Economy

IN a move aimed at promoting smoother intra-African trade and enhancing financial inclusion, the CBN has announced major changes to the documentation needed for the Pan-African Payment and Settlement System …

THE governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, has stated that inflation could have surged to 42.81% by December 2024 if not for the bank’s policy interventions. Speaking …

THE Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has urged the Federal Government to privatise state-owned refineries and has requested a ₦100 billion grant from President Bola Tinubu …

THE Federal Government in the first nine months of 2024, allocated $3.58 billion to servicing the country’s foreign debt. According to a report on international payment statistics from the Central …

THE Federal Government is considering implementing a single-digit tax regime to alleviate the burden of multiple taxes on Nigerians. The Chairman of the Presidential Committee on Fiscal and Tax Reforms, …

THE Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has once again held the monetary policies of his predecessor, Godwin Emefiele, responsible for the country’s current economic challenges. …

THE Nigerian National Petroleum Company Limited (NNPCL) has acknowledged its “significant debt to petrol suppliers,” stating that this financial burden threatens the sustainability of fuel supply in the country. Reports …

THE World Bank has stated that the Central Bank of Nigeria’s tightening of monetary policy is unlikely to effectively combat inflation in the country. This was revealed in the global …

THE Central Bank of Nigeria (CBN) has reassured the banking public of the safety of their deposits and the resilience of the banking sector, following concerns raised in some quarters …

THE Central Bank of Nigeria (CBN) has confirmed that it has no intentions to revoke the licenses of three banks. According to a press release from the Acting Director of …