Oct 23, 2024 · The International Monetary Fund (IMF) has forecasted that Nigeria’s economy will grow by 3.2% in 2025, while inflation is expected to decrease to 25% that same year. This was revealed in the IMF’s latest World Economic Outlook (WEO) report, which also projects global economic growth to remain steady at 3.2% in 2025, unchanged from 2024. […]

Nov 19, 2024 · The Central Bank of Nigeria (CBN) issues a public warning to Nigerians about fraudulent individuals claiming to hold award letters for construction contracts and special financial interventions allegedly issued by the bank.

Oct 24, 2024 · The Federal Government is preparing to gradually increase the Value Added Tax (VAT) rate from 7.5% to 15%, aiming to improve domestic revenue collection and bolster public finances. According to a document from the Ministry of Finance, the government plans to address its revenue challenges by expanding the tax base and tightening compliance, particularly with […]

Jan 16, 2025 · According to a report from the Africa Solar Industry Association (AFSIA), Nigeria has increased its solar energy capacity by 63.5 Megawatt peak (MWp) in 2024, bringing the country's total installed capacity to 385.7 MWp by the end of the year.

Nov 11, 2024 · Bright Echefu, the founder of Telecom Satellites Limited (TSTV), unveils LUFT TV, a new Pay TV service, years after his...

Dec 3, 2024 · The exchange rate between the Naira and the US dollar, according to the data released on the FMDQ Security Exchange, the official forex trading portal, showed that the Naira closed at 1730.00 pe $1 on Tuesday, December 3, 2024. Naira traded as high as 1663.00 to the dollar at the investors and exporters (I&E) window on Monday.

Nov 15, 2024 · The Federal Executive Council (FEC) has approved the Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for 2025–2027, proposing a budget of N47.9 trillion for 2025.

Nov 7, 2024 · Nigerian films now dominate the box office, holding 50.4% of total revenue in 2024—an impressive shift that edges out foreign film earnings, according to veteran actor Dr. Patric Doyle.

Jan 2, 2025 · The Nigerian stock market, tracked by the All-Share Index (ASI), concludes 2024 with an impressive 37.65% growth, marking its fifth consecutive year of gains. This performance highlights sustained bullish momentum and resilience in the face of economic challenges.

Nov 18, 2024 · Ibe Wada studied Mass Communication and a dedicated journalist. She is currently working with Bizwatch, an online media platform, where she applies her expertise in delivering impactful news stories and engaging reportage.