If or when the inflation rate rises, it may trigger an increase in the cost of living. This is because hike in prices influences inflation rate.
In a series of tweets from its twitter handle, the Federal Inland Revenue Service (FIRS) has clarified media reports its Executive Chairman, Tunde Fowler...
Over the past two years, VAT improved most in 2017, but slightly dropped in 2018.
Recently, an angry Nigerian man called out the CBN on Twitter, complaining about how his mother's account was wrongfully debited after a failed transaction.
Nigeria's Value Added Tax (VAT) may inch up to 7.5% from the current rate of 5%.
Only 8.41 million Nigerians currently contribute to the Contributory Pension Scheme.
The NNPC has plans to extend the ongoing Ajaokuta-Kaduna-Kano gas pipeline system across the Sahara to Algeria in North Africa.
The Nigeria Inter-Bank Settlement System, is working towards doubling the record 285 million point-of-sale (P.O.S) transactions that was recorded last year.
Nigeria's dependence on textile importation led to the shut down of many textile companies which, in turn, caused retrenchment in the textile industry.
The Nigerian National Petroleum Corporation (NNPC) has reported a trading surplus of ₦12.13 billion for December 2018.
The BPE has received financial and technical bids from five firms who are interested in purchasing stakes in Afam Power Plc and Yola Electricity Distribution Company.
Welcome to the Nigeria weekly update on treasury bills, bonds, crude prices, equities, and other macroeconomic indicators...
Central Bank of Nigeria (CBN) has set a capital of N50 million for Tier 2 unit microfinance banks, while Tier 1 would maintain N200 million minimum capital.
Despite the reduction in crude oil production by OPEC and non-OPEC members, the past few days marked constant fluctuations in crude oil prices.
The Central Bank of Nigeria (CBN) has assured palm oil producers that Nigeria will emerge as the third largest producer of palm oil, overtaking Thailand and Columbia as a major palm oil producer in the world.
The number of licensed microfinance banks in Nigeria dropped by 12.7 per over the past t one year.
Nigeria's Ngozi Okonjo-Iweala doesn't stand a chance of being The World Bank's President, at least for now.
The average price per litre of Kerosene in Nigeria has dropped to ₦305.55 in February 2019 from ₦306.28 in January 2019.
The consumer price index, which measures inflation, dropped to 11.31% in February 2018, according to monthly inflation data from NBS.
The average pump price of premium motor spirit (Petrol) decreased by 0.3% in February, according to the latest data from the NBS.
The Nigerian Government could be forced to pay the company, P&ID, US$9.0 billion, or otherwise face freezing of US dollars.
Nigeria's foreign exchange reserves depleted by as much as $303 million over the past six weeks, data from the Central Bank of Nigeria (CBN) has shown.
The ECOWAS Bank for Investment and Development plans to raise 25 billion francs from the West African Economic and Monetary Union capital market.
The Nigerian oil and gas sector accounted for 93.8% of the total export revenue in Q4 2018, according to the CBN's Balance of Payment (BOP) brief.
Afrinvest Plc has tasked FG to aim beyond improving the country’s Ease of Doing Business (EoDB) ranking, if it hopes to attract Foreign Direct Investment.