Naira Rebounds To ₦1,363.5/$
The naira on Friday strengthened to close at ₦1,363.5 per dollar at the official foreign exchange market. The development followed a sharp depreciation at the...
Economy
-
-
Nigeria Recorded ₦2.28 Trillion VAT in Q3 2025 – NBS
Nigeria’s aggregate Value Added Tax (VAT) revenue stood at ₦2.28 trillion in Q3 2025, according to the National Bureau of Statistics (NBS). In its latest...
-
Naira Closes in the Red at ₦1,341.35/$
The foreign exchange (FX) market witnessed increased demand during Thursday’s trading session, driven by risk-off sentiment among Foreign Portfolio Investors (FPIs). The heightened demand tilted...
-
Inflation slows to 21.88% in July even as food prices climb
Headline inflation eased for a fourth straight month in July to 21.88% from 22.22% in June following an update to the CPI basket and base...
-
Nigeria approves plan to refinance ₦4tn power-sector debt
The federal government has approved the refinancing of approximately ₦4 trillion in power-sector debts owed to 27 generation companies for unpaid invoices dating from 2015...
-
Central Bank holds key rate at 27.5%, signals tight stance
The Central Bank of Nigeria left the Monetary Policy Rate unchanged at 27.5%, citing the need to consolidate disinflation and guard against emerging risks. Governor...
