IMTO Inflows Surge by 63.7% in Nine Months Amid CBN Reforms
The Central Bank of Nigeria (CBN) got a 63.7% increase in international money transfer operator (IMTO) inflows from January to ...
Tag: Finance
Weekly Market Wrap: ASI Hits N63 Trillion, Gains 1.42% as Insurance Stocks Rally
The Nigerian stock market ended the week on a positive trend, with the All-Share Index (ASI) increasing by 1.42% to ...
Nigeria’s Debt to Reach N187.8trn in 2025 Amid Rising Borrowing Costs
According to an investment firm report, Cardinalstone, Nigeria's debt stock is projected to escalate to N187.79 trillion again by 2025, ...
Corporate Tax, VAT Drive Federation Account to N6.86tn – CBN
The Central Bank of Nigeria (CBN) has reported a 7.48% increase in receipts into the federation account, which went up ...
Detty December 2024: How Nigerians Partied Through Inflation, a Weak Naira, and Chaos
Detty December has grown into something much bigger than just a holiday celebration. What began as a simple way to ...
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 ...
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 ...
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 ...
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 ...
