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Economy
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Currency depreciations risk intensifying global food, energy crisis, says World Bank
The shrinking value of the currencies of most developing economies is driving up food and fuel prices in…
FIRS commences direct tax collection from online gaming operators
The Federal Inland Revenue Service (FIRS) says it has commenced the deduction of taxes at transaction points from…
New N200, N500, N1000 banknotes to debut December 15
. Old notes no longer legal tender from January 31, 2023 By Clara Nwachukwu Effective December 15th, the…
Customs describes allegations of compromise in vehicle auction as baseless
The Nigeria Customs Service (NCS) has denied claims of compromise in the auctioning of overtime cargoes, particularly vehicles.…
CBN, NIBSS set to introduce national card scheme
The Central Bank of Nigeria (CBN), Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, and the Bankers’ Committee are planning…
Lifting 100m out of poverty by 2025 still possible, despite recession threat
A flagship UN poverty study released on Monday, the International Day for the Eradication of Poverty, finds that…
Nigeria’s Inflation jumps 17-year high to 20.77% in September
By Clara Nwachukwu Nigeria’s headline inflation raced to a new 17-year high to 20.77% in September, on the…
CBN restricts foreign banks from ‘banking businesses’ in Nigeria
The Central Bank of Nigeria (CBN) has barred foreign banks operating representative offices in the country from providing…
World Bank warns of food, energy, fertilizer crisis in 2023
. Worries over $44bn debt service by developing countries By Clara Nwachukwu The World Bank Group has warned…
Food Security: EU contributes €100m to IMF’s poverty reduction in Africa, others
The European Union (EU) on Friday signed a €100 million grant agreement (about $97.2 million) for the International…