nigeria (CBN) has...

Cash Crunch: E-bills Payment Falls by 44% Amidst Cashless Policy – NIBSS The Nigeria Inter-Bank Settlement System recent report has indicated a fall in the...

PRNigeria Fact-Check Reveals Identity of Abia Assembly's Member-Elect, Anthony Abiola A newly-elected lawmaker in the Abia State House of Assembly, Hon. Anthony Chinasa-Abiola, is not...

Buhari's Reign: FG Rakes In N10trn VAT in 8 Years – NBS The Federal Government has raked in N10.1tn from the collection of Value Added...

Naira, Fuel Scarcity: 24.8m Nigerians Projected to Face Hardship- Report No fewer than 28.4 million Nigerians in 26 states and the Federal Capital Territory, including...

New Notes Dry up as Old Cash Circulation Improves Currency circulation has improved in major cities across Nigeria following the third day full implementation of...

IBB Never Disapproved of Tinubu's Victory - PRNigeria Fact-check Reveals   By Kabir Abdulsalam A PRNigeria fack-check has exposed as fake news a statement credited to former...

Cash Crunch: Nigeria’s inflation Rises to 21.82%  The National Bureau of Statistics (NBS), Consumer Price Index (CPI) report has showed that Inflation rose to 21.82...

Islamic Banking: Metropolitan Law Firm roll out an endowment fund for indigent Nigerians The Metropolitan Law Firm has launched an endowment fund under the Islamic...

Old N200, N500, and N1,000 Bank Notes Remain Legal Tender - CBN In compliance with the established tradition of obedience to court orders and sustenance...

Cash Crunch: Governors Give Emefiele, Malami Tuesday Ultimatum To Obey Supreme Court   State governments, which sued the Federal Government on the naira redesign policy, have...

Pension Investments In FGN Securities Rise To N9.64trn   Pension Fund Administrators have increased the value of investments in FGN Securities from N9.19 trillion as at...

Oil Products Import Decline To N1.87trn In Q4, 2022   The National Bureau of Statistics (NBS) has said oil products imports dipped from N2.29trillion in the...

Report Reveals Economy Lost N20trn On CBN’s 70% Cash Mop-up   Nigeria’s economy is grinding to a halt and has lost about N20tn following the over...