economy

A prominent lawyer and leading Senior Advocate of Nigeria, Mr Ahmed Raji, has said taxation is now a major source of income for all countries of the world. According to him, most countries of the are now focussing on taxation in the face…

Good afternoon Ladies and Gentlemen, and welcome to this special press briefing at the Central Bank of Nigeria. We have called this gathering to inform all our stakeholders and the general public of persisting concerns we currently face…

As a result of the increasing scarcity of foreign exchange in Nigeria, First Bank of Nigeria has suspended the usage of the Naira Mastercard, Naira Credit Card, our Virtual card, and Visa Prepaid Naira card for international transactions.…

At the resumption of plenary yesterday, the House of Representatives joined the growing number of Nigerians who have expressed concern that the country may be approaching a debt trap, as the Debt Management Office (DMO) revealed that…

CWG Plc has stated that the federal government’s policy inconsistencies and the unavailability of foreign exchange are hindering the Nigerian business community, noting that, the precarious situation has made many business concerns to cease…

Nigeria has released $250m to Global Steel Holding Limited as the first tranche of the $496m agreed by both parties over the dispute arising from the Ajaokuta steel complex. A Spokesman for Nigeria’s Attorney-General, Dr.…

Mixed sentiments prevailed in the Nigerian stock market on Tuesday as investors investments went up by N1 billion. The All Share Index (ASI) rose by 2.01 points, representing a gain of 0.004 per cent to 49,627.72 points. Accordingly,…