By Sodiq Adelakun Nigerians spent a total of $1.58 billion on health tourism, foreign education, and other personal matters in the first six months of 2023, according to data from the Central Bank of Nigeria. The data revealed that $245.68…
…Nigeria’s low data costs hinder expansion of mobile coverage in rural areas — Communication minister By Sodiq Adelakun Improved access to Internet coverage in Nigeria and Tanzania has led to a seven percent reduction in extreme poverty, according to the…
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele said the Nigerian government will save N8 trillion annually from the removal of fuel subsidies and the unification of exchange rates. Speaking at a panel session at…
By Sodiq Adelakun The Chief Executive Officer (CEO) of Financial Derivatives, Bismarck Rewane, has called for the removal of restrictions on open market operations (OMO) and for an increase in interest rates to boost Nigeria’s economic fortunes. Speaking last week…
By Ismail Azeez, Osogbo The Osun State Government has revealed the deadline for the filing of 2023 annual tax returns for the employers of labour, and self-employed individuals in the State. The Executive Chairman, Osun Internal Revenue Service, Prince Adesola…
Vice-President Kashim Shettima has expressed his confidence in the African Continental Free Trade Area (AfCFTA) to boost economic growth in Africa. Speaking at a breakfast meeting with African Heads of State to launch the Action Plan for AfCFTA, Shettima highlighted…
A Financial Expert, Mr Okechukwu Unegbu, says the planned relocation of some key departments of the Central Bank of Nigeria (CBN) to Lagos was for administrative convenience. Unegbu, a past President of the Chartered Institute of Bankers of Nigeria (CIBN),…
By Sodiq Adelakun The Naira experienced a significant drop on Wednesday, reaching a record low of N1,320 per dollar on the black market. This represents a 3.03 percent decrease compared to the previous day’s closing rate of N1,280. This is…
Nigeria’s pension net asset value rose to N17.7 trillion at the end of October 2023, from N15 trillion in January 2022, and this was driven by diversified investment strategy, the Pension Fund Operators Association of Nigeria (PenOp) said. According to…
By Sodiq Adelakun Nigerians are experiencing a cash crunch as currency in circulation has surged by 21.37 percent in less than three months, according to data from the Central Bank of Nigeria (CBN). The figures show that currency in circulation…
