NESG expresses concerns over weakening naira
The Chief Executive Officer (CEO), Nigeria Economic Summit Group (NESG), Laoye Jaiyeola, has expressed concern over the dwindling value of…
CBN retains interest rate at 11.5%, holds other parameters constant
The monetary policy committee of the Central Bank of Nigeria (CBN) has voted to retain the monetary policy rate (MPR),…
Afreximbank pledges to support Nigeria’s digital switch over project
The African Export-Import Bank (Afreximbank) says it will put up a financial mechanism to ensure the completion of Nigeria’s Digital…
IMF raises Nigeria’s growth projection to 2.7%
The International Monetary Fund (IMF) has raised its forecast on Nigeria’s output growth this year to 2.7 per cent, from…
Poor Telecoms Infrastructure Delays Adoption of eNaira
A new report on the challenges militating against the adoption of the e-currency by Nigerians identifies poor telecoms infrastructure leading…
CBN to Implements e-Invoice for Imports, Exports Feb 1
The Central Bank of Nigeria has said that all import and export operations will require the submission of an electronic…
Nigeria’s Forex Inflow Hits $55.5bn in Seven Months
Nigeria has recorded a foreign exchange inflow of $55.5bn in seven months, data obtained from the Central Bank of Nigeria…
AMCON takes over Ibadan Electricity Distribution Company
The Assets Management Corporation of Nigeria (AMCON) has taken over the Ibadan Electricity Distribution Company (IBEDC) Ltd over insolvency. The…
Foreign direct investment to Africa rose by 147% in 2021 – UNCTAD
Foreign direct investment (FDI) into Africa showed a strong rebound in growth of 147 percent to an estimated $97 billion…
FIRS targets 100% automation of tax administration processes in 2022
Muhammad Nami, Executive Chairman, Federal Inland Revenue Service (FIRS), says the agency will achieve 100 percent automation of all its…