The MPC also voted to retain the cash reserve ratio (CRR) at 50 per cent for deposit money banks and 16 per cent for merchant banks. The Monetary Policy Committee…
Read More CBN retains monetary policy parameters during first MPC meeting in 2025
Category: Economy
Tax Evasion: FG sues Binance for $81bn over economic losses
The Federal Government is seeking $81 billon as compensation from cryptocurrency company, Binance Holdings Limited over alleged economic losses linked to its operations in Nigeria. The Federal Government claimed that…
Read More Tax Evasion: FG sues Binance for $81bn over economic losses
National Assembly corrects errors made in N54.9 trillion 2025 budget
-Following the adjustments, the capital allocation was put at N23.439 trillion, while the recurrent expenditure increased to N13.588 trillion. The National Assembly on Tuesday made corrections on some sectoral allocation…
Read More National Assembly corrects errors made in N54.9 trillion 2025 budget
Dangote’s wealth surges by almost 100% to $23.9bn, now 86th richest in the world
Billionaire Aliko Dangote has seen his wealth nearly double to $23.9 billion, according to Forbes, which ranks the Nigerian entrepreneur as the wealthiest person in Africa and 86th in the…
Read More Dangote’s wealth surges by almost 100% to $23.9bn, now 86th richest in the world
NBS says Nigeria’s inflation rate drops to 24.48%
Our reporter|Nigeria’s headline inflation has dropped to 24.48% year on year in January 2025, the National Bureau of statistics said on Tuesday. This is a sharp decline from the 34.80%…
Read More NBS says Nigeria’s inflation rate drops to 24.48%