Naira Falls Again to N645 Per Dollar The Nigerian currency has sunk to a new low, exchanging for N645 against the U.S. dollar in the parallel market. Data from Aboki Forex, revealed that the naira, which traded for N620 against the dollar on Monday and N630...

Electricity: Senate Passes Bill To Boost Power Distribution   The Senate, on Wednesday, passed the Electricity Bill 2022. The bill’s passage was sequel to the consideration of a report by the Committee on Power. Chairman of the Committee, Senator Gabriel Suswam (PDP, Benue North East), in his...

AfDB Board Okays Over $1bn For Emergency Food Production Plan   The African Development Bank (AfDB) Group’s Board of Directors has approved 24, fast-track programmes to help the continent mitigate rising food prices and inflation caused by Russia’s war in Ukraine, climate change and the Covid-19...

$10bn Spent Annually On Education, Medical Tourism - Emefiele   The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele yesterday said $10 billion is spent annually on medical and education tourism. Speaking during the Monetary Policy Committee (MPC) meeting in Lagos, he said education and health sectors...

CBN Raises Interest Rate to 14% as Inflation Hits 18.6% The Monetary Policy Committee of the Central Bank of Nigeria has increase the benchmark interest rate (monetary policy rate) from 13% to 14%. This was disclosed by the Governor of the CBN, Godwin Emefiele, while reading...

EFCC, NASS, MDAs Fail To Remit Taxes - Oyedele The Fiscal Policy Partner and Africa Tax Leader at PwC, Taiwo Oyedele, has revealed that Ministries, Departments and Agencies (MDAs) of government do not remit withholding tax to government. Oyedele disclosed this at the Nairametrics Economic Outlook webinar,...