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 ...
Tag: Finance
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 ...
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) ...
Banking on the Brink: Can Nigeria’s Top Banks Thrive Amid Digital Disruption in 2025?
The Nigerian banking sector in 2025 is facing a crucial turning point. It has grown significantly in recent years, with ...
NGX Transactions Drop by 12% to N442.34bn in November 2024 – Report
In November 2024, the Nigerian Exchange (NGX) experienced a 12.01% drop in total transactions, falling to N442.34 billion from N502.73 ...
FG Raises ₦211.144 Billion in December FGN Bond Auction
The Nigerian Federal Government collected ₦211.144 billion from its December 2024 bond sale, which is much less than the ₦346.155 ...
Ethereum Drops Below $3,400 Amid Market Slump
Ethereum (ETH), the second-biggest cryptocurrency by market value, has faced a major drop, falling below the $3,400 support level as ...
World Bank Suspends Loan Fees for Vulnerable Nations
The World Bank has announced the suspension of several loan fees to make borrowing more affordable for vulnerable countries. This ...
Net Forex Inflow Falls to $14bn in Q3 – CBN
The Central Bank of Nigeria (CBN) has announced that the total amount of foreign money coming into Nigeria's economy in ...
A Festive Period of Despair: Nigeria’s Economy in Ruins
The festive season in Nigeria, a time once filled with laughter, joy, and communal sharing, has turned into a bleak ...
VanEck CEO Predicts Bitcoin Could Reach $170,000 by 2025
Jan Van Eck, the CEO of VanEck, a $115 billion asset management firm, has projected that Bitcoin will continue its ...
Bitcoin Plummets to $95,000 as Market Reacts to Federal Reserve Rate Cut
The cryptocurrency market has dropped a lot after the United States Federal Reserve decided to lower interest rates by 0.25%. ...
Naira Holds Steady at N1,550/$ in Nigeria’s Foreign Exchange Market
The Nigerian naira maintained its resilience against the US dollar on Thursday, closing at N1,540/$ in the official market, a ...
Nigeria’s Fiscal Deficit Hits N7 Trillion as of Q3 2024
Nigeria’s fiscal deficit for the first nine months of 2024 stood at N7.05 trillion, as disclosed by President Bola Ahmed ...
World Bank Plans $1.65bn Loans for Nigeria in 2025
The World Bank plans to give Nigeria three major loan projects for Nigeria in 2025, totaling $1.65 billion. These loans ...
