Oyedele Says He’s Receiving Threats Over Tax Reform Agenda
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has revealed that he has been receiving threats in connection with Nigeria’s ongoing tax reform policy. Speaking at a governance colloquium held to celebrate the 50th birthday of the Special Adviser to President Bola Tinubu on
Dollar Sells for ₦1,500 in Lagos Black Market
The black market, also known as the parallel market or Aboki FX, has pegged the dollar at ₦1,500 for sales and ₦1,485 for purchases in Lagos as of Tuesday, January 13, 2026, according to sources at Bureau De Change (BDC) outlets. The parallel market rate provides an alternative for individuals
World Bank Sees Nigeria Growing 4.4% in 2026, 2027
The World Bank has projected that Nigeria’s economy will grow by 4.4 per cent in both 2026 and 2027, describing the outlook as the country’s fastest growth rate in more than a decade. The projection is contained in the Global Economic Prospects report released by the Bretton Woods institution in
CBN issues FX code as Naira gains
The Central Bank of Nigeria, CBN, on Monday released the Nigeria Foreign Exchange (FX) Code as the Naira appreciated against the dollar at the black market. The apex bank disclosed this in a statement on Monday. According to the CBN, the FX Code became necessary to mitigate risks following various
FG gives traders one month to crash prices
By Ariwodo praise izuchukwu The Federal Competition and Consumer Protection Commission has given a one-month moratorium to traders and other market stakeholders involved in exploitative pricing to crash the prices of goods. The newly appointed Executive Vice Chairman of the FCCPC, Mr Tunji Bello, said this at a one-day stakeholders
US data boosts Asian, European markets
By Ariwodo praise izuchukwu Asian and European markets rose Friday after a record day on Wall Street, boosted by a strong round of United State data that reassured investors over the health of the world’s top economy, while focus turns to the release of key inflation figures. Next up is
PEBEC releases 2024 report
By Ariwodo praise izuchukwu The Presidential Enabling Business Environment Council (PEBEC) unveiled its 2024 Half-Year Transparency and Efficiency report on Tuesday, showcasing substantial progress achieved by Nigerian Ministries, Departments, and Agencies (MDAs) in enhancing transparency and efficiency. The Nigerian Content Development Board (NCDMB) topped the list with an impressive score
What Every Business Should Know
By Ariwodo Chidinma Favour In the modern business landscape, corporate governance and compliance have emerged as cornerstones of sustainable success. These concepts are not merely legal requirements but strategic imperatives that help businesses build trust, manage risks, and create long-term value. Understanding the principles of corporate governance and the importance
Grossvend Nigeria Partners with AliExpress Amidst Local Card Restrictions in Nigeria
Grossvend Ecart Limited is a retail company that is registered under the Corporate Affairs Commission which has its trading name as Grossvend. In the dynamic world of e-commerce, adaptability and strategic foresight are key to thriving, especially in markets facing unique challenges. In Nigeria, one such challenge has emerged with
Banking System Remains Resilient – CBN
The Central Bank of Nigeria (CBN) has disclosed in its statements on monetary policies that as at the end of 2022 the banking system has continued to be resilient with major financial soundness. The CBN Governor, Godwin Emefiele noted that there was noticeable growth caused by the substantial overshoot of