The Naira-for-Crude initiative has ignited a profound debate in Nigeria’s economic landscape, yielding tangible results, such as the consistent drop in petrol prices. It is a development warmly received by …
Business & Economy
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What Did Nigeria Do With Oil in the Years of Plenty? A Nation’s Billion-Dollar Blunders!
by Jude Obusehby Jude ObusehBetween 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 …
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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 …
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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 …
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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 …
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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. …
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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 …
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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, …
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Oil Marketers Crying Over Cheaper Petrol – Whose Interest Are They Protecting?
by Jude Obusehby Jude ObusehFor 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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …