Cardoso’s First Year: Naira Rally, Stubborn Inflation, and Economic Challenges
Nigeria's Central Bank Governor, Olayemi Cardoso, has completed his first year in office. During this time, the naira has gotten ...
Tag: Finance
Nigeria’s VAT Collection Hits N1.78 Trillion in Q3 2024
In the third quarter of 2024, Nigeria's Value Added Tax (VAT) collection hit a new high of N1.78 trillion. This ...
Global Oil Prices Drop to $71 as Aramco Cuts Prices for Asia
The cost of global oil, measured by Brent crude futures, has dropped to $71 per barrel, staying under the important ...
Baby Dogecoin Surges 75% Following Elon Musk’s Subtle Endorsement
Baby Dogecoin, a member of the Dogecoin family, saw its price go up by more than 75% after people thought ...
The Naira’s Resurgence: A Beacon of Hope or a Fleeting Mirage?
The Nigerian economy has faced a lot of problems for several months, with the Naira having a hard time keeping ...
FG Releases N44 Billion for Pension Payment
The Federal Government has allocated N44 billion to cover the pension payments for retirees from various Ministries, Departments, and Agencies ...
Nigeria’s Trade Surplus Hits N5.81 Trillion in Q3 2024
Nigeria's trade surplus grew to N5.81 trillion in the third quarter of 2024, according to a report from the National ...
Naira Strengthens Against Dollar as Sellers Struggle to Find Buyers
The Nigerian naira has recorded a significant milestone, increasing quickly against the US dollar on the official Exchange Rate Futures ...
The Tax Reform Bills: A Double-Edged Sword for Nigeria’s Economy
The proposed tax reform bills in Nigeria have been causing a lot of discussion, with many people, including experts, talking ...
Nigerian Stock Market Records Significant Gains as All-Share Index Surpasses 98,000 Mark
On Wednesday, the Nigerian Stock Exchange (NSE) saw a significant increase in trading activity. The All-Share Index (ASI) rose by ...
Bitcoin surges to new all-time high, breaking $100,000 barrier
In a historic development, Bitcoin, the world's largest cryptocurrency, has gone past the very important $100,000 mark, reaching a new ...
CBN’s Rate Hike Boosts Finance and Insurance Sector’s GDP by 30.83%
Nigeria's finance and insurance industry has experienced significant growth, with a real increase in the country's total economic output of ...
Nigeria’s Tax Reforms: A Double-Edged Sword for Economic Growth
As Nigeria faces difficulties in growing its economy and developing, the government's new tax changes have caused a lot of ...
CBN Plans to Retire 1,000 Staff in Sweeping Workforce Reforms
The Central Bank of Nigeria (CBN) may retire up to 1,000 employees by December 31, 2024, as part of what ...
UBA Expands to France, Begins Full Banking Operations
United Bank for Africa (UBA) has begun full banking services in France as of November 30, 2024. This important step ...
