Economy

By William Emmanuel Ukpoju In a move to enhance national cybersecurity efforts, the Central Bank of Nigeria (CBN) has announced the introduction of a 0.5% Cyber Security levy on all electronic transactions. The levy, which takes…
Read More...

By William  Emmanuel Ukpoju In a significant move to accelerate Nigeria's economic growth, President Bola Tinubu has commissioned three critical gas infrastructure projects being undertaken by the Nigerian National Petroleum Company…
Read More...

Vice President of the Federal Republic, Senator Kashim Shettima will be speaking on the Tinubu Administration’s Economic and Social Agenda: How it will transform Nigeria at the 2nd Chronicle Roundtable on Thursday, May 2, 2004. The…
Read More...

By William Emmanuel Ukpoju Africa's economic landscape in 2024 is characterized by a mix of resilience and challenges, with South Africa emerging as the continent's largest economy, according to the latest IMF data. Despite facing…
Read More...

The Kaduna Internal Revenue Service (KADIRS) has sealed branches of the United Bank for Africa (UBA) in the state capital over an alleged refusal to pay N14.3 million in tax. Hajiya Aysha Ahmad, the KADIRS Board Secretary and Legal…
Read More...

Central Bank of Nigeria, CBN Nigeria’s external reserves shed $2.16 billion in the past month, falling to a seven-year low of $32.29 on April 15, 2024, from $34.45 billion on March 18, 2024, according to CBN data. A recent Bloomberg…
Read More...

By William Emmanuel UkpojuIn a significant development for Nigeria's economic future, President Bola Tinubu has launched the National Single Window initiative, signalling a major shift in the country's trade dynamics.  According to…
Read More...

By William Emmanuel Ukpoju At a recent gathering of Nigeria’s political leaders in Lagos, President Bola Tinubu delivered a message of economic optimism, forecasting a robust turnaround for the nation’s economy by December 2024. …
Read More...

By William Emmanuel Ukpoju In a recent development, the Economic and Financial Crimes Commission (EFCC) has declared a crackdown on establishments within Nigeria that demand payment in dollars for services rendered. EFCC’s…
Read More...

By William Emmanuel Ukpoju In a decisive move to reinforce the stability of Nigeria’s financial system, the Central Bank of Nigeria (CBN) has issued a new directive that restricts the use of foreign currency as collateral for naira…
Read More...