Business & Finance
Global Oil Prices Edge Higher to $74.80/Barrel on First Trading Day of 2025
There was a slight increase in the international price of oil yesterday, the first day of trading in 2025, as...
Naira Defies CBN’s Forex Reforms, Tumbles 41% in 2024
In 2024, the Nigerian naira lost a lot of its value, even though the Central Bank of Nigeria (CBN) tried...
Asia’s Factories End 2024 on Weak Note Amid Trump-Era Trade Risks
Asia's manufacturing industry ended 2024 with weaker results. Worries about trade conflicts and China's struggling economy have raised doubts about...
Dollar, Euro and Pounds To Naira Exchange Rate For Today, January 2 2025
As of today, January 2 in Lagos, Abuja and Kano, here are the exchange rates for the Nigerian Naira (NGN)...
Can Nigeria Craft a Tax System That Balances Fairness with Growth in 2025?
Taxation in Nigeria seems to exist in two different realities: one where the wealthy and city dwellers pay taxes reluctantly,...
CBN, SEC Approve FCMB Group’s N147 Billion Rights Offer
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have given their approval for FCMB Group’s...
World Bank Approves $1.5 Billion Loan to Nigeria Following Fuel Subsidy Removal and Tax Reforms
The World Bank has given Nigeria a $1.5 billion loan as part of the RESET Development Policy Financing program, which...
Warri Refinery Resumes Operations After Long Delay
After much anticipation, the 125,000 barrels per day Warri Refining & Petrochemicals Company (WRPC) in Warri, Delta State, has officially...
Proposed VAT Reform to Cut Manufacturing Costs by 3.3%
The proposed VAT reform in Nigeria could actually reduce manufacturing costs, contrary to what many are likely thinking. While the...
Telecom Operators Warn of Imminent Service Disruptions Amid Rising Costs
Telecom companies in Nigeria have expressed worries over escalating operational costs. They warned that there will likely be service interruptions...
World Bank Disburses $1.5 Billion Loan to Nigeria: A Step Towards Economic Transformation?
The World Bank’s disbursement of a $1.5 billion loan to Nigeria marks a significant moment in the country’s economic reform...
Dollar, Euro and Pounds To Naira Exchange Rate For Today, December 30 2024
As of today, December 30 in Lagos, Abuja and Kano, here are the exchange rates for the Nigerian Naira (NGN)...
Nigerian Stock Market Gains 0.99% as Insurance Stocks Shine
The Nigerian stock market finished the week on December 27, 2024, on a positive note, with the All-Share Index (ASI)...
NCC Tariff Hike Triggers Starlink Price Increase
The Nigerian Communications Commission (NCC) is expected to authorise an increase in telecom operators’ tariffs, prompting satellite internet provider Starlink...
Nigeria and Other Developing Nations Lose Investments Due to Inefficiencies – World Bank
The World Bank has pointed out that poor management of public funds is causing big problems for developing countries, including...
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