Nigeria’s Total FX Inflows Increase by 15.6%, Hit $1.43bn in November   The Central Bank of Nigeria’s (CBN) initiatives at increasing FX supply got a huge boost as data obtained from FMDQ at the weekend, revealed that total inflows into the Nigerian Autonomous Foreign Exchange Market...

Federal Allocations to NASS, Six Agencies Rise By 40% to N1.4trn   Federal allocations to lawmakers, judges, the Independent National Electoral Commission, and seven others is set to increase by 39.66 percent in 2024 to N1.38tn, an analysis of the 2024 budget proposal has shown. This is...

FIRS Grants Waivers on Tax Penalties, Issues Dec 31 Deadline   The Federal Inland Revenue Service (FIRS) has offered a complete waiver on penalties and interests for overdue taxes, contingent on full principal payment before December 31, 2023. This announcement was made through a statement issued by...

2024 Budget: Economic Recovery is Here, Says Tinubu   President Bola Tinubu has assured Nigerians that the nation’s recovery from economic challenges has come, saying the 2024 budget will set Nigeria on a transformative path towards economic growth and development. President Tinubu gave this assurance while the...

'Nigeria's Economic Crisis Due to Bad Governance'   Poor governance, themed by a vast array of issues including fiscal recklessness constitutes the major bane to Nigeria’s crisis-plagued economy, according to a new report by Nanyang Technology University’s Centre for African Studies. The 150-page report titled “Back to...

President Tinubu Seeks Fresh $8.699bn, €100m Loans   Barely one month after seeking approval for $7.8 billion and €100 million loans from the National Assembly, President Bola Ahmed Tinubu, again yesterday, asked for fresh foreign loans of $8.699 billion and €100 million. This was revealed in separate...