Samuel Nwite
AUTHOR: Samuel Nwite
Nigeria’s Debt Servicing Payments Rises By 69% at N6.04tn In H1 2024 – CBN
Nigeria’s debt servicing payments surged by 69% in the first half of 2024, reaching a monumental N6.04 trillion, compared to N3.58 trillion in the...
Nigeria’s Industrial Sector Contracts For Ninth Consecutive Month in September 2024 – CBN
Nigeria’s industrial sector continued its contraction for the ninth consecutive month in September 2024, according to the latest Purchasing Managers’ Index (PMI) report published...
Nigerian Government Removes 63 Items from VAT (Full List)
The Federal Government of Nigeria has announced the exemption of 63 items from Value-Added Tax (VAT). This is part of a larger strategy to...
Nigeria’s Central Bank Introduces Electronic FX Matching System (EFEMS), For All FX Transactions
In a move aimed at transforming the foreign exchange market in Nigeria, the Central Bank of Nigeria (CBN) has unveiled its newest tool: the...
African Petroleum Producers Secure 45% Startup Capital to Launch $5bn Energy Bank
In a move to bridge the widening gap in oil and gas financing, several African oil-producing nations, under the aegis of the African Petroleum...