Nigeria facing worsening economic crisis, says IMF
The International Monetary Fund (IMF) has said stalled per-capita growth, poverty and high food insecurity have exacerbated the ongoing cost-of-living…
Nigeria’s tax-to-GDP ratio 10% lowest in the world, says Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun yesterday disclosed that the tax to gross domestic…
Senate gives Edun seven-day ultimatum on N100bn gas project
The Senate Committee on Gas has given the Finance Minister, Wale Edun, a-seven-day ultimatum to provide details of the award…
DMO sells N1.1 trillion treasury bills in one month
The Debt Management Office (DMO) sold T-bills valued at ₦1.18 trillion across its auctions in December 2023, representing 11.9 per…
Forex reforms attracting FDIs, says Cardoso
Nigeria’s foreign exchange (forex) reforms have started to yield positive results. Foreign direct investments (FDIs) are growing, amid clarity and…
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…