Economy

Buhari Assents Reduction of 30% Import Duty on Vehicles President Muhammadu Buhari has assented to the reduction of import duty on passenger transport vehicles by 30 per cent, The Nation reports. The reprieve also includes zero...

Bitcoin’s market value reached $1 trillion for the first time, a surge that’s helping cryptocurrency returns far outstrip the performance of more traditional assets like stocks and gold. The largest digital-asset has added more than $450...

Africa’s largest economy Nigeria, has officially exited recession helped by the gradual return of economic activities following the easing of restricted movements and stimulus packages by the Central Bank of Nigeria. This is contained in the...

The directive of the Central Bank of Nigeria (CBN) ordering banks to desist from transacting in/and with entities dealing in cryptocurrencies has enjoyed the support of the International Monetary Fund (IMF). The IMF Resident Representative for...

The federal government yesterday warned that about 10 million Nigerian would slip below the poverty line by the end of 2021. Minister of Humanitarian Affairs, Disaster Management and Social Development Sadiya Farouq gave the warning during the...

Nigeria’s former Finance Minister, Ngozi Okonjo-Iweala has been confirmed as the next Director-General of the World Trade Organisation. With the confirmation, the senior Nigerian economist has become the first woman and the first African to lead...