Economy

The Trade Union Congress (TUC) has rejected the revised minimum wage of N54,000 proposed by the Federal Government, citing the significant devaluation of the naira since 2011. In a monitored interview with Arise News, TUC President…
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Why are BRICS countries so gung-ho about dedollarization? Well, picture this: they’re kinda fed up with the US dollar hogging the spotlight in global trade and finance. It’s like they’re saying, “Hey, we’re big players too!” First…
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World Bank The World Bank has blacklisted 58 Nigerian companies and individuals for engaging in corrupt practices, a move that comes as part of the institution’s ongoing efforts to uphold integrity and transparency in its projects and…
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Mr. Olayemi Cardoso The Central Bank of Nigeria (CBN) has granted approval-in-principle (AIP) to 14 new International money transfer operators (IMTOs) in its bid to double foreign currency remittance flows through formal channels. …
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Acting SEC DG, Emomotimi Agama The Securities and Exchange Commission (SEC) has vowed to collaborate with the Economic and Financial Crimes Commission (EFCC) to mitigate forex trading manipulations within the virtual space. Acting…
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Following the naira’s depreciation, the Central Bank of Nigeria has raised the exchange rate for calculating import duty at Nigeria’s ports to N1,457.014 per dollar. The Customs Forex duty rate represents a three-percent hike in the…
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For the first time, a senior Zimbabwean official has revealed that corruption costs the country nearly $2 billion annually, severely impacting the economy and ordinary citizens. The country’s Prosecutor-General, Loice Matanda-Moyo …
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Ngozi Okonjo-Iweala The Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has called on the Bola Tinubu-led federal government to streamline its taxes and levies. Okonjo-Iweala spoke in Abuja at the…
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President Bola Tinubu has ordered the Central Bank of Nigeria to suspend the implementation of the controversial cyber Security levy policy. He has also ordered a review of the policy, which Nigerians and financial experts have…
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The House of Representatives has requested that the Central Bank of Nigeria withdraw a circular that mandates all banks to charge a 0.5% Cyber Security levy on all electronic transactions in the country. The circular has been met…
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