Ahead of the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) on Monday and Tuesday, the financial regulator has reiterated the resilience, safety and soundness of

The Central Bank of Nigeria (CBN) Thursday disclosed that its much-anticipated digital currency will be launched on October 1. CBN Director, IT Department, Mrs. Rakiya Mohammed, revealed this during a

The statutory payments made by the Nigerian National Petroleum Corporation (NNPC) to the Federation Account, a joint pool operated by the local, state and federal governments, declined by over 63

A report by the Economist Intelligence Unit (EIU), London, has predicted that the federal government might effect a 100 per cent rate increase in the Value Added Tax (VAT) from

The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele on Monday said the country was likely to make significant strides over the next three years in repositioning the

After over a two-week stalemate, the Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+ on Sunday resolved to gradually add more inventory to the oil market,

The banking industry has made a dramatic leap in its Nigerian Sustainable Banking Principles (NSBP) with the recent appointments of two females as Chief Executive Officers (CEOs). The coming on

The Central Bank of Nigeria (CBN) on Friday stated that sugar importation in the country can only be done by Dangote Sugar Refinery Plc, Golden Sugar Company, owned by Flour

Tax administrators of the Economic Community of West African States (ECOWAS) member states Thursday intensified efforts to make it difficult for individuals and business entities, especially multinational institutions, to evade

Uncertainty continues to shroud the report of the National Assembly’s conference committee on the Petroleum Industry Bill (PIB), with the House of Representatives stepping down the report. The situation is

Nigeria’s crude oil production dipped by a cumulative 56.559 million barrels in the first six months of 2021 compared with the quantity pumped during the same period last year, documents

Nigeria’s federal government on Wednesday gave the go-ahead for the award of a contract to Dangote Group for the construction of five roads totalling 274.9 kilometres at the estimated cost

China’s economic growth slowed to a still-strong 7.9% over a year earlier in the three months ending in June as a rebound from the coronavirus leveled off. As expected, the

The Nigerian National Petroleum Corporation (NNPC) failed to remit N3.878 trillion, some $9.435 billion revenue from domestic crude oil sales to the Federation Account, the country’s senate has said. The

The Organisation of Petroleum Exporting Countries (OPEC) has moved to sort out its impasse with the United Arab Emirates (UAE), with a compromise deal being hammered out that could allow