Economy
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CBN Introduces Daily N100,000 Cash-Out Limit for POS Agents
The Central Bank of Nigeria (CBN) has announced new stringent regulations for Point-of-Sale (POS) agents, introducing a daily cash-out transaction…
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Nigeria’s Inflation Rate Hits 34.60%
Nigeria’s inflation rate increased to 34.60% in November 2024, up from 33.88% in the previous month, according to the National…
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Nigeria Slashes IMF Debt by 64% with $1.22 Billion Repayments
Nigeria has made some progress in reducing its International Monetary Fund (IMF) debt, paying off $1.22 billion over just nine…
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Foreign Investment Drought: 32 Nigerian States Struggle to Attract Capital in 2024
In a troubling economic revelation, the latest National Bureau of Statistics (NBS) data shows that 32 out of 36 Nigerian…
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Oil Prices Drop as Syria Regime Change Concerns Ease
Oil prices experienced a slight decline on Tuesday as market concerns about the Syrian regime change began to settle. Brent…
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Tax Reforms Promise Benefits for All Nigerians, Says Oyedele
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has detailed how the proposed tax reforms…
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Tax Reform: Minimum Wage Earners and Low-Income Nigerians to Pay Less Under Proposed Bills
In a move to make the tax system more equitable, the Nigerian government’s Tax Reform Committee has proposed several changes…
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CBN Raises Interest Rate to 27.5% to Combat Surging Inflation
In a move to tackle the surging inflation in the country, the Central Bank of Nigeria (CBN) has raised the…
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Port Harcourt Refinery Commences Crude Oil Processing
After several failed commencement deadlines in the past, the Port Harcourt Refining Company (PHRC) Ltd in Rivers State has officially…
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Tinubu Celebrates as Nigeria’s GDP Growth Hits 3.46% in Q3 2024
Nigeria’s economy showed significant improvement in the third quarter of 2024, growing by 3.46% year-on-year according to the latest data…
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