The Economy

For the third time in 2023, the Nigerian Customs Service (NCS) has again raised benchmark naira/dollar rate for import tariffs. The Economy gathered that the rates were reviewed upward to …

President Bola Tinubu has expressed the country’s appreciation to France for the return of 150 million dollars stolen from Nigeria by former Head of State, Gen. Sani Abacha. This is …

MTN Nigeria Plc has proposed the issuance of up to N52.896 billion series 8 &9 Commercial paper under its N250 billion issuance programme. This is contained in the company’s notice …

Amidst Nigeria’s foreign exchange woes and dwinling power of the naira, a leading travels brand in the country, Travelwings, has said that tourism can be a major source of foreign …

World’s biggest palm oil producer, Indonesia on Friday flew its first commercial flight using palm oil-blended jet fuel, as the country pushes for wider use of biofuels to cut fuel …

In what seems to be a sweeping move to change chief executives of major Federal Government agencies and parastatals, President Bola Tinubu has removed the Executive Vice Chairman of the …

If precautionary fiscal measures and coordinated approach against inflation are not taken, inflation in Nigeria will deepen, the World Bank has warned. The World Bank dropped the warning in its …

Customs brokers under the aegis of the Association Concerned Freight Forwarders, ACFF, yesterday, commenced moves against the recent increment in the payment of import duties, a development they said would …

The Nigerian government says it has concluded plans to give each of 1.5 million market women across the country N50,000 interest-free loan. The Minister of Humanitarian Affairs and Poverty Alleviation, …

Credit ratings and research firm, Fitch Ratings Inc., has said the naira will continue to depreciate against the dollar as the increasing disparity between the official and parallel exchange rates …