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Central bank maintains benchmark rate for third time in 2025 Abuja, Nigeria – The Central Bank of Nigeria held its Monetary Policy Rate at 27.5% following the 301st Monetary Policy Committee meeting on Tuesday. CBN Governor Olayemi Cardoso announced the decision…
Food prices rise despite third month of overall decline Abuja, Nigeria – Nigeria’s inflation rate fell to 22.22% in June 2025 from 22.97% in May, marking the third consecutive monthly decline. The National Bureau of Statistics released the data showing an…
Presidential adviser fires back at fund’s economic recommendations, calling them unrealistic and harmful to recovery efforts. Abuja, Federal Capital Territory – The Nigerian Presidency launched a scathing attack on the International Monetary Fund (IMF) this week, accusing the global lender…
Fund calls for deeper revenue reforms and expanded cash transfers to tackle widespread poverty despite recent economic progress. Abuja, Nigeria – The International Monetary Fund delivered a mixed report card to Nigeria this week, praising the country’s courage in tackling…
Business boom doubles trade volume in five years, opening new opportunities for entrepreneurs. Lagos, Nigeria – Nigeria Indonesia trade has shattered previous records, reaching an impressive $4.7 billion in bilateral volume that signals a new era of economic partnership. This…
State oil company reduces pump price from N945 to N910 following crude oil decline Abuja – The Nigerian National Petroleum Company Limited (NNPCL) reduced petrol prices at its retail outlets nationwide over the weekend. The N35 per litre price cut brings…
ABUJA, Nigeria – The International Monetary Fund endorsed monetary policy reforms implemented by Nigeria’s Central Bank Governor Olayemi Cardoso, citing improved macroeconomic stability and enhanced financial system resilience. The IMF report highlights a 90% reduction in deficit financing and significant…
Abuja — President Bola Tinubu signed four landmark new tax laws on Thursday. These reforms aim to simplify Nigeria’s tax system and boost government revenue. The changes focus on increasing income without adding hardship for citizens. These New Tax Laws consolidate over 50…
Seme, Nigeria – The Seme Command of the Nigeria Customs Service (NCS) generated N3.5 billion in revenue between January and May 2025. This figure highlights the command’s contribution to national finances. The announcement came during a visit by Zonal Coordinator of…
Abuja – The Nigerian National Petroleum Company Limited (NNPC) retail outlets have adjusted petrol pump prices, raising the rate to N945 per litre in Abuja and N915 in Lagos. This petrol price hike signals new shocks for Nigeria’s fuel market, directly impacting…
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