In-country Food Production Will Strengthen Exchange Rate, Tame Inflation - Edun   The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, yesterday argued that with adequate in-country food production, the current high inflation rate will be curbed considerably. Edun made the comment as the...

Higher Interest Rates Necessary to Control Inflation – Cardoso The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has defended the bank’s decision to raise the Monetary Policy Rate to 27.25 per cent, describing it as a necessary move to control inflation and...

Current Withholding Tax Regime Valid till December – FIRS The Federal Inland Revenue Service (FIRS) has said that the current Withholding Tax regime will remain effective until December 31, 2024. This is according to a public notice informing taxpayers, tax practitioners, and the general public about...

World Bank Okays Fresh N2.4trn Loan For Nigeria   The World Bank has announced the approval of $1.57 billion ( N2.4 trillion at N1601 to a dollar) to boost human capital in Nigeria through better health for women, children and adolescents. According to a statement by the...

Shettima Lauds DBN Over N787bn MSME Loans   The Vice President, Kashim Shettima, has lauded the Development Bank of Nigeria for its contributions to the growth of micro, small, and medium enterprises in Nigeria. In a statement made available to our correspondent on Sunday, Shettima commended the...

Credit to Govt Rises by N11trn in One Month   Credit to the government surged by over N11 trillion in the month of August 2024, as high interest rates make government securities more attractive to investors. This is according to the latest money and credit stats data...