The Alarming Truth About Foreign Aid in Nigeria
The most populous nation in Africa, Nigeria, has been overly reliant on foreign assistance. It has been decades of relying ...
Tag: Finance
Nigeria Set to Secure World Bank Approval for $1.5 Billion Loan Projects
Nigeria is nearing approval from the World Bank for three strategic loan schemes totaling $1.5 billion, designed to enhance the ...
National Pension Commission Reports Significant Growth In Pension Contribution
National Pension Commission (PenCom)'s report, "20 Years of Pension Reform: Gains, Challenges, Prospects," reveals significant growth in public and private ...
Access Holdings Announces Impressive Half-Year Financials, Profit Soars 108%
Access Holdings reported impressive mid-year financial results for June 30, 2024, marked by a pre-tax profit of N348.9 billion. This ...
Monetary Policy Committee To Meet Amidst Anticipation Of Rate Pause
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria will hold its meeting on Monday and Tuesday, September ...
Nigeria Records $2.35 Billion Monthly Net Inflow Into Foreign Reserve
According to Nigeria's Finance Minister and Coordinating Minister for Economy, Mr. Wale Edun, the country's foreign reserves increased significantly with ...
Nigerian Stock Market Extends Gains for Fourth Consecutive Day
The Nigerian All-Share Index (ASI) kept going up, ending Wednesday's trading day with a 0.56% increase, thanks to a strong ...
The Tax Dilemma: Can Nigeria Get it Right?
As Nigeria traverses its multifaceted economic terrain, taxation has evolved into a key determinant of the country’s fiscal prospects. In ...
Central Bank of Nigeria Warns of Risks to External Reserves
The Central Bank of Nigeria (CBN) has observed that by 2024/2025, the removal of fuel subsidies, lower import bills, and ...
Binance Sets Conditions For Registering With Nigeria’s SEC
In response to the SEC's regulatory frameworks requiring opening an office in Nigeria, cryptocurrency trading platform Binance has laid down ...
CBN Adopts Orthodox Monetary Policy Tools for 2025
The Central Bank of Nigeria (CBN) has decided to adopt orthodox monetary policy tools in 2025, shifting away from direct ...
Ethereum Hits 41-Month Low Against Bitcoin Amidst Significant Sell-offs
Ethereum collapsed to its lowest price against Bitcoin in forty-one months, representing a striking development within the cryptocurrency market. As ...
Okonjo-Iweala Seeks Second Term to Finish WTO ‘Unfinished Business
So, Ngozi Okonjo-Iweala wants another go at the helm of the World Trade Organization (WTO), and she's starting early. Really ...
Nigeria’s Inflation Rate Sees Second Consecutive Decline, Drops to 32.15% in August
The National Bureau of Statistics (NBS) has said that Nigeria's inflation rate stood at 32.15% in August, a second consecutive ...
Nigerian Naira Gains 4.8% Against the Dollar Following Bond Sale
After several months of freefall, the Nigerian naira has made a significant recovery, gaining 4.8% against the US dollar. This ...
