FX liquidity
25 Sep
The Federal Executive Council (FEC) has approved the recommendations of the Presidential Committee on Fiscal Policy and Tax Reforms in the economic stabilisation plans of the Federal Government.
8 Aug
The Central Bank of Nigeria (CBN) received a total bid valued at $1.18 billion from 32 authorised banks in its revived retail Dutch Auction System (rDAS) but accepted a total bid valued at $876.26 million from 26 banks.
26 Feb
The 26 per cent year-on-year (YoY) decline in capital importation from $5.33 billion in 2022 to $3.91 billion in 2023 for the fourth consecutive year has been attributed to foreign investors' apathy and low confidence.
21 Feb
President Bola Tinubu has hinted of plans by his administration to create millions of jobs by unlocking Nigeria’s vast public assets with a view to optimising and doubling the country’s Gross Domestic Product (GDP).
20 Feb
The Nigerian government has announced plans to raise at least $10 billion in order to increase foreign exchange liquidity, which will, in turn, stabilise the naira.
25 Jan
The Central Bank of Nigeria (CBN) is looking at an inflation rate of 21.4 per cent under its inflation targeting regime, the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, said yesterday.
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The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) said the latest National Bureau of Statistics (NBS) in output growth and labour market are false and do not reflect the realities. The bureau, on Monday, published the gross domestic product (GDP data for the third quarter, showing the economy expanded by 3.46…
3 mins ago
ACTIVITIES of cyber criminals appear to be on the rise as hackers were able to steal about N53.4 billion from banks in nine months. FITC Fraud and Forgery reports for the first, second and third quarters of 2024 revealed this loss. According to FITC, while there was a minimal loss of N468.4 million in Q1,…
4 mins ago
While Nigeria is working to reform its tax system to enable it to generate more revenue to run governance, the Chairman of the Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji, said it is important to diversify public revenue streams by exploring alternative sources like tourism, agriculture, technology and natural resources to reduce dependence on…
4 mins ago
Nigerians may not expect any relief until next year, Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said even as the Monetary Policy Committee raised the interest rate by another 0.25 per cent at the close of its meeting yesterday. Speaking at the end of the 298th meeting of its Monetary Policy…
6 mins ago
The National Leadership of the Labour Party (LP) has disassociated from a self-styled group called the Interim Executive Committee (IEC), which has been attempting to hijack the leadership of the party in Ogun State. A statement signed by the National Publicity Secretary of the party, Obiora Ifoh, said that the only legally recognised executive of…
6 mins ago
Former President Olusegun Obasanjo, yesterday, said that some people want him to die. Obasanjo made this known during the commissioning of Old-Garage-Oke-Fia-Lameco Road by Osun State Governor, Ademola Adeleke. The former President, who dispelled the death speculation, wondered why anyone would want him dead, saying that anyone who thinks ill of him would not escape…
8 mins ago
EKITI State Governor, Biodun Oyebanji, has charged the University of Ibadan (UI) to continue its mission of excellence and innovation, particularly in addressing the challenges facing Nigeria’s educational system. He, however, acknowledged the role of the foremost university in shaping the intellectual and leadership landscape of Nigeria. According to the governor, no one can deny…
9 mins ago
THE Human Rights Monitoring Agenda (HURMA) has demanded an open and official reversal of the suspension placed on Chairman of Alimosho Local Council by the Lagos State House of Assembly, to set the record straight. In a letter addressed to President Bola Tinubu, signed by its Executive Director, Buna Olaitan Isiak, yesterday, the group said…
10 mins ago
THE Publisher of BusinessDay, Frank Aigbogun and Executive Editor/Director of The NEWS/PM NEWS, Kunle Ajibade, will both be honoured at the 2024 Diamond Awards for Media Excellence (DAME). The awards ceremony, now in its 33rd year, celebrates achievements in a range of categories in journalism across television, radio, print, and online media. It will take…
10 mins ago
THE Nigeria Customs Service (NCS) has handed over 21 stolen vehicles to Canadian authorities in a significant move to combat international car theft. The Comptroller-General of Customs, Adewale Adeniyi, who disclosed this, yesterday, during the handover in Lagos, decried the alarming trend of West Africa emerging as a hub in the global stolen vehicle trade.…