Browsing: Economy
The Nigeria Revenue Service (NRS), formerly known as the Federal Inland Revenue Service (FIRS), broke its record revenue collection performance, posting N28.3 trillion to surpass the set target of N25.2 trillion for the year 2025.
Inflow into Federation Account Rises to N35trn in 2025 –AGF The Accountant-General of the Federation (AGF), Dr Shamseldeen Ogunjimi, has…
Money market rates fell as deposit money banks (DMBs) stepped up cash lodgment at the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) window, enhancing financial system liquidity.
BoI Secures CBN Approval to Operate Non-Interest Banking Window The Bank of Industry (BoI) has secured regulatory approval from the Central…
The Nigerian naira traded positively against the US dollar (NGNUSD) at the official window in the absence of demand pressures with the Apex Bank initiating reversed FX intervention to slowdown rally.
Edo Govt., NNPC Partner to Establish 10,000-bpd Condensate Refinery The Edo Government and the Nigerian National Petroleum Corporation (NNPC) Limited…
CBN Cuts 1-Year Treasury Bill Rate by 138bps, Rejects Bids The Central Bank of Nigeria (CBN) cut the spot rate…
Nigerian banks will continue to face asset quality challenges following the total forbearance shutdown by the Central Bank in 2025, S&P acknowledged in a new report.
FBNQuest Merchant Bank Rebrands as Quest Merchant Bank FBNQuest Merchant Bank has officially changed its name to Quest Merchant Bank…
Tinubu’s Reforms Now Global Reference Point — World Bank The World Bank has commended President Bola Tinubu’s reform drive, describing…