NIGERIA’S INFLATION RATE DECLINES FOR THE THIRD SUCCESSIVE MONTH TO 22.22% IN JUNE
BY JENN NOMAMIUKOR The National Bureau of Statistics, NBS, today said headline inflation rate slowed by 0.75 percentage points to 22.22 percent in June from...
FG TO BORROW N1.76TRN IN Q3’25 THROUGH TREASURY BILL SALES
BY JEN NOMAMIUKOR In alignment with the Federal Government’s loan strategy for the 2025 budget, the Central Bank of Nigeria (CBN) has commenced the sale...
IMF HAILS FIRS ON TAX REFORM PROGRESS, PLEDGES MORE SUPPORT
By Aishat Momoh. O. The International Monetary Fund (IMF) has commended the Federal Inland Revenue Service (FIRS) for what it described as significant strides in...
FG REACTS AS US, UAE, UK IMPOSE TOUGHER VISA RESTRICTIONS ON NIGERIANS
By Aishat Momoh. O. The Federal Government has expressed deep concern over the United States’ recent decision to impose stricter visa conditions on Nigerian citizens,...
CBN DIRECTS BANKS TO SUBMIT CAPITAL RESTORATION PLANS AS FORBEARANCE REGIME ENDS
By: Sefiu Ajape As part of its regulatory measures to facilitate the transition out of the forbearance regime, the Central Bank of Nigeria (CBN) has...
TRUMP IMPOSES 25% TARIFFS ON JAPAN AND SOUTH KOREA, WARNS OF ESCALATION AHEAD OF TRADE DEADLINE
By Aishat Momoh. O. U.S. President Donald Trump announced Monday the imposition of 25 percent tariffs on imports from Japan and South Korea, escalating...
GERMAN INDUSTRIAL PRODUCTION SURGES IN MAY, BOOSTING HOPES OF ECONOMIC TURNAROUND
By Aishat Momoh. O. Germany’s industrial sector delivered a welcome surprise in May, with production rising sharply despite ongoing trade tensions with the United...
UPDATED: LAGOS, AFREXIMBANK LAUNCH ACCELERATOR PROGRAM, TRAIN 250 SMEs ON EXPORT PROMOTION (PHOTOS)
By: Sefiu Ajape The Lagos State Government, in partnership with AfreximBank and ImpactHER, has flagged off the Lagos State/Afreximbank Accelerator Program for SMEs with...
NIGERIA’S PUBLIC DEBT HITS N149.39TN IN Q1 2025, UP BY N27.72TN YEAR-ON-YEAR
By: Sefiu Ajape Nigeria’s total public debt reached N149.39 trillion as of March 31, 2025, reflecting a year-on-year rise of N27.72 trillion or 22.8% compared...
NAIRA STRENGTHENS BELOW N1,600/$1 ON CBN INTERVENTIONS, MARKET CONFIDENCE
By Aishat Momoh. O. The Nigerian naira continued its upward trajectory on Wednesday, trading below N1,600 per dollar in the parallel market, buoyed by sustained...