In an effort to tackle rising inflation, the Central Bank of Nigeria has raised the monetary policy rate, known as the interest rate, by 200 basis points per cent to…
Business & Economy
Federal Government Files Tax Evasion Charges Against Binance
The Federal Government has taken legal action against Binance, a prominent cryptocurrency exchange platform, in a move aimed at upholding fiscal responsibility and preserving the economic integrity of the nation.…
President Tinubu Urges Nigerians To Patronize Local Products To Strengthen Naira
President Bola Tinubu on Friday urged Nigerians to patronize made-in-Nigeria products and services to sustain the recent gains of the naira in the foreign exchange market. He called for more…
Nigeria-Morocco Gas Pipeline Project commences December 2024 says Kyari
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari has said that the Final Investment Decision for the twenty five billion naira Nigeria-Morocco Gas Pipeline…
Naira Depreciation Pushes Nigeria’s Imports To Thirty Five Trillion Naira
Amid President Bola Tinubu’s drive to boost non-oil exports and diversify the economy away from crude oil exports, Nigeria’s total imports grew to thirty-five trillion naira in 2023, from twenty-five…
Customs Foreign Exchange Duty Rate Records 1.2 Percent Decline As Naira Strengthens
The foreign exchange rate for computing import duties by the Nigeria Customs Service has recorded a further decline following the appreciation and stability of the naira at the official FX…