Economy

Nigerian Senate Moves To Ban Dollar Salaries, Foreign Currency Transactions Nigeria’s Senate is moving to ban the use of the dollar and other foreign currencies for local transactions, with the introduction of a new bill. The proposed legislation, titled “A Bill for an Act to Alter the Central Bank of …

UBA Group to Commence Full Banking Operations in France “As part of President Asiwaju Bola Ahmed Tinubu’s state visit to France, the Chairman of UBA Group, in the presence of President Tinubu and the President of France, Emmanuel Macron, signed a landmark business cooperation agreement with the French Finance Minister, …

The Central Bank of Nigeria (CBN) has charged Nigerian youths to cultivate the culture of saving for a fulfilled future. The apex bank celebrated World Savings Day, yesterday, October 31, in Abuja. The Acting Head of Consumer Protection Department of CBN, Mr. Ibrahim Yahaya, told journalists at the event, that …

The National Chairman of the All Progressives Congress (APC), Umar Ganduje, says President Tinubu is doing a great job and working to make sure the current economic hardship facing the people comes to an end. He said this when he spoke in Akure at the inauguration of the 305-member National …

The Federal Government has proposed a five per cent excise duty on telecommunications services, gaming, and betting activities as part of a new bill to overhaul Nigeria’s tax framework. The bill, titled, “A Bill for an Act to Repeal Certain Acts on Taxation and Consolidate the Legal Frameworks relating to …

A time will come when Nigerians will be happy and thank my administration for making tough decisions — Pres. Tinubu President Bola Tinubu has said a time will come when Nigerians will appreciate his administration for taking tough policies. Speaking at an APC event in Lagos on Saturday, October 5, …

Nigeria’s local currency, the naira, has been ranked among the 10 worst-performing currencies in the world, according to a report by Bloomberg. The report highlights that five of the worst-performing currencies globally are from Africa, including the Zambian kwacha, Angolan kwanza, and the naira. The decline in the performance of …

Hardship:” I understand that we are hungry, but no free beer parlour anymore” Tinubu tells Nigerians. President Bola Tinubu has called on Nigerians to remain patient despite the high cost of living, stating that the country can no longer expect “a free bowl” without addressing its economic challenges The President …

President Bola Tinubu has reassured Nigerians that his administration’s primary focus is on driving real change in areas like infrastructure, food and energy security, education, and economic stability, rather than personal gain. Speaking during a meeting with the Forum of Former Presiding Officers of the National Assembly, led by former …

‘VAT and Fuel price hikes will worsen Cost-Of-Living in Nigeria- Atiku warns FG Former Vice President Atiku Abubakar has condemned plans by the federal government to increase Value Added Tax, saying it will worsen the cost of living crisis amongst Nigerians. In a statement released on social media on Sunday, …