Nigeria to Become World’s Fifth Largest Economy by 2075 – Report
Nigeria is on track to become a global economic powerhouse, according to a new report by global investment bank Goldman Sachs.
The investment bank forecasted Nigeria’s promotion to the world’s fifth largest economy by 2075...
85% of Nigerians Still Savouring Electricity Subsidies, Says Information Minister
In the face of public backlash against the recent electricity tariff hike for Band A customers in Nigeria, the Federal Government has revealed that a staggering 85% of citizens still enjoy electricity subsidies, despite the...
Why FIRS Generated N12.3trillion in 2023
The Chief Executive, Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, said the organisation witnessed remarkable revenue due to dedication in nurturing and empowering its workforce, and ensuring they possessed the skills, knowledge and tools necessary to excel.
Mr. Adedeji,...
ABCON Backs CBN on Non-eligibility of Non-export Dom Accounts as Collateral for Naira Loans
The Association of Bureau De Change Operators of Nigeria (ABCON) has expressed its support for the Central Bank of Nigeria (CBN)'s recent directive to cease the use of non-oil export domiciliary...
Naira Gains at Parallel Market, Exchanges for N1,150/$1
The value of the naira has strengthen at the parallel market on Thursday as the three-day public holiday was rounding up, selling around N1,150 to the dollar compared to N1,200 which it sold on Monday this week.
According...
Electricity Tariff May Drop If Exchange Rate Falls Below N1,000 – Adelabu
The Minister of Power, Adebayo Adelabu, says the N225 Kilowatt-Hour being paid by electricity consumers on Band A will reduce if the exchange rate falls below N1,000 to a dollar.
Adelabu said this Thursday...
