CBN raises interest rate to 17.5%; insists on January 31 deadline for phasing out old naira notes
The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest…
N65 Million Lost As NPA Shuts Lagos Ports over Buhari’s Visit
An estimated N65 million was, yesterday, lost as cargoes got trapped at the Lagos port following the Nigerian Ports Authority’s…
FIRS collects N10.1trn revenue in 2022, highest in history
The Federal Inland Revenue Service (FIRS), on Monday, disclosed that it collected a total of N10.1 trillion in tax revenue…
Nigeria, others hardest hit with food price inflation, says World Bank
The World Bank has said that domestic food price inflation remains high around the world with Africa, North America, Latin…
Bank customers decry scarcity of redesigned naira notes, CBN reacts
Some bank customers have decried scarcity of the redesigned N1, 000, N500 and N200 notes in Deposit Money Banks (DMBs)…
Lagos to host Nigeria’s top 50 digital economy enablers
Lagos, Nigeria’s commercial capital, is hosting the opening edition of Nigeria’s Top 50 Digital Economy Enablers February 14, 2023 at…
Manufacturers plan partnerships ahead $600bn AfCFTA market
The President of the Pan-African Manufacturers Association, Francis Meshioye, has called on relevant stakeholders to harmonise efforts towards realising the…
AfCFTA: Private sector moves to resolve tariff, rule of origin, payment platform
Members of the private sector in Africa have called for the completion of negotiations on schedule of tariff offers, finalisation…
FAAC: FG, states, LGAs shared N990bn as allocation in December — up by N88bn
The Federation Account Allocation Committee (FAAC) says it shared N990.189 billion among the three tiers of government in December 2022.…
World Bank cuts Nigeria’s growth forecast to 2.9% amid insecurity, underperforming oil sector
Having cut Nigeria’s projected growth in its Nigeria Development Update to 3.1 per cent from 3.8 per cent last year;…