Economy

The Central Bank of Nigeria (CBN) has reaffirmed that its Ways and Means Advances to the federal government will continue...

The concept of a windfall tax is straightforward: when certain sectors or companies profit disproportionately from external factors—such as government...

The Federal Government will launch a strategy on Wednesday to position Nigeria as a leader in the Halal economy, projected...

The headline inflation rate in August 2024 stood at 32.15%, marking a slight decrease of 1.25%-points from 33.40% in July...

Nigeria’s foreign exchange (FX) unification policy, implemented by the Central Bank of Nigeria (CBN) in June 2023, aimed to simplify...

Nigeria’s headline inflation rate eased to 32.15% in August 2024 down from the 33.40% recorded in July 2024, reflecting a...

The Group Managing Director of United African Company (UAC), Fola Aiyesimoju has stated that the company has had to increase...

Nigeria’s foreign exchange (FX) reserves rose by $621.2 million in 10 days following the successful sale of a domestic dollar...

The soaring inflation and rising cost of living in Nigeria have impacted various sectors of the economy, and the domestic...

Nigerian businesses are facing unprecedented challenges in maintaining profitability and securing capital due to soaring inflation and escalating interest rates.