A total sum of N 1.703 trillion, being January 2025 federation account revenue, has been shared to the federal, State and local governments in the…
View More FAAC Disburses N1.703trn To Federal, State, Local Govts As January Revenue
Kategorija: ECONOMY & MONEY
FG Spends $8bn To Stabilise Naira
The federal government has spent about $8 billion to stabilise the exchange rate of the Naira to the US dollar at its current levels. Managing…
View More FG Spends $8bn To Stabilise Naira
Citing Inflation Moderation, Exchange Stability, CBN Holds Interest Rates At 27.5%
…As analysts see committee cutting rates at next meeting The Monetary Policy Committee of the Central Bank of Nigeria (CBN) took a twist in its…
View More Citing Inflation Moderation, Exchange Stability, CBN Holds Interest Rates At 27.5%
UK Signs $40.5m Investment Deal To Boost Nigeria’s Cocoa Sector
British International Investment (BII), the UK’s development finance institution has inked an investment deal of $40.5 million with Johnvents Group, an agribusiness industry to enhance…
View More UK Signs $40.5m Investment Deal To Boost Nigeria’s Cocoa Sector
Only Two Banks Meet New Capitalisation Target – Fitch
Only two banks have so far been able to meet the new capital requirements prescribed by the Central Bank of Nigeria (CBN), with most of…
View More Only Two Banks Meet New Capitalisation Target – Fitch
CBN Introduces N100, N500 Charges On ATM Withdrawals
Charges that customers have to pay when they make withdrawals at Automated Teller Machines (ATMs) have been increased by 185.7 per cent when they withdraw…
View More CBN Introduces N100, N500 Charges On ATM Withdrawals
Trump Cryptocurrency Drops Amid US Tariff Backlash
The TRUMP cryptocurrency owned by United States President Donald Trump has experienced a drastic drop, losing the majority of its value in just a month…
View More Trump Cryptocurrency Drops Amid US Tariff Backlash
Abuja-Makurdi Road Toll Gate, Motorists Pay ₦6,400, ₦4,000, ₦3,200, ₦2,000
Trucks, SUV/Jeeps, light vehicles/minibuses and cars will now pay ₦6,400, ₦4,000, ₦3,200, and ₦2,000, respectively, to ply the 227.2km Abuja-Keffi-Akwanga-Makurdi highway reconstructed by the Federal…
View More Abuja-Makurdi Road Toll Gate, Motorists Pay ₦6,400, ₦4,000, ₦3,200, ₦2,000
Tackle Inflation: World Bank, IMF Urge CBN
…As Rate Hits 34.8% The World Bank and the International Monetary Fund (IMF) have called on the Central Bank of Nigeria (CBN) to remain steadfast…
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Nigeria, Ghana, Two Others Secure $25bn Funding For Industrial Revolution
Four African countries, namely, Nigeria, Ghana, Côte d’Ivoire, and Senegal have recently secured landmark investments totaling about $25billion aimed at boosting industrial capabilities in these…
View More Nigeria, Ghana, Two Others Secure $25bn Funding For Industrial Revolution