Category: Finance

IMF warns stablecoins could weaken naira’s monetary policy

The International Monetary Fund has warned that the growing use of United States dollar-denominated stablecoins...

Naira holds stable against British pound at ₦1850/£

The Nigerian currency maintained its relatively stable run against the British currency on the Nigerian...

Naira depreciates to ₦1400/$ at parallel FX market

The Naira on Monday depreciated to N1,400 per United States dollar in the parallel market...

DMO to raise ₦1.2trn through FGN bond reopening

The Debt Management Office, on behalf of the Federal Government of Nigeria, will reopen two...

United Capital acquires 5% stake in NGX

United Capital Group has announced the acquisition of a five per cent equity stake in...

Reps extend 2025 capital budget deadline to September 30

The House of Representatives on Monday approved a three-month extension for the capital component of...

Nigerians, others borrowed $3.18bn airtime credit in 2025 — Optasia

Mobile phone subscribers in Nigeria and other emerging markets borrowed airtime worth $3.18bn on credit...

Naira gains against Euro, closes at ₦1573/€

The Naira strengthened against the major European currency in the 4th session of the week....

NRS unveils Rev360 digital platform to boost tax compliance

The Nigeria Revenue Service has unveiled Rev360, its next-generation digital tax administration platform designed to...

Lawmakers don’t fix their salaries, RMAFC does — Senate leader

Senate Leader, Opeyemi Bamidele, has dismissed claims that federal lawmakers determine their own allowances. Rather,...

IMF projects Nigeria’s external debt to hit $72.6bn by 2027

Nigeria’s public external debt is projected to rise by $20.7bn by 2027, the country’s election...

Tax Ombud vows to end multiple taxation across Nigeria

The Tax Ombud, Dr. John Nwabueze, has pledged to eliminate arbitrariness in Nigeria’s tax system...