The Chairman of the Presidential Committee on Tax Reforms, Taiwo Oyedele, has shed more light on how Nigeria’s incoming tax intelligence framework will monitor financial behaviour to identify tax evasion. Speaking on... Read more »
Nigeria’s headline inflation rate eased to 16.05 per cent in October 2025, down from 18.02 per cent in September, according to the latest report from the National Bureau of Statistics (NBS). The... Read more »
Air Peace Ltd. has attributed sudden disruptions in its domestic operations to ‘illegal’ withdrawal of three aircraft by its wet lessor, Smartlynx Airlines. The airline said on Friday that the disruptions cost... Read more »
The Central Bank of Nigeria (CBN) has restated that the ongoing recapitalisation of banks is not merely a compliance directive, but a bold, strategic move to strengthen the resilience, inclusiveness, and credibility... Read more »
An economic review has advised the Central Bank of Nigeria to issue higher-denomination naira notes such as N10,000 and N20,000 to restore the currency’s portability and ease the rising cost of cash... Read more »
Nigeria has started exporting locally produced solar panels to Ghana, marking a key milestone in its drive to become West Africa’s renewable energy hub. Minister of Power, Bayo Adelabu, announced the development... Read more »
Nigeria recorded cryptocurrency transactions worth over $50 billion between July 2023 and June 2024, according to the Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama. At an exchange rate... Read more »
Zenith Bank Plc’s Founder and Chairman, Dr. Jim Ovia, CFR, accompanied by the bank’s Group Managing Director/CEO, Dame Dr. Adaora Umeoji, OON, on Tuesday, October 14, 2025, carried out the prestigious closing... Read more »
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, says it has taken a final investment decision (FID) on the HI offshore gas project in the country. The... Read more »
Central Bank of Nigeria, CBN, has assured Nigerians of its commitments to ensure that the policies and reforms put up brings about the much needed price and monetary stability in the country.... Read more »
The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points, lowering it from 27.5% in July to 27%. The decision was reached at the 302nd... Read more »
French media company, Canal+, has completed its acquisition of South African pay-television operator, MultiChoice Group Limited, securing a 48.2 per cent stake in the company, according to a joint announcement released on... Read more »
The Naira has recorded a major boost against the US dollar, dropping below N1,500 at the official foreign exchange market for the first time since February 2025. Fresh data from the Central... Read more »
Popular Real Estate firm, Nze Ventures Home Ltd, has gifted a sum of ₦2 million to students in the state in support of their entrepreneurship skills development and learning. Nze Ventures Home... Read more »
Following Chinese businesses’ recent decision to accept Naira over dollars in transactions with Nigerian investors, as commonly practised due to the Naira to Dollar instability, the Lagos State Chapter of the All... Read more »
The Federal Government has expressed excitement over a sharp rise in diaspora remittances, which have surged to $600m monthly in the past two months, according to figures from the Central Bank of... Read more »
Nigeria’s foreign exchange reserves climbed to $41.00 billion as of August 19, 2025, reaching the highest level in 44 months, according to the Central Bank of Nigeria (CBN). The reserves have gained... Read more »
Nigeria’s external reserves have climbed to an eight-month high of $40.15 billion, according to Central Bank of Nigeria (CBN) data, marking a 1.5% increase from $39.54 billion on August 1, 2025. The... Read more »
The naira continued its recent streak of relative stability, closing the gap between the official and parallel exchange markets. On Friday, the currency traded at N1,535 to the dollar in the parallel... Read more »
The African Export-Import Bank has sealed a partnership deal with the Creative, Reality, Entertainment, Arts and Music (C.R.E.A.M) Platform, a network of cultural and creative enterprises owned by popular Nigerian musician, Dapo... Read more »