Fed Govt To Partner CBN, SEC On National Savings Scheme   The Minister of Finance, Budget and National Planning, Zainab Ahmed on Tuesday received the National Savings Scheme Report from the Working Group, with a pledge to collaborate with stakeholders in implementing the recommendations. The working group...

IMF To Nigeria: End fuel subsidies, Ignore Protests With controversy swirling around Nigeria's fuel subsidies, the International Monetary Fund (IMF) asserts that removing fuel subsidies will be the only solution to the country's economic recovery. The Executive Directors of the World Economic Outlook report recommended that...

Nigeria's Fuel Crisis Worsens With Oil Prices Dropping Friday , 18-02-2022's oil price drop came as fuel scarcity continues to plague Nigeria, West Africa's largest economy. After climbing to $92.94 on Thursday, Brent crude future fell 1.52 percent to $91.46 at 10:30 AM Nigerian Time. According...

Nigerian Insurance Sector Rebounds, Records 8.01% Annual Growth   The Nigerian insurance industry grew by 8.01 per cent in 2021, compared to a negative growth rate of 13.29 per cent in 2020, figures obtained from the National Bureau of Statistics have shown. The NBS, in its Gross...

Fresh Crisis Looms Over Stamp Duties Collection   There are indications that a fresh crisis may occur between the federal government and a trade union over which is responsible for the collection of stamp duties between the Federal Inland Revenue Service (FIRS) and the Nigerian Postal...

FG Saved Over $10bn From Stoppage Of Illegal Maritime Activities   The Federal Government saved over $10billion on illegal maritime activities between September 2021 and January, this year, a senior official of the Federal Ministry of Finance (FMoF) has said. The source, who craved anonymity, told The...