Economy

Senegal’s Prime Minister Ousmane Sonko speaks while he presents an economic recovery plan that will be implemented without incurring additional debt in Dakar, Senegal August 1, 2025. REUTERS/Ngouda Dione Senegal’s bonds fell sharply on…
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The Minister of Interior, Dr Olubunmi Tunji-Ojo, has unveiled a new policy that guarantees lifetime salary benefits for senior officers retiring from the rank of Deputy Controller, Comptroller, or Commandant-General and above. …
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The Federal Government has officially commenced the process of reviewing the nation’s revenue allocation formula to meet current realities. Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mohammed…
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The Nigerian government has reportedly met two key demands of the Nigerian Labour Congress amid a strike ultimatum. The demands are the reversal of the 40 per cent deduction from the Nigeria Social Insurance Trust Fund into the…
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Importers seeking to send goods to Nigeria are increasingly turning to other West African nations to evade excessive port charges. In less than a month, multiple government agencies, terminal operators, and shipping companies at…
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According to Premium Times, Nigeria has finally won a protracted legal tussle, reclaiming over $6 million in arms funds seized by the United States government since 2014. This ruling marks the end of a decade-long ordeal that left…
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... The proposed legislation is aimed at ensuring all payments including salaries and other transactions are done using the local currency, naira A bill seeking to prohibit the use of foreign currency in Nigeria has passed first…
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The House of Representatives on Wednesday directed its committees to summon the Central Bank of Nigeria (CBN) Governor, commercial bank managing directors, and other stakeholders to address the challenges posed by undocumented Point of…
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The Nigerian naira is predicted to end the year falling to N1,621.7 to a U.S. dollar, continuing its volatility despite interventions by the Central Bank of Nigeria (CBN) to shore up the currency. This new outlook is however a…
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…CBN Raises Interest Rate For Sixth Time In 2024, Now 27.50% The Monetary Policy Commit­tee (MPC) of the Central Bank of Nigeria (CBN) has raised the country’s interest rate for the sixth time in 2024. The new interest rate…
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