By Sodiq Adelakun In a concerning development for Nigeria’s economy, the naira, the country’s currency, weakened to an all-time low of N960 against the dollar on...
By Sodiq Adelakun Despite the persistent fall of the naira, twenty-three Nigerian states have seen a significant increase in bilateral loans, growing by 64.26 per cent...
…Urges implementation of cost reduction strategies The Lagos Chamber of Commerce and Industry (LCCI) has expressed concerns over the rising inflation rate in Nigeria and the...
By Sodiq Adelakun In a financial twist, Nigeria has reportedly spent a whopping N2.34 trillion on debt servicing within just six months. This eye-popping figure comes...
The Federal Government has announced the development of software aimed at improving transparency in revenue generation and sharing among the three tiers of government in Nigeria....
In a bid to enhance government revenue and enhance the quality of public services, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has called upon Nigerians...
…Names four deputies In a bold move to tackle the challenges facing Nigeria’s Central Bank, a formidable team has been assembled. Led by the newly appointed...
By Sodiq Adelakun The Nigerian Naira witnessed a 0.53 per cent decline against the US dollar on Thursday, mainly driven by increased demand for the greenback...
By Sodiq Adelakun The Central Bank of Nigeria (CBN) has recently taken a firm stance against International Money Transfer Operators (IMTOs), cautioning them against engaging in...
Businesses in Nigeria, regardless of their size, are currently facing challenges due to the foreign exchange reforms implemented by President Bola Tinubu. These reforms have led...