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Economy
Nigeria's middle class wanted better cars. The naira had other plans
Kekemeke Karatei realised he had saved up more hope than cash after arriving at the car lot to be informed that the N6 million he had been nursing for many months to finally own a 14-year-old used Honda was only sufficient to get him something even older ...
Tax Reform
10 changes to expect as FG’s tax reforms begin
Nigeria is seeking to harmonise its complex tax system with a new bill that is aimed at ending multiple taxation, increasing revenue generation and lowering recurring borrowings....
Editor | Dec 04, 2024
Eurobond
Eurobond $9bn oversubscription seen steadying naira
Analysts say the naira could see some stability as Africa’s most populous nation successfully tapped the international bond market after a two-year hiatus, recording a $9 billion oversubscription....
Editor | Dec 03, 2024
Naira
Naira appreciates after first FX trading on Bloomberg BMatch System
The naira, on Monday, appreciated against the dollar at the parallel market after the first foreign exchange (FX) trading day on the Electronic Foreign Exchange Matching System (EFEMS) via the Bloomberg BMatch System....
Editor | Dec 03, 2024
Tax Reform
Growing opposition threatens Tinubu's tax reforms
Opposition voices are beginning to overwhelm President Bola Tinubu’s tax reforms, threatening to derail one of Nigeria’s first ever comprehensive fiscal policies....
Editor | Dec 03, 2024
Economy
Why Nigeria’s service sector is outshining manufacturing
Nigeria's economic landscape presents a paradox: while the service sector flourishes, the real sector stumbles. This divergence underscores a deeper structural imbalance that raises critical questions about the country’s long-term economic stability....
Editor | Dec 02, 2024
Stock Market
Eight routes to NGX’s $100bn market cap
In 2012, Oscar Onyema, former chief executive officer of the Nigeria Stock Exchange (NSE), now Nigerian Exchange Group (NGX), set a $1 trillion market capitalisation target for the exchange by 2016....
Editor | Dec 02, 2024
Economic week ahead
Nigeria’s PMI in focus as U.S. eyes unemployment data
Stanbic IBTC is expected to release Nigeria’s Purchasing Managers’ Index (PMI), a metric used to measure business activities on Monday while the U.S. Bureau of Labor Statistics (BLS) will reveal the unemployment figures...
Editor | Dec 02, 2024
Holiday
Christmas: Nigerians choose Kenya, Morocco over Dubai on visa constraints
The United Arab Emirates (UAE)’s visa hiccups have forced Nigerians to choose to celebrate their Christmas and New Year in African nations where entry is easy and convenient....
Editor | Nov 29, 2024
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