Fuel Subsidy Removal and FX Unification to Drive Inflation to 30%, Says KPMG Report
KPMG, a global financial advisory service firm, has forecasted that Nigeria's headline inflation will surge to 30% by December 2023....
Corporate Affairs
Imported Goods Face Hike in Prices as CBN Alters Exchange Rate Used by Nigeria Customs Service
The Customs duty payable on imported items at Nigeria's seaports has surged following the Central Bank of Nigeria's (CBN) recent...
CBN Introduces Disclosure Policy: CBN Directs Staff to Declare Relatives Employed by the Bank and Connections to Politically Exposed Persons
The Central Bank of Nigeria (CBN) has recently issued a directive requiring its staff to disclose any close relatives employed...
Central Bank of Nigeria Affirms That All Banknotes, New and Old, Remain Legal Tender
The Central Bank of Nigeria (CBN) has clarified that all banknotes, whether old or new, remain valid legal tender in...
NUPENG Trustee Highlights Reasons for Persistent Fuel Scarcity in Nigeria
Fuel scarcity in Nigeria may persist due to several factors including non-functional refineries, instability in the naira-to-dollar exchange rate, overreliance...
Naira’s Rebound: ABCON Credits It to CBN’s Dual Approach of Dollar Liquidity Injection and Naira Mopping
The Naira's recent strength against the US Dollar is attributed to the Central Bank of Nigeria's (CBN) measures to increase...
Investors Eager to Invest $15.5 Billion in Abidjan-Lagos Highway, Says AfDB President
Dr. Akinwumi Adesina, the President of the African Development Bank (AfDB), has announced that the Abidjan-Lagos highway corridor has attracted...
Chinese-Government Sponsored Agricultural Training Benefits 400 Nigerian Officials
The Chinese Government initiative Green Agriculture West Africa Limited has provided agricultural technical training programmes for over 400 Nigerian government...
Nigeria Considers Importing Crude Oil to Fuel Kaduna Refinery Amid Production Challenges
The Nigerian National Petroleum Company Limited (NNPCL) is considering importing 110,000 barrels of crude oil per day from Venezuela or...
Government Promises Level Playing Field for CNG Adoption, No Monopoly Allowed
The Federal Government of Nigeria has expressed its commitment to ensuring that there is no monopoly or concentration of power...
