Business

The rhythm of Nigeria's business world
Google celebrated Nigeria's 63rd Independence Day with a special doodle on its homepage. The doodle featured Nigeria's national flag waving against a bright blue sky. In commemoration of the occasion, Google highlighted the significance of Nigeria's Independence Day celebrations, including the...
As Nigeria approaches its 63rd Independence Anniversary, the Federal Government has entered into discussions with the World Bank regarding a potential $1.5 billion loan. The loan, known as 'Nigeria Human Capital for Opportunities and Empowerment' (HOPE), aims to strengthen systems for improved...
In a bold move to revamp Nigeria's tax system, the Federal Government, under President Bola Tinubu's leadership, is embarking on an ambitious tax reform initiative. The primary objective is to shift a larger share of the tax burden onto the country's wealthier citizens while concurrently...
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A group of activist hackers in Nigeria are taking matters into their own hands to fight against environmental degradation caused by oil refinery pollution in the Niger Delta. Following a court ruling in the UK that found Shell not directly responsible for a 2011 oil spill in Nigeria's offshore...
In a startling turn of events, the exchange rate of the Nigerian Naira against the US Dollar has taken a steep dive, reaching an alarming intra-day high of N851/$1 on September 26, 2023, within the Investor and Exporter (I&E) window, the official forex trading platform. This rate hasn't been...
Dr. Olayemi Cardoso, the newly confirmed Governor of the Central Bank of Nigeria (CBN), has unveiled ambitious plans to boost the country's Gross Domestic Product (GDP) to $1 trillion within eight years. During his confirmation hearing before the Senate, Cardoso outlined strategies, including...
Dr. Yemi Cardoso, the newly appointed Governor of the Central Bank of Nigeria (CBN), assured the Nigerian public during his Senate screening that the apex bank would not be susceptible to political influence under his leadership. Addressing Senate President Godswill Akpabio's inquiry about...
The Nigerian Senate has confirmed Dr. Olayemi Cardoso as the new Governor of the Central Bank of Nigeria (CBN), along with four Deputy Governors: Emem Usoro, Muhammad Dattijo, Philip Ikeazor, and Bala Bello. Dr. Cardoso's confirmation comes after rigorous screening by the Upper Chambers of the...
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The Nigerian government has restated its commitment to centralizing its data through the National Identity Management Commission (NIMC). Hon. Olubunmi Tunji-Ojo, the Minister of Interior, emphasized the government's dedication to the program's success and confidently stated that the era of...
The global crude oil prices have surged to a staggering $93.55 per barrel, raising concerns about another petrol price hike in Nigeria. This price increase coincides with the continued depreciation of the Naira against foreign currencies, with the Naira exchanging at N980/$1 on the parallel...
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