Tuesday, April 22, 2025

Economy

CBN finally admits breaking law with N23 trillion loan to Buhari govt

The Central Bank of Nigeria (CBN) has admitted for the first time it broke the law by advancing N23.2 trillion to the Buhari government,...

Nigeria dollar bonds fall after CBN report reveals Goldman Sach, JP Morgan loans

The Central Bank of Nigeria released its financial report on Friday for the first time in seven years, revealing it took hefty loans from...

Naira could take 18 months to stabilize after reforms, IMF says

Stabilizing Nigeria's economy and the naira exchange rate could take up to 18 months after recent reforms, the International Monetary Fund says, warning that...

Nigeria currency traders want Binance banned

The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Nigerian government to ban the cryptocurrency exchange Binance from operating in...

Nigerians may pay more as Tinubu seeks higher tax-to-GDP

President Bola Tinubu says his administration aims to rapidly increase Nigeria’s tax coverage as a way of raising revenue to cut back on government...

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