The Central Bank of Nigeria has disclosed that the federal government raised N2.72 trillion through Nigerian Treasury Bills in the first two months of 2025, marking an 8.6% decline from the N2.97 trillion raised during the same period in 2024.…
The Chartered Institute of Taxation of Nigeria (CITN) has described the Federal Government’s tax reform as a promising development for the majority of Nigerians. CITN President, Mr Samuel Agbeluyi, made this assertion while speaking to journalists on Friday in Jos.…
The Central Bank of Nigeria (CBN) conducted an Open Market Operations (OMO) auction on 6 March 2025, attracting total subscriptions of N1.88 trillion—more than three times the initial N600 billion on offer. Despite the strong investor demand, stop rates on…
…Membership will boost FDI, strengthen economy — Edun By Matthew Denis, Abuja Nigeria has joined 76 other nations becoming a member of the European Bank for Reconstruction and Development (EBRD). This was disclosed by the Minister of Finance and Coordinating…
Dangote Industries Limited and its subsidiaries has disclosed that it paid over N402 billion in taxes in 2024, making it the highest taxpayer in the country. Dangote’s Chief Branding and Communication Officer, Anthony Chiejina, declared during a meeting with some…
Bureau de Change (BDC) operators, under the umbrella of the Association of Bureau De Change Operators of Nigeria (ABCON), have expressed concerns about being unable to purchase foreign exchange from banks. The operators attribute this challenge to the current situation…
The Office of the Accountant General of the Federation (OAGF) has clarified that the Federal Government has not discarded Remitta as the Central Bank of Nigeria (CBN) approved payment gateway. The Director, Press and Public Relations, OAGF, Bawa Mokwa gave…
The African Development Bank (AfDB) is set to offer a $230 million trade finance package to Access Bank Plc, designed to enhance trade finance activities and provide foreign exchange (FX) liquidity to small and medium-sized enterprises (SMEs) in Nigeria. The…
The Federal Nigeria Society for the Blind (FNSB) has commended First City Monument Bank (FCMB) for supporting the visually impaired community in Nigeria. Through financial donations and essential supplies, FCMB has strengthened programmes at FNSB, Pacelli School for the Blind,…
The naira is expected to maintain stability this week and beyond as the Central Bank of Nigeria (CBN) continues to intervene in the foreign exchange (FX) market. The CBN had directed the Bureau De Change Operators (BDCs) to purchase $25,000…
