A tax expert, Aderonke Atoyebi, has debunked the widespread misconception regarding the newly introduced Tax Identification, describing the rumours as dangerous.
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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CBN crashes dollar with $29 million intervention in FX market
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Naira gains N37, experts warn dollar hoarders of big losses
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Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
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New exchange rate: CBN crashes dollar as naira appreciates to N1,506 in official window
Economy Latest News
California's electric car drive put on blocks by US Senate
US senators on Thursday blocked California's landmark mandate phasing out gas-powered cars, dealing a blow to the state's move towards electric vehicles in a pointed rebuke of Democratic climate change policies. "California got special permission from the Biden administration to ban gas-powered cars.
NDIC issues fresh directives on employment, advises affected staff to resign
Following the latest directive, some staff have been told to meet the Human Resources department and tender their resignation letters in compliance with the law.
G7 finance chiefs push for consensus despite Trump tariffs
G7 finance leaders played down their differences Thursday, despite turmoil from US President Donald Trump's wide-ranging tariffs, and sought common ground on Ukraine as talks in Canada entered the final hours.
After attempted cyberattack, Nigerian bank sends message to customers, stakeholders
Nearly one year after a Nigerian bank lost N1 billion to a cyberattack, another bank, PremiumTrust Bank has released a statement about an attempted cyberattack.
Xiaomi launches new advanced in-house mobile chip
Tech giant Xiaomi unveiled a new advanced in-house mobile chip on Thursday, a significant milestone for the company as Chinese firms shift resources towards home-grown technology against a bleak international trade backdrop. Xiaomi has not confirmed which company is manufacturing the XRING O1, though Lei said it uses the same second generation 3nm-process technology as Apple's latest chips.
New fuel prices emerge across filling stations, as Dangote Refinery slashes PMS prices again
Dangote Refinery has published the official fuel price list across its partner filling stations, and encouraged Nigerians to report where any partner sells above.
Real estate consultant commends Sanwo-Olu for opening reporting channels, shares enforcement strategy
Mr. Adewole commended the government for capping agent fees at 10%, as it has been successfully implemented in the past. He spoke more on the reporting channels.
CBN introduces automated AML solutions to fight financial terrorism, gives deadline to banks
The Central Bank of Nigeria (CBN) has introduced a draft Baseline Standard to automate anti-money laundering and counter-terrorism financing processes.
Dealers crash dollar as CBN releases new FX rates amid naira’s appreciation
The Nigerian currency, the naira continued its rise against the dollar in all foreign exchange markets on Wednesday, May 21, 2025, closing at N1,582.50 per dollar.
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