Britain will seek to confiscate 101.5 million pounds ($130 million) from James Ibori, a former Nigerian state governor who abused his office…
Category:
Economy
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EconomyFinanceNews
Nigerians paid N13.8bn as Electronic money transfer levy in February 2023 as 3 tier of govts shared N1.03trn—NBS
National Bureau of Statistics has said that Nigerian paid a tax of N13.80 billion from Electronic Money Transfer Levy (EMTL) in February…
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Britain’s export finance agency will add the Naira to its list of “pre-approved currencies” for financing transactions. This will enable the agency…
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National Bureau of Statistic has said that the cost of food across the country in June 2023, was highest in Lagos (25.75%),…
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Head of the EU Delegation to Nigeria and ECOWAS, Ms Samuela Isopi said the EU has offered postgraduate scholarships to 109 young…
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Nigerian Export Promotion Council (NEPC) said there was a decrease in the country’s non-oil export performance during the first half of 2023.…
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EconomyFinanceNews
Tinubu seeks additional $800m loan from World Bank, after paying off $500m Eurobond
President Bola Tinubu is seeking additional loan of $800 million from the World Bank for the National Social Safety Net Programme after paying…
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EconomyFinanceNews
CBN stops Naira for dollar scheme, directs international money transfer operators to pay in Naira
The Central Bank of Nigeria (CBN) has directed International Money Transfer Operators (IMTOs) to pay the Naira equivalent of dollars received through…
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Central Bank of Nigeria has said that Nigeria got a total of $952 million as direct remittances from Nigerians abroad between January…
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Nigeria and Kenya have both had positive economic policy developments in the last couple of months, one of S&P Global’s top sovereign…
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U.S. Embassy in Abuja and the U.S. Consulate General in Lagos has hosted pre-departure orientations for several hundred Nigerian students who will…
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National Bureau of Statistic has said that Nigeria’s total capital inflow for the first quarter of 2023 dropped by 28% in the…
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Some financial experts have urged the Federal Government to explore Public Private Partnership (PPP) option in addressing the country’s infrastructural challenges. They…
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The Women’s Technology Empowerment Centre (W.TEC), a non- profit organisation says it has trained 288 girls on electronics and renewable energy to…
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A Nigerian court has directed President Bola Tinubu’s government to disclose how much in stolen funds it has recovered from late military…