Business
The rhythm of Nigeria's business world
In a bold move to revamp Nigeria's tax system, the Federal Government, under President Bola Tinubu's leadership, is embarking on an ambitious tax reform initiative. The primary objective is to shift a larger share of the tax burden onto the country's wealthier citizens while concurrently...
A group of activist hackers in Nigeria are taking matters into their own hands to fight against environmental degradation caused by oil refinery pollution in the Niger Delta. Following a court ruling in the UK that found Shell not directly responsible for a 2011 oil spill in Nigeria's offshore...
In a startling turn of events, the exchange rate of the Nigerian Naira against the US Dollar has taken a steep dive, reaching an alarming intra-day high of N851/$1 on September 26, 2023, within the Investor and Exporter (I&E) window, the official forex trading platform. This rate hasn't been...
Nigeria
New CBN Governor Unveils Ambitious Plan to Catapult Nigeria's GDP to $1 Trillion in Just 8 Years
Dr. Olayemi Cardoso, the newly confirmed Governor of the Central Bank of Nigeria (CBN), has unveiled ambitious plans to boost the country's Gross Domestic Product (GDP) to $1 trillion within eight years. During his confirmation hearing before the Senate, Cardoso outlined strategies, including...
Dr. Yemi Cardoso, the newly appointed Governor of the Central Bank of Nigeria (CBN), assured the Nigerian public during his Senate screening that the apex bank would not be susceptible to political influence under his leadership. Addressing Senate President Godswill Akpabio's inquiry about...
The Nigerian Senate has confirmed Dr. Olayemi Cardoso as the new Governor of the Central Bank of Nigeria (CBN), along with four Deputy Governors: Emem Usoro, Muhammad Dattijo, Philip Ikeazor, and Bala Bello. Dr. Cardoso's confirmation comes after rigorous screening by the Upper Chambers of the...
The Nigerian government has restated its commitment to centralizing its data through the National Identity Management Commission (NIMC). Hon. Olubunmi Tunji-Ojo, the Minister of Interior, emphasized the government's dedication to the program's success and confidently stated that the era of...
The global crude oil prices have surged to a staggering $93.55 per barrel, raising concerns about another petrol price hike in Nigeria. This price increase coincides with the continued depreciation of the Naira against foreign currencies, with the Naira exchanging at N980/$1 on the parallel...
The financial landscape of Nigeria presents a tale of contrasts. Recent reports highlight the top tier-one banks in Nigeria amassing a combined gross earning of N4.2 trillion in the first half of 2023. These figures, as reported by The Guardian Nigeria, are undeniably impressive, showcasing the...
Nigeria
From Oil Rigs to Households: NNPC's Contract Revamp Promises to Benefit Every Nigerian's Pocket
NNPC Ltd, Nigeria's state oil firm, and leading oil companies have decided to streamline their contract discussions in a move that resonates with the aspirations of every Nigerian. According to Reuters, the negotiation period is set to be reduced from three years to just six months. This...
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