Naira Appreciates, Sells for N1,600/$ at Parallel Market
Naira Appreciates, Sells for N1,600/$ at Parallel Market
The naira, on Monday, appreciated to N1,600 per dollar at the parallel section of the foreign exchange...
Financial Stocks Account for 41.7% of Total Turnover
Financial Stocks Account for 41.7% of Total Turnover
The financial services industry dominated in volume terms at the end of last week’s transactions on the...
Financial Inclusion: BoI Disburses $6.02m to Women-owned Businesses
Financial Inclusion: BoI Disburses $6.02m to Women-owned Businesses
The Bank of Industry (BoI) says in line with its support of gender equality and women financial...
CBN Targets Cryptocurrency To End Naira Depreciation
CBN Targets Cryptocurrency To End Naira Depreciation
In response to the Nigerian government's increasing scrutiny of crypto businesses, Binance, the world’s biggest cryptocurrency exchange, has...
States’ Internal Revenue Collection Rises N2trn, Says Adedeji
States’ Internal Revenue Collection Rises N2trn, Says Adedeji
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has revealed that states’ Inland...
Tax Crimes Commission Bill Passes Second Reading
Tax Crimes Commission Bill Passes Second Reading
The House of Representatives on Wednesday passed a bill seeking the establishment of the National Tax Crimes Commission...
FX crisis: Ex-CBN Deputy Governor Proposes $30bn IMF Stabilisation Fund
FX crisis: Ex-CBN Deputy Governor Proposes $30bn IMF Stabilisation Fund
Former deputy governor of the Central Bank of Nigeria (CBN) Kingsley Moghalu has proposed a...
Interest Rate Hike Will Contain Inflation, Pressure On Naira – IMF
Interest Rate Hike Will Contain Inflation, Pressure On Naira - IMF
The International Monetary Fund (IMF) says the decision by the monetary policy committee (MPC)...
N178bn Bad Debt: Reps Dismisses Allegation Against NPA
N178bn Bad Debt: Reps Dismisses Allegation Against NPA
The House of Representatives has exonerated the Managing Director of the Nigerian Ports Authority, Mohammed Bello-Koko of...
Egypt Acquires $35 billion UAE Investment Deal
Egypt Acquires $35 billion UAE Investment Deal
On Friday, Egypt revealed a $35 billion investment deal with the United Arab Emirates (UAE) to develop the...
Naira Plunges at NAFEM, Parallel Market
Naira Plunges at NAFEM, Parallel Market
The Naira value weakened by 1.9% or N28.73 against the United States Dollar on Thursday, February 22 on the...
Chainalysis: Cryptocurrency Money Laundering Drops By 29%
Chainalysis: Cryptocurrency Money Laundering Drops By 29%
A Chainalysis report states that money laundered through cryptocurrency exchanges declined by 29 per cent in 2023.
The report,...
CBN’s N22.7tr Overdraft to Govt will be Audited – Wale Edun
CBN’s N22.7tr Overdraft to Govt will be Audited – Wale Edun
The N22.7 trillion Ways and Means debt incurred by the Federal Government will be...
EU To Invest €37m In Nigeria’s Power Sector
EU To Invest €37m In Nigeria’s Power Sector
The European Union (EU) is set to invest €37 million in the power sector in Nigeria, in...
How Foreign Loans Make Up 59% Of $4bn Capital Importation
How Foreign Loans Make Up 59% Of $4bn Capital Importation
No less than 59.1 per cent of capital importation into the country in 2023, amounting...
Senate to FIRS: Suspend N17trn Tax Waivers
Senate to FIRS: Suspend N17trn Tax Waivers
The Senate through its Committee on Finance on Monday frowned at the N17tn loss incurred by the country...
N47bn Debt: CBN, Aso Villa, DHQ Face Disconnection
N47bn Debt: CBN, Aso Villa, DHQ Face Disconnection
No fewer than 86 ministries, agencies and departments of government are owing the Abuja Electricity Distribution Company...
Oil Market Rises As Dollar Weakens
Oil Market Rises As Dollar Weakens
On Thursday, the oil market rose after retail data in the United States prompted a sell-off in the Dollar,...
Equity Market Gains N329bn As Rally Extends
Equity Market Gains N329bn As Rally Extends
The Nigerian exchange has gained N329bn as it has managed to maintain its positive trading trend for the...
$6.2m Fraud: FG Seeks INTERPOL Support to Nab Alleged Perpetrators
$6.2m Fraud: FG Seeks INTERPOL Support to Nab Alleged Perpetrators
The special investigator appointed by President Bola Tinubu has requested the Interpol National Central Bureau...