Nigeria’s headline inflation has dropped to 24.48% year on year in January 2025.  This is a sharp decline from the 34.80% headline inflation recorded in December 2024. This is according to the National Bureau of Statistics (NBS). The Statistician-General of the Federation Adeyemi…

The House of Representatives on Wednesday began debates on the four tax reform bills transmitted to the National Assembly in 2024 by President Bola Tinubu. The bills are scheduled for a second reading on the floor of the Green Chamber some six months…

The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 27.50 per cent from 27.25 per cent as part of efforts to combat surging inflation.  This followed the meeting of the Monetary Policy Committee (MPC) of the Central Bank…

After several postponements, the Port Harcourt refinery has finally commenced fuel production. The Nigerian National Petroleum Company Limited confirmed this to our correspondent on Tuesday. NNPC spokesperson, Olufemi Soneye, said the loading of trucks would start today. “Port Harcourt Refinery begins production. Truck…

A total sum of N1.354 trillion June 2024 federation accounts revenue has been shared with the Federal Government, states, and local government councils in the country. The revenue was shared at the July 2024 meeting of the Federation Accounts Allocation Committee (FAAC) held…

The World Bank’s newly appointed Country Director for Nigeria, Dr. Ndiamé Diop, has assumed his new position today. He is succeeding Shubham Chaudhuri who completed his term in the same capacity. Before his assignment to Abuja, Dr. Diop served as the World Bank…

Binance has been hit with a fine of 188.2 million rupees ($2.25 million) by India’s Financial Intelligence Unit (FIU), as the crypto exchange firm battles for its reputation in an ongoing court trial in Nigeria. In India, virtual digital asset service providers like…