Business

FG generates N7.3trn revenue in 5 months

The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has disclosed that the total sum of N7,314,129,314,386.08 accrued into the federation…

2 years ago

CBN reduces banks LDR to 50%

The Central Bank of Nigeria (CBN) has reduced the Loan-to-Deposit Ratio (LDR) of deposit money banks from 65 per cent…

2 years ago

2030: World Bank, AfDB partner to connect 300m Africans to electricity

The World Bank Group and African Development Bank (AfDB) Group are partnering on an ambitious effort to provide at least…

2 years ago

FIRS: $4bn lost annually to inefficiency in import, export processes

The Federal Inland Revenue Service (FIRS) says $4 billion is lost annually over inefficiencies in Nigeria’s import and export processes.…

2 years ago

Dangote crashes diesel price to N1,000 per litre

Dangote Petroleum Refinery has crashed the price of diesel. The company on Tuesday, April 16, 2024 announced a further reduction of the price…

2 years ago

Naira gains, exchanges at N1,136 against dollar

The naira on Monday, April 15, 2024, appreciated at the official market, trading at N1,136.04 to the dollar. Data from…

2 years ago

Nigeria’s inflation rate hits 33.20%

The National Bureau of Statistics (NBS) has declared that Nigeria’s inflation rate rose to 33.20 per cent in Mach 2024.…

2 years ago

FIRS generates N12.3trn in 2023

Federal Inland Revenue Service (FIRS) has witnessed unprecedented progress in revenue collection, culminating in a remarkable achievement of N12.3 trillion…

2 years ago

Investors lose N412bn at equity market

Losses in the stocks of Dangote Sugar and Guaranty Trust Holding Company (GTCO), among others have further weakened the performance…

2 years ago

Naira gains, exchanges at N1,142 against dollar

The naira, on Friday, April 12, 2024, appreciated at the official market, trading at N1,142.38 to the dollar. Data from…

2 years ago

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