Category: Finance

Nigeria’s foreign reserves drop sharply by $1.3bn in one month

Nigeria’s foreign exchange buffers have come under renewed pressure as the nation’s gross external reserves...

Nigeria’s public debt rose to record ₦159.27trn in 2025 — DMO

Nigeria’s total public debt for federal and state governments rose by 10 per cent, year-on-year...

Official, parallel FX market rates show naira appreciation

The Naira demonstrated a firming trend against the United States Dollar in the early hours...

Nigeria loses 41% revenue to deductions before FAAC sharing — W’Bank

Nigeria’s federation revenues rose to N84 trillion over the past three years, but 41 per...

Iran estimates $270bn cost of US-Israel war damages

The Iranian government on Tuesday estimated the cost of the war launched by the United...

Stock market surges ₦1.36trn on FTSE Russell frontier market upgrade

The Nigerian equities market has turbocharged, adding N1.36 trillion to its market capitalisation within just...

Naira holds steady at ₦1,358/$ in official market

The Nigerian Naira opened the new trading week with slight variations against the United States...

Oyedele dismisses claims of errors in new tax reform laws

The Minister of State for Finance, Taiwo Oyedele, has dismissed reports claiming he admitted to...

Oyedele admits errors in old tax regime, promises fix

Minister of State for Finance, Taiwo Oyedele, has acknowledged that Nigeria’s old tax laws contain...

Again, LIRS extends individual tax filing deadline

The Lagos State Internal Revenue Service has announced a further extension of the deadline for...

Intra-African trade to hit $230bn by 2026 — Afreximbank

Intra-African trade is on track to reach $230 billion by 2026, driven by the accelerated...

Venezuela interim leader announces minimum wage raise for workers

Venezuela’s interim president, Delcy Rodriguez, on Wednesday promised a hike in wages, which have been...