In the eight-month period leading up to August 31, 2023, the value of listed equities traded in Nigeria reached a significant high of N2.42 trillion. This marks an increase from the N1.89 trillion recorded during the same period in 2022,…
The CEO of First Bank of Nigeria Limited, Dr. Adesola Adeduntan, has reaffirmed the bank’s commitment to regulatory compliance and due diligence. Speaking at a meeting of the Association of Chief Compliance Officers of Banks in Nigeria (ACCOBIN), Adeduntan emphasised…
The prices of various food items, including beef, tomatoes, beans, garri, and yam, have risen in August, according National Bureau of Statistics (NBS). NBS released its Selected Food Prices Watch report for August 2023 in Abuja, revealing the increase. In…
By Sodiq Adelakun The Labour Party’s presidential candidate for the 2023 general elections, Peter Obi expressed his concern over the increasing reliance on the US dollar in Nigeria’s economy. In a television interview on Monday, Obi emphasized the need for…
Naira put on a dazzling performance on Friday, leaving traders in awe as it appreciated by a remarkable 2.6 percent. With a closing rate of N755.27/$1, it outshone its previous session’s rate of N775.31/$1 on Thursday. Throughout the trading day,…
…As domestic debt surges to N54.13trn By Sodiq Adelakun In a bid to enhance the delivery of basic education and primary healthcare services, the Bola Tinubu-led Federal Government of Nigeria is currently in talks with the World Bank for a…
By Sodiq Adelakun In his 63rd Independence Anniversary broadcast, President Bola Ahmed Tinubu emphasised the importance of making monetary policy accessible to all, rather than just benefiting the wealthy. He expressed confidence that this goal could be achieved through the…
By Sodiq Adelakun The Central Bank of Nigeria’s (CBN) FX policy programme, known as RT 200, has led to a significant increase of 91.21 percent in net foreign exchange inflow through the autonomous market over the past five months. This…
The Federal Government is planning to overhaul the nation’s tax system to shift more of the burden to wealthy citizens while cutting corporate taxes. The move — part of President Bola Tinubu’s reforms to overhaul the beleaguered economy – aims…
The National Economic Council on Thursday affirmed that the $3bn emergency loan-for-crude oil the Federal Government secured in August would be deployed to stabilise the naira, whose value has continued to fluctuate in the Investors & Exporters’ window and worsened…
