All eyes on MPC to strengthen naira
Naira’s troubles will be significantly tackled when the Central Bank of Nigeria (CBN)-led Monetary Policy Committee (MPC) meets later this…
CBN fixes $1m as capital requirements for international money transfer operators
The Central Bank of Nigeria (CBN) has fixed $1m as the minimum share capital requirement for International Money Transfer Operators…
Nigeria’s inflation rate to drop to 23% in 2024, 15.5% in 2025 – IMF
The International Monetary Fund (IMF) has predicted a decline in Nigeria’s inflation rate to 23 percent in 2024 and 15.5…
FG targets 77% increase in IGR to fund projects, others
The Federal Government has said it is working towards achieving a 77 per cent increase in Internally Generated Revenue (IGR)…
Nigeria, UK to form technical committee on mining development
The Federal Government and the United Kingdom, on Wednesday, resolved to form a joint technical working group to harmonize partnerships…
CBN issues fresh requirement to mitigate foreign currency risks
The Central Bank of Nigeria (CBN) has expressed concern over the growth in foreign currency exposures of banks through their…
Miners must sign host community development agreements or lose licences – Alake
Dele Alake, minister of solid minerals Development, has said the consent of host communities remains a prerequisite for obtaining mining…
CBN, foreign airlines differ over $700m trapped fund
The Central Bank of Nigeria (CBN) and foreign airlines operating in Nigeria have differed over the total amount of unpaid…
IMF downgrades Nigeria’s economic growth to 3%
The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth projections for 2024 to 3.0 per cent from the 3.1…
Inflation in Nigeria may decline marginally to 21% this year, says PwC
Professional services firm, PricewaterhouseCoopers (PwC Nigeria), has projected that Nigeria’s headline inflation may decline marginally to 21 per cent in…