To Plug Revenue Leakages, Boost Transparency, FG Unveils Federal Treasury Receipt
The federal government has launched Federal Treasury Receipt (FTR), a ground-breaking reform offering a single, standardised, and digitally verifiable proof…
Category: Finance
Cardoso Woos Investors as FX Turnover Hits $8.6bn, Anticipates Current Account Surplus to Exceed $20bn
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reassured investors of Nigeria’s improving macroeconomic stability, just…
Inflation Declines Further to 18.02% Amid Moderation in Food, Energy Prices, FX Stability
The Consumer Price Index (CPI), which measures the rate of change in prices of goods and commodities eased to18.02 per…
Jim Ovia Named Doyen of Nigerian Banking Industry At The NGX Closing Gong Ceremony
Zenith Bank Plc’s Founder and Chairman, Dr. Jim Ovia, CFR, accompanied by the bank’s Group Managing Director/CEO, Dame Dr. Adaora…
Analysts Caution Nigeria Risks FTSE Setback if Capital Gains Tax Proceeds
Financial experts have warned that Nigeria could jeopardise its fragile progress towards regaining inclusion in the FTSE Frontier Market Index…
Citi Increases Capital in Nigeria, Meets CBN’s N200bn Requirement
Citibank Nigeria Limited (Citi) has announced that it has successfully met the Central Bank of Nigeria’s (CBN) new N200 billion…
World Bank Upgrades Nigeria’s 2025 Growth Outlook to 4.2%
The World Bank has upgraded Nigeria’s economic growth forecast for 2025 to 4.2 per cent, reflecting a 0.6 percentage point…
Capital Market Operators Seek Review of Proposed 30% Capital Gains Tax to 25%
Operators in the Nigerian capital market have urged Chairman of Presidential Committee on Fiscal Policy and Tax Reforms (FPTR), Mr.…
Monetary Easing Begins as CBN Cuts MPR to 27%, Cites GDP Growth, Falling Inflation
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), yesterday, kick-started monetary easing with a cut in the Monetary…
Unreconciled Federation Funds: FAAC Awaits NNPC on $42.37bn, OAGF on N2tn Pending Payments
The Federation Accounts Allocation Committee (FAAC) has raised fresh concerns over huge unreconciled revenues, disclosing that more than $42.37 billion…