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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Naira hits highest level in months at N1,497 per dollar, black market rates appreciate
Economy Latest News
CBN moves to rename I&E Market to NFEM as naira nears N1000/dollar
CBN has said the official foreign exchange market, Investors and Exporters (I&E) window, would soon be recognised as the Nigerian Foreign Exchange Market (NFEM)
"Lagos N45,000/50kg": Nigerian states with highest and lowest prices of rice
The price of rice has risen astronomically in the last two months, according a recent survey. The price of the commodity is sold for over N45,000 in Lagos.
CBN spends N1.2 trillion on staff salaries, furniture, housing, others in 7 years
The Central Bank of Nigeria said it spent about N1.2 trillion on staff salaries, housing, transportation allowances in its seven-year audited financial reports.
Analysts projects more borrowing cost for government amid increasing debt stock
Analysts at Commercio Partners said the CBN may be prompted to issue more high-yield bonds to attract investors, hence increasing borrowing costs for government
Love, lust & other things": Despite hardship, Nigerians spend over N266 million to watch movies in just 23 days
Nigerian movie lovers visited various cinemas across the country to relax and have fun, despite the economic challenges following the removal of fuel subsidy.
FG's exchange rate unification yields results as Nigeria earns $2.55 billion as forex inflow in 2 months
The Nigerian economy witnessed a forex inflow of $2.55 billion in the last two months since the Central Bank of Nigeria announced the forex unification windows.
CBN owes foreign Banks, JP Morgan, Goldman Sachs $13.8 billion
CBN has revealed that it owes foreign banks and companies $13.8 billion in foreign exchange forwards, including Goldman Sachs and JP Morgan, American firms.
Naira getting close to N1,000 per dollar as CBN explains reason For the fall
The naira is hitting close to N1,000 to a dollar at the unofficial parallel market as the Central Bank of Nigeria (CBN) revealed that black market is to blame
Naira fall: CBN mops N150 billion from Access Bank, Zenith, others, Via OMO auction
The Central Bank of Nigeria has mopped about N150 billion excess liquidity from the system to fight inflation, strengthen the naira and stabilize the economy.
Economy
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