Business & Economy

Between 2010 and 2014, Nigeria stood at the cusp of unprecedented economic transformation. The nation, blessed with rich hydrocarbon deposits, witnessed an oil boom that many experts described as a …

While the streets of Nigeria are filled with hunger-stricken faces, jobless youth, and families struggling to buy a cup of garri, the government of President Bola Ahmed Tinubu has once …

In the unending battle of economic stability, with both promising growth and persistent challenges, the Central Bank of Nigeria (CBN) has made a pivotal decision by retaining the Monetary Policy …

The Central Bank of Nigeria’s (CBN) financial statements for the year 2024 have generated significant interest, not only among financial analysts and economists but also among regular citizens keen on …

The recent International Monetary Fund (IMF) and World Bank Group (WBG) Spring Meetings brought to the forefront the pressing need for global cooperation in navigating an increasingly complex economic landscape. …

In recent months, the Nigerian foreign exchange market has attracted substantial attention due to the proactive measures initiated by the Central Bank of Nigeria (CBN) under the stewardship of Yemi …

Dayo Mobereola’s first year as Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA) has been marked by transformative changes, strategic reforms and innovative partnerships. Appointed in March 2024, …

For years, oil marketers in Nigeria thrived on fuel price hikes, artificial scarcity, and cartel-like control over the downstream petroleum sector. But now that petrol prices are dropping, they are …

Nigeria’s economy is currently navigating through a landscape marked by numerous challenges. At the forefront of addressing these issues is the Central Bank of Nigeria (CBN), which has taken on …

In a strategic move reflecting confidence and stability, the Central Bank of Nigeria (CBN) has chosen to maintain the monetary policy rate at 27.50%. This decision underscores the bank’s commitment …

It was an audacious move when President Bola Ahmed Tinubu transmitted four tax reform bills to the National Assembly on October 3, 2024. The Tax Reform Bills include: Nigeria Tax …

The launch of the Nigeria Foreign Exchange Code (FX Code) marks a significant milestone in the country’s journey towards a more transparent and accountable foreign exchange market. This landmark initiative …

As we navigate the complex and evolving economic landscape, the Central Bank of Nigeria’s commitment to improving communication, fostering dialogue, and collaborating on critical issues shaping monetary policy is more …

In 2024, the Central Bank of Nigeria (CBN) experienced a pivotal transformation under the innovative leadership of Governor Yemi Cardoso. Faced with a myriad of economic challenges that have hindered …

The Year 2024 has been flogged to death! With 2025 now underway, it’s clear that this year will be crucial for Nigeria and Nigerians. To ensure a game-changing year, the …

By Stephen K. Dieseruvwe Delta State being an oil producing state in Nigeria receives from the 13 per cent derivation fund as a benefit transfer scheme as stipulated in Section …