UK Job Market Contraction as Tax Hikes and US Tariffs Threaten Economic Stability
The UK labour market showed signs of strain in March as both payrolled employment and job vacancies experienced a noticeable decline ahead of new tax...
SHOCKER: Nigeria’s Total Public Debt Hits N144.67 Trillion, Marks 48.58% Surge Year-on-Year
Nigeria’s total public debt soared to N144.67 trillion (equivalent to $94.23 billion) as of December 31, 2024, marking a substantial year-on-year increase of 48.58% compared...
Naira Appreciates To N1,575 Per Dollar In Parallel Market
On Wednesday, the Naira experienced an appreciation in the parallel market, strengthening to N1,575 per dollar from the N1,585 per dollar recorded on Monday. However,...
BREAKING: President Tinubu Proposes N47.9trn As 2025 Budget
The Federal Government of Nigeria has proposed a total budget expenditure of N47.9 trillion for the 2025 fiscal year. This was announced by Atiku Bagudu,...
JUST IN: Any Transactions Above N500,000 Can Get You Into Trouble – Police Warns POS Operators
The Delta State Police Command’s spokesperson, SP Edafe Bright, has issued a warning to Point of Sale (POS) operators regarding transactions exceeding N500,000. He cautioned...
Naira Falls To N1,645 Per Dollar Despite Central Bank’s Retail Dutch Auction System
In the past week, the Nigerian Naira experienced significant depreciation in both the parallel and official foreign exchange markets, losing N30 and N28.48, respectively. This...
JUST IN: Tinubu Removed Fuel Subsidy Because It Was Costing The Government N400Bn Every Month – Finance Minister, Wale Edun
The Minister of Finance and Coordinating Minister of the Economy Wale Edun says fuel subsidy was costing the country N400bn monthly. President Bola Tinubu...
JUST IN: CBN Governor, Cardoso Orders Foreign Remittances To Be Paid In Naira
International Money Transfer Operators and banks in the country have halted the payment of dollars to their customers. Some banks on Friday informed their customers...
New Central Bank Governor, Cardoso, Orders Removal Of 2.5% Spread On FX Transactions, Reintroduces ‘Willing Buyer, Willing Seller’ Policy
The Central Bank of Nigeria has removed the spread it placed on foreign exchange transactions barely seven months after it reintroduced the “Willing Buyer and...
BREAKING: Binance To Pay $4.3bn Fines In US, Founder To Step Down Over Money Laundering Scandal – Report
The world’s biggest cryptocurrency exchange Binance is expected to pay fines totaling $4.3 billion and its chief is planning to step down, a US media...