Business
IMF Denies Role in Nigeria’s Fuel Subsidy Removal, Calls It ‘Domestic Decision’
The International Monetary Fund (IMF) has denied any role in Nigeria’s recent decision to remove fuel subsidies, emphasizing that the decision was solely Nigeria's...
News
CBN Debunks Rumors of Deadline for Old Naira Notes
The Central Bank of Nigeria (CBN) has firmly denied claims that old Naira notes will cease to be legal tender by the end of...
Business
We Are Not Puppets of the IMF – Nigeria’s Finance Minister
In a bold statement, Nigeria's Finance Minister, Wale Edun, has firmly rejected claims that the International Monetary Fund (IMF) dictates the country's economic policies. Edun...
Business
NNPCL Begins Process to Clear $6Billion Debt
The Nigerian National Petroleum Company Limited (NNPCL) has started the process of settling its massive $6 billion debt to oil suppliers, according to the...
News
IMF Reports Naira Showing Signs of Stability Amid Interest Rate Hikes
The International Monetary Fund (IMF) has released a report indicating that Nigeria's currency, the naira, is beginning to show signs of stability. This positive development...
Business
Edun Confirms Plans To Raise VAT on Luxury Goods to 15%
The Federal Government of Nigeria is planning to raise the Value Added Tax (VAT) to 15% specifically on luxury goods. This announcement was made by...
Business
Sacked CBN Directors Seek Court Order to Halt Replacements
A group of sacked directors from the Central Bank of Nigeria (CBN) have taken legal action to stop the bank from replacing them. These former...
Business
Dangote Refinery Falls Short: Fails to Meet Petrol Supply Target
The Dangote Refinery has failed to meet its commitment to supply Nigeria with the promised daily volumes of petrol, according to official data from...