CBN temporarily withdraws policy guidelines amid media misrepresentation
The Central Bank of Nigeria has announced the temporary withdrawal of its Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for the fiscal years 2024-2025. This decision follows widespread misrepresentations…
FIRS addresses challenges in Nigeria’s tax reforms
The Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji addressed Nigeria's recent tax reforms on Wednesday, as industry leaders discussed both progress and challenges. Adedeji, represented by the…
Keyamo issues 24-hour ultimatum to NCAA on air ticket refunds
The Minister of Aviation and Aerospace Development, Festus Keyamo, has issued a 24-hour ultimatum to the Nigeria Civil Aviation Authority to address issues concerning air ticket funds held by certain…
Nigeria’s nominal GDP reaches N60.93tn in Q2 – FG
The Federal Government has reported that Nigeria's nominal Gross Domestic Product reached N60.93 trillion in the second quarter of 2024, indicating notable improvements in the economy. Additionally, it reaffirmed its…
NRC reports N1.69bn from train passengers in Q2 2024
The Nigerian Railway Corporation has announced a 53.14% increase to N1.69bn in revenue from passenger transport for the second quarter of 2024. According to the latest figures from the NBS,…
CBN targets N50bn from cybercrime levy
The Central Bank of Nigeria is expected to generate around N50 billion by the end of 2024 from the newly implemented 0.005 percent cybersecurity levy on electronic transactions, according to…
SEC to enhance NGX listings with govt-owned enterprises
The Securities and Exchange Commission has urged government agencies and state-owned enterprises to consider listing on the Nigerian Exchange Ltd. The Director-General of SEC, Emomotimi Agama, disclosed while addressing pressman…
NCC initiates 6GHz spectrum to boost internet speed
The Nigerian Communications Commission has initiated efforts to utilize the 6GHz spectrum to enhance internet speed in Nigeria. This disclosure was made by the Executive Vice Chairman of NCC, Dr.…
Coca-Cola plans $1bn investment in Nigeria over five years
Coca-Cola Hellenic Bottling Company plans to invest $1 billion in Nigeria over the next five years to expand its operations. This investment aims to enhance production capabilities and distribution networks,…
Fiscal policy: Multiple taxes reason for hike food prices, says Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele revealed that truck drivers incur over N450,000 in levies to transport food items like yams from…
Nigeria’s foreign reserves record $2.35bn monthly net inflow – Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that Nigeria is currently recording a net inflow of approximately $2.35 billion into the apex bank's…
FG to raise N150bn from bond market in Sept 2024
The Federal Government, via the Debt Management Office is set to raise N150 billion from the bond market in September 2024. This issuance is part of a broader borrowing strategy…
