Economy

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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By William Emmanuel UkpojuIn 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…
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By William  Emmanuel UkpojuIn 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…
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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…
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By William Emmanuel UkpojuAfrica'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…
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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…
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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…
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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…
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