FG, States, LGs share N2.3trillion FAAC revenue
The Federation Account Allocation Committee shared N2.3tn among the Federal Government, states and local government councils from May 2026 revenue,…
Nigeria’s pension assets hit N32trillion
With the accumulation of over N32 trillion assets as at May 2026, up from N30.9 trillion as April 30th 2026,…
Despite reforms, Naira remains weak – IMF
The International Monetary Fund (IMF) says the Naira is still undervalued by 25.6 percent despite the ongoing reforms in the…
Only 6% of Nigerians access credit, says Report
A recent study, Nigeria’s Credit Landscape Report 2025, has revealed a striking paradox in the nation’s financial ecosystem, revealing that…
Nigeria accounts for 60% of stablecoin inflows in sub-Sub-Saharan africa , says IMF
The International Monetary Fund (IMF) says Nigeria accounts for about 60 percent of stablecoin inflows into sub-Saharan Africa, highlighting the…
Nigeria’s inflation rate rises to 15.9%
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate rose to 15.93 per cent in May. The NBS…
CBN directs banks to localise payment data by 2027
The Central Bank of Nigeria (CBN) has directed banks, fintech firms and other payment service providers to store payment transaction…
IMF ADVISES NIGERIA TO INTRODUCE TAX ON TELECOMS
The International Monetary Fund (IMF) has advised the Nigerian government to introduce excise duties on telecommunications services and extend Value…
VAT COLLECTION RISES
Nigeria’s Value Added Tax (VAT) collections rose to N2.42 trillion in the first quarter of this year, National Bureau of…
Row over Nigeria’s $5bn swap deal with Abu Dhabi
The International Monetary Fund (IMF) has warned Nigeria to tread carefully in pursuing a proposed $5bn Total Return Swap financing…