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Business and Economy

Vehicles Duties Soar by 40% due to Naira Devaluation

In line with ongoing foreign exchange reforms, the Central Bank of Nigeria (CBN) and the Nigeria Customs Service (NCS) have implemented a 40% increase...

Nigeria’s Debt Rises To N49.8trn – DMO

The Debt Management Office (DMO) has disclosed that Nigeria’s total public debt has risen to $108.3bn (N49.8trn).In a statement on Friday night, DMO stated...

Financial System Rotten Under Emefiele – Tinubu

President Bola Ahmed Tinubu has broken his silence on the suspended Governor of the Central Bank of Nigeria (CBN).He spoke on Friday, June 23,...

The Federal Government considers reopening Seme border for vehicle importation.

The Nigerian Federal Government is contemplating the reopening of the Seme land border for vehicle imports, following its closure in August 2019 during the...

NBS reports that Discos generated N480bn in six months.

The National Bureau of Statistics (NBS) reports a 20.81% increase in revenue generated by electricity distribution companies (Discos) in the first quarter of 2023,...

Tinubu’s Economic Policy Will Attract Foreign Investors – UK Envoy

The British High Commissioner to Nigeria, Richard Montgomery says the economic reforms instituted by President Bola Tinubu are capable of attracting investors from the...

Imports of petroleum products, wheat, and sugar dominate the charts.

Despite the petroleum product scarcity that Nigerians faced in the first quarter of 2023 (Q1'23), fuel remained at the top of the import chart...

Airfares Surge as Exchange Rate Reaches N702/$

Airfares for flights from Nigeria to various international destinations, including Europe, North America, and the Middle East, have experienced a significant increase due to...

Naira Weakened to 770.38/$ at Official Market

The Nigerian naira experienced a further decline against the US dollar, closing at 770.38/$ at the end of trading on the investor and exporter...

Naira Falls To N770/Dollar At Official Market

The Naira on Monday, June 19, closed at N770 per dollar at the investors and exporters (I&E) window.FMDQ Securities Exchange Limited said Monday's closing...

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