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 ...
Tag: Finance
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 ...
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%. ...
