Naira Appreciates Across Markets on Jan 16 The naira strengthened against the U.S. dollar on Friday, January 16, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded at ₦1,480/$1 for buying and...

20 Banks Meet Capital Requirement Ahead of Recapitalisation Deadline   The Central Bank of Nigeria (CBN) has said that about 20 deposit money banks have already met the new capital requirements under the ongoing banking recapitalisation programme, as the apex bank shifts focus toward ensuring that...

Headline Inflation Eases to 15.15% in December 2025 – NBS  Nigeria closed 2025 with headline inflation easing to 15.15% in December, a sharp moderation from the 34.80% recorded in the corresponding period of 2024, according to data released by the *National Bureau of Statistics (NBS)...

FG Targets Revenue Expansion, Tax Compliance as 7.5% VAT Takes Effect on Mobile Transfers, USSD The Federal Government has announced the implementation of a 7.5 per cent Value Added Tax (VAT) on selected electronic banking services, citing the need to strengthen tax compliance, broaden the...

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has warned that the reforms will come with some pain, but it's a necessary step towards progress.

Sixty-two disengaged staff members of the Central Bank of Nigeria (CBN) have asked a national industrial court in Abuja to dismiss an application by the bank seeking to change the procedure of their lawsuit.