Economy
CBN Imposes N1.35 Billion in Fines on Nine Banks for ATM Cash Shortages During Festive Season
The Central Bank of Nigeria (CBN) has taken decisive action against nine major banks for their failure to maintain adequate cash supplies at...
Nigeria’s Inflation Rate Climbs to 34.80% in December 2024 Amid Festive Demand
The National Bureau of Statistics (NBS) has announced that Nigeria's inflation rate escalated to 34.80% in December 2024, a slight increase from November's...
FIRS Chairman Optimistic About Passage of Tax Reform Bill in National Assembly
The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has expressed strong confidence in the passage of the Tax Reform Bill...
Skyrocketing Food Prices in Kaduna Dampen Christmas Spirits
Just 24 hours before Christmas, the residents of Kaduna are facing a harsh reality as the prices of cooking gas and essential food...
Analysis of the 2025 Budget Allocations for the Nigerian Presidency
The 2025 Appropriation Bill, unveiled by Nigeria's Ministry of Budget and Economic Planning, has shed light on the financial plans for the presidency...
Naira Strengthens in Parallel Market but Depreciates in Official FX Market
The Naira appreciated marginally in the parallel market yesterday, improving to ₦1,660 per dollar from ₦1,662 per dollar recorded over the weekend. However,...
Nigeria’s Inflation Hits 34.6% in November 2024: Rising Food Prices Dominate
Nigeria’s inflation rate climbed to 34.6% in November 2024, marking an increase from 33.8% in October, according to the latest Consumer Price Index...
Impact of Naira Depreciation on Nigeria’s Manufactured Goods Trade in Q3 2024
The steep depreciation of the naira since June 2023 has left a significant mark on Nigeria's trade landscape, particularly in the manufacturing sector....
Cash Scarcity in Nigeria: A Persistent Challenge Despite Rising Currency Circulation
Nigeria’s cash scarcity crisis continues to plague its financial landscape, even as the amount of currency outside banks has seen a sharp increase...
Borrowing to finance government policies a necessity – Tinubu Ministers
The Minister of Finance, Wale Edun, and the Minister of Budget and National Planning, Atiku Bagudu, have emphasized the necessity of increased borrowing...
