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The Central Bank of Nigeria has launched a new system for verifying foreign exchange prices, primarily for importers seeking forex access. The top-tier bank, in a...
The Federal Government contemplates selling shares in approximately 20 state-run firms to bolster funds and enhance company governance, as stated in a Bloomberg article. The list...
On Monday, oil marketers highlighted that Nigeria’s foreign exchange woes, combined with the recent 7.5% VAT on diesel, have driven the cost of diesel to N900-N950/litre...
The naira’s recent downward trajectory in the parallel market has prompted action from the Central Bank of Nigeria (CBN). The bank is rolling out measures to...
Bus transportation costs within Nigerian cities have surged. According to the National Bureau of Statistics (NBS), the average fare for intra-city bus rides increased by 98%...
The Bola Tinubu-led government plans to allocate around N187.32bn this year to address outstanding debts to local contractors.⁸ These obligations, cataloged as promissory notes in a...
The depreciation of the naira against the US dollar, combined with the recent surge in global crude oil prices, has triggered concerns among Nigerians about a...
The United Nations and Lagos state have called on the private sector to spearhead change in Africa. This call was made during the Africa Social Impact...
The naira’s depreciation against the US dollar and the recent surge in global crude oil prices have raised concerns among Nigerians about a potential increase in...
The Nigerian Naira (₦) is facing turbulence, plummeting to N910/$ in the black market, sparking fears it might descend further to N1000/$ soon. Despite stabilizing around...
