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Banking and Finance

More distress for Nigeria’s poor as naira hits new low

IT is more misery for poor Nigerians as naira hits a new low, crashing to N530/$ on Friday in the Lagos parallel market as...

Angry Nigerians knock CBN for ignoring local fintech companies on eNaira project

ANGRY Nigerians have come hard on the Central Bank of Nigeria (CBN) for ditching local fintech firms and outsourcing its centralised eNaira crypto project...

Nigeria drags feet on economic reforms as World Bank raises red flag on rising debt

THE Nigerian government is yet to implement holistic economic reforms that will make the country an investors' toast and restore the economy to prosperity,...
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Down! Down! Down! goes naira at N522/$

NAIRA weakened by 3.4 per cent at Lagos parallel markets on Wednesday afternoon, a day after the Central Bank of Nigeria (CBN) announced a...

COVID-19: BudgiT reveals N1.1bn earmarked for 50,000 rural women found in 17 personal accounts

A CIVIL society organisation with speciality on good governance financing and budgeting system, Budgit, has revealed that N1.1 billion targeted at 50, 000 rural...

Nigeria’s economy crawling from impact of COVID-19 as insecurity, inflation worsen food crisis

NIGERIA’s fragile economic situation has been worsened by the negative impact of the COVID-19 pandemic. This situation has led to several job losses which have...
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Why VAT can’t work in states – FIRS

THE Federal Inland Revenue Service (FIRS) has said that...