Nigeria Faces Fiscal Pressure Over Fuel, Electricity Subsidies, IMF Warns
The International Monetary Fund (IMF) has highlighted the importance of Nigeria prioritising the full implementation of its cash transfer program...
Business
Aliko Dangote to Self-Fund Crude Purchases for Refinery, Bypassing Major Traders
Dangote Refinery is set to establish an oil trading unit to help source feedstock for its 650,000 barrels per day...
Enyimba Economic City to Boost Nigeria-India Trade to $20 Billion
Vishal Jhadav, Managing Director of Crescendo Worldwide, has highlighted the potential of Enyimba Economic City (EEC) in Abia State, Nigeria,...
Tinubu Directs Cement Companies to Revert to Old Prices
President Bola Ahmed Tinubu has instructed cement companies to return to their previous pricing for the commodity. This directive was...
Federal Government Forecasts Massive Investment in Nigerian Oil and Gas Sector
The Nigerian government has revealed plans to inject approximately $22.82 billion into 1,068 oil and gas projects approved between 2022...
Nigeria Exchange Limited Records N700 Billion Loss Following CBN’s Monetary Policy Rate Hike
The Nigeria Exchange Limited (NGX) witnessed a bearish trend on Wednesday, resulting in investors recording a loss of N700 billion....
CBN Injects Liquidity, Allocates $20,000 to BDCs to Stabilize Naira
In a bid to address distortions in Nigeria's foreign exchange market, the Central Bank of Nigeria (CBN) has implemented measures...
CBN Mandates Forex Sellers to Declare Sources
The Central Bank of Nigeria (CBN) has introduced new regulations requiring foreign exchange sellers to Bureau De Change (BDC) of...
Federal Government Overhauls Cash Transfer Program to Combat Fraud
The Federal Government has announced a major overhaul of its cash transfer program to address fraud, with immediate implementation of...
CBN Overhauls Foreign Exchange Rate Formula for Customs Duty Assessment
The Central Bank of Nigeria (CBN) has revised its formula for determining foreign exchange rates for customs duty on imports,...