CBN data shows reserves rose slightly from $43.116bn on December 31, 2018, to $43.174bn on January 31, 2019, before falling to $42.296bn at the end of February. It gained over $1.8bn in the month of March.

National leader of the All Progressives Congress (APC), Bola Tinubu, has kicked against reports of government’s plan to increase the Value Added Tax (VAT). The VAT which is charged at 5% could be hiked to 50% considering statement attributed to Minister of Finance, Zainab Ahmed, that the Nigerian government has concluded plans to increase revenue by introducing new taxes. Officials […]

The figure is generated from the number of active subscribers in the months under review, which was obtained from the Nigerian Communications Commission (NCC) and the industry’s Average Revenue Per User (APRU) provided by network operators.

The FGN N100bn Bond auction for March 2019 oversubscribed in excess of 140bn just as in the auctions for January and February.

The Corporate Affairs Commission (CAC), the body responsible for incorporation of enterprises in Nigeria has revealed that it has registered 3,098,193 firms since inception. It said the figures are since the founding in 1990 to March 21, 2019. The number covers all categories of businesses in Part A, B and C. Acting Registrar of the Commission, Mrs Azinge Azuka disclosed […]

The Nigeria Stock Exchange (NSE) reveals in its latest foreign portfolio investment report that foreign inflows to the economy increased by 91.24 percent between January and February.

Tony Elumelu urges president Muhammadu Buhari to improve electricity so entrepreneurship can thrive at the presentation of 3050 participants in the 2019 TEF entrepreneurs seed funding

The Debt Management Office (DMO) announces auction for 100bn Nigeria Bonds maturing until February 2028.

The Nigerian Senate approved the minimum wage of 30, 000 for civil servants at Federal and State levels, on Tuesday

Seventeen ships load with fuel and other goods to arrive Nigeria from March 17 to 29