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Economy

Latest Economy News

Finance Bill 2022: ‘TIN not required to operate bank account’

There are no provisions in the Finance Bill 2022 forcing Nigerians to

South-East traders reject new increment in Customs import duty

The South-East Amalgamated Markets Traders Association (SEAMATA) has criticised and rejected the

Why Obasanjo’s pushing for made-in-Africa brand

Former President Olusegun Obasanjo has called for the creation of an emblematic

Afreximbank signs $1.04bn petroleum exploration deal with NNPC

The African Export-Import Bank (Afreximbank) has signed a $US1.04 billion facility with

Senate queries SEC over revenue spending

The Senate has queried the Securities and Exchange Commission (SEC) for spending

FAAC: FG, States, LGs share N671.9bn for October

The Federal Government, States and Local Government Councils (LGCs) on Wednesday, shared

We’ll help Enyimba Shoe Company get govt funding – Lawan

Senate President Ahmed Lawan says the National Assembly will help Enyimba Automated

Fake N1000, N500 note declined in 2020 – CBN

The Central Bank of Nigeria (CBN) says the faking of higher denomination

FG, States, LGAs share N739.96bn for Sept

The Federation Accounts Allocation Committee (FAAC) has shared to the three tiers

New revenue formula to be submitted to FG by December 2021 – RMAFC

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has said that the

eNaira: Harvard professor, others give conditions for success

Prof. Lauren Cohen, L. E Simmons Professor of Business Administration, Harvard Business

Crypto Trading in Thriving in Africa – How Did This Happen?

Cryptocurrencies have forever changed the way people view the world of finance.

97% depositors fully covered in event of bank failure – NDIC boss

Mr Bello Hassan, Managing Director of the Nigeria Deposit Insurance Corporation (NDIC),

3 African start-ups valued at $1bn founded by young Nigerians

Mr Asue Ighodalo, Chairman of the Nigerian Economic Summit Group (NESG), has

Buhari arrives Saudi Arabia ahead of Investment Summit

President Muhammadu Buhari has arrived Riyadh, Saudi Arabia ahead of the investment

CBN supports healthcare sector with N200bn to drive economic recovery

Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), on Friday said

Payment of liquidation dividends to depositors of failed banks ongoing – NDIC

The Nigeria Deposit Insurance Corporation (NDIC) is currently settling the liquidation dividends

Nigeria’s economy to grow by 2.7% in 2022 — IMF

The International Monetary Fund (IMF) has predicted Nigeria’s economy to grow by

Jamoh rallies support for Nigeria’s IMO Category C reinstatement

The Nigerian Maritime Administration and Safety Agency (NIMASA) has urged the international

Global investment flows rebound, reaches $852bn in 2021

After a big drop in 2021 caused by the COVID-19 pandemic, global

Cryptocurrency fraud losses up by 30% in 2021

Police figures show that the amount of money reported lost to cryptocurrency

Private sector, govt yet to recover from #EndSARS – Ex-LCCI boss

An economist, Mr Muda Yusuf, said many investors and state governments were

N350tn Dev’t Plan: BMO lauds Buhari’s govt for involving private sector

The Federal Government’s decision to involve the private sector to bridge the

e-Customs contract: Reps wade in to resolve CBN, Adani systems Ltd disagreement

The House of Representatives have mandated three of its committees to resolve

Multiple taxation weighs down businesses – Osinbajo tells governors

The Vice President, Prof. Yemi Osinbajo, has advised state governors to focus

Insecurity: AfDB to design, implement bonds to help Nigeria

The African Development Bank (AfDB) says it is ready to assist Nigeria

Low-income countries’ debt rises to $850bn in 2020 – World Bank report

Low-income countries’ debt rose by 12 per cent to 860 billion dollars

NNPC share capital of N200bn highest in Nigeria – CAC

The Corporate Affairs Commission (CAC) says the Nigerian National Petroleum Company (NNPC)

Experts advocate integration of Facebook, WhatsApp, into Nigerian payments system

A panel at the ongoing 31st Seminar for Finance Correspondents and Business

Fintech 5.0: Evaluating How FirstBank Strengthens Collaboration

It was Sir Isaac Newton, in his letter to Robert Hooke in