Business

Naira Falls To N1,629/$ Despite $668m CBN Intervention

Despite the Central Bank of Nigeria (CBN) injecting $688.8 million into the official Nigerian Foreign Exchange Market (NFEM), the naira's exchange rate against the...

FG Reacts To Trump’s 14% Tariff On Nigerian Exports

The Nigerian Federal Government has responded to the recent imposition of a 14% tariff on Nigerian exports by the United States, a measure enacted...

Naira Depreciates By 0.93% Against Dollar At Official Market

The Naira's value decreased in the official market on Friday, falling to N1,567.02 against the US dollar. Information from the Central Bank of Nigeria (CBN)...

Why Nigeria Has Lowest GDP Ratio Globally – Shettima

Vice President Kashim Shettima has offered an explanation for Nigeria's exceptionally low tax-to-GDP ratio compared to other nations. Speaking at a workshop in Abuja on...

Trump Imposes 14% Tariff On Nigerian Exports To US

US President Donald Trump announced a 14 per cent tariff on exports from Nigeria to the United States. The decision, made public during a ‘Make...

CBN Speaks On Alleged Introduction Of N5,000, N10,000 Banknotes

The Central Bank of Nigeria has rejected reports claiming it introduced N5,000 and N10,000 banknotes to ease cash transactions, labeling the information as false. In...
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