The Central Bank of Nigeria (CBN) has reduced its benchmark interest rate from 27.5% to 27%, marking the first rate cut in over a year. The...
Nigeria’s headline inflation rate has dropped for the fifth consecutive month, prompting renewed calls for the Central Bank of Nigeria (CBN) to reduce its benchmark interest...
The Federal Inland Revenue Service (FIRS) has emphasized that voluntary tax compliance is the most sustainable way to improve Nigeria’s tax revenues. Tayo Koleosho, Chief of...
The Nigerian naira continued its downward trend against the U.S. dollar at the official foreign exchange market for the second consecutive day this week. According to...
Premium motor spirit prices at Nigerian filling stations have surged following recent increases in ex-depot prices by Dangote Refinery and depot owners. Nigeria News 247 correspondents...
The International Monetary Fund (IMF) has identified Nigeria’s private sector as a powerhouse with a remarkable $17.3 billion opportunity spanning four critical economic sectors. This acknowledgment...
The Sokoto State Government has taken a major step toward modernizing its public transportation network with the launch of 30 new mass transit buses. The initiative,...
Alhaji Aliko Dangote, President of the Dangote Group and one of Africa’s leading industrialists, has called on President Bola Ahmed Tinubu to protect Nigeria’s local industries...
Businesses, manufacturers, and banks in Lagos—the commercial hub of Nigeria—are expected to suffer losses running into hundreds of billions of Naira as a 25-day daily power...
The Lagos State chapter of the Poultry Association of Nigeria (PAN) has unveiled ambitious plans to establish direct-to-consumer sales points in every Local Government Area (LGA)...
