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President Bola Tinubu has inaugurated the Presidential Economic Coordinating Committee to boost Nigeria's economy. Key figures, including Aliko Dangote and Tony Elumelu, will inject over N2 trillion into sectors like health and energy.
President Bola Tinubu has launched the Presidential...
President Tinubu appoints Uzoma Nwagba as MD/CEO of CREDICORP, with Otunba Aderemi Abdul as Chairman and others. The appointments aim to expand consumer credit access in Nigeria, enhancing financial inclusion nationwide.
President Bola Tinubu has appointed Uzoma Nwagba as the Managing Director...
Nigeria introduces 7.5% VAT on crypto transactions from July 8, 2024, impacting users registered under KYC. KuCoin notifies users of the regulatory updates affecting digital currency trades.
Starting July 8, 2024, cryptocurrency transactions in Nigeria will be subject to a 7.5% Value-Added Tax...
CAC sets a July 7, 2024 deadline for business registration in Nigeria. The new online portal promises 24-hour completion. The process includes account creation, name reservation, document submission, and fee payment. Benefits include legal protection, increased credibility, and easier access to...
NNPC declares a state of emergency on crude oil production to boost output and reserves. OPEC projects a 23% increase in global energy demand by 2045. Challenges include bureaucratic delays and aging infrastructure. A balanced approach is needed for climate change mitigation and energy poverty...
Aliko Dangote criticizes CBN's 26.25% interest rate hike at MAN summit, arguing it hinders business growth and job creation. He calls for government support of manufacturers to address economic challenges. MAN reports significant sector exits, highlighting the need for policy reforms to boost...
Nigeria introduces sweeping tax reforms exempting small businesses, manufacturers, and farmers from withholding tax to alleviate financial strain. The changes also include reduced rates for low-margin businesses and measures to curb tax evasion.
The Federal Government has announced significant...
Read about Nigeria's petrol price surge in May 2024, with Jigawa topping at ₦937/litre post-subsidy removal, affecting inflation and consumer costs nationwide.
In May 2024, the National Bureau of Statistics (NBS) reported a staggering increase in the average retail price of Premium Motor Spirit...
![Today's Naira Rate[01-07-2014]: Nigerian Naira Ends 5-Day Depreciation, Hits N1,510/$ in Market Rebound](/data/attachments/205/205685-147ab142f8cf48479284e57b3d23fc38.jpg?hash=FHqxQvjPSE)
Nigeria
Today's Naira Rate[01-07-2014]: Nigerian Naira Ends 5-Day Depreciation, Hits N1,510/$ in Market Rebound
The Nigerian naira breaks its five-day depreciation streak, appreciating to N1,510/$ in the parallel market. This development follows a period of volatility in both official and parallel markets. Central Bank Governor expresses optimism about currency stability, emphasizing its importance for...
Mara, a crypto startup backed by Coinbase, suffered a $16 million loss in 2022 due to leadership issues and financial mismanagement. The transition to a new entity, Jara, raises questions about the company’s future and unresolved liabilities.
In 2021, during the peak of cryptocurrency optimism...
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