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Total distributable income comprised distributable statutory revenue of N1.260 trillion, distributable Value Added Tax (VAT) revenue of N747.088 billion, and Augmentation of N250 billion. The post FG, States, LGs Share ₦2.26trn April Revenue — FAAC appeared first on Channels ...
Foreign investors are withdrawing money from South African assets as the Middle East war triggers a global flight to safety, read more Foreign investors flee South African assets as Iran war rattles global markets
Olayemi Cardoso, the Governor of the Central Bank of Nigeria, has introduced the Nigerian Overnight Financing Rate (NOFR) to adapt to evolving economic conditions. This new daily benchmark aims to enhance the financial system's responsiveness to market changes.
Nigerian businesses appear to be generating sales but struggling to convert them into profits, according to the analysis of the read more Falling Company Income Tax exposes pressure on Nigerian businesses as VAT increases
Christine Lagarde has confirmed her commitment to the European Central Bank, dismissing rumors of her departure. She aims to maintain price stability amid rising inflation and global conflicts.
OLUMIDE EMMANUEL, CEO, Common Sense Group, is a multi-talented Nigerian with diverse interests and deep knowledge of the country’s economy, read more Nigeria must invest in infrastructure for oil windfall to trickle down to everybody’
The US and Iran are set to finalize a peace agreement, which could positively impact global energy markets. The reopening of the Strait of Hormuz is particularly significant for oil shipping routes.
Global crude oil prices fell sharply on Monday after the United States and Iran reached a peace agreement ending more than two months of conflict that had rattled energy markets and heightened fears of a prolonged global supply disruption The post Oil prices tumble as US, Iran r...
Crude oil prices have fallen following a peace agreement between the US and Iran, which has positively impacted global stock markets. The reopening of the Strait of Hormuz is expected to enhance trade and economic stability.
In a qualified sense, the fund’s report presents a picture of an economy that is stronger financially, today, than it was three years ago, but not yet strong socially. Put this way, the IMF’s report simply reinforces something the average Joe on Nigeria’s streets ha...
Oil prices fell sharply on Monday while global equities rallied after the United States and Iran announced a deal to end their conflict and reopen the Strait of Hormuz, easing fears of supply disruptions. The two countries confirmed the agreement following a mediation effort by P...
The official market has largely traded within the ₦1,360 range in recent days, supported by ongoing reforms and improved foreign exchange supply. The post Naira To Dollar Exchange Rate Today, June 15, 2026 appeared first on Channels Television.
Nigeria's Naira shows improved stability compared to two years ago, reflecting positive economic trends. However, the challenge of effective time management remains a concern under the current administration.
Brent crude oil's $100 threshold is under pressure as stockpiles in China and Washington decline. This situation could impact global oil prices significantly.
Experts predict that Nigeria's inflation rate will decrease to 15.02% in May 2026 due to stabilizing food prices. This positive trend is attributed to easing energy shocks affecting the economy.
Poverty continues to be a significant global issue, impacting millions despite economic advancements. The report highlights the ten least affluent nations projected for 2026, underscoring ongoing challenges.
Crude prices have dropped significantly while stock markets have surged following a peace agreement between the US and Iran. The deal is expected to bring stability and could lead to a final agreement in the coming months.
Airtime borrowing in Africa has surged to an unprecedented N4.6 trillion, reflecting the financial challenges faced by millions. This trend highlights the growing reliance on mobile services for financial support across the continent.
An analysis of President Tinubu's economic approach highlights a developing division of labor in Nigeria's democratic landscape. The discussion emphasizes the significance of national dates in shaping the country's economic policies.
The Nigerian naira showed stability against the US dollar in both the official and parallel markets as of June 15, 2026. This reflects a positive trend in the currency's performance.
The IMF's recommendation for Nigeria to introduce excise duties on telecom services has reignited discussions on telecom taxation. This proposal could significantly impact the telecommunications sector in the country.
Nigeria's off-grid energy achievements underscore the need for significant economic reforms. These successes highlight the potential for growth despite ongoing challenges in the economy.
The Nigerian Oil and Gas Park Scheme in Bayelsa is making consistent progress towards its Q4 2026 operational target. This development is expected to significantly enhance local content in the region.
Nigerian banks earned N224.69 billion from ATM and electronic banking fees in Q1 2026, marking a 12.56% increase. This growth highlights the rising importance of digital banking in the country's financial landscape.
The World Bank has lowered its growth forecast for Sub-Saharan Africa to 4% for 2026, but predicts positive impacts for Nigeria and Angola. Higher energy prices are expected to benefit these nations significantly.
The Central Bank of Nigeria (CBN) has introduced new proposals to mitigate risks among banks and fintechs. These measures include strict limits on shared directors and intra-group funding.
The Central Bank of Nigeria's proposed reforms to the Financial Holding Company framework may attract new capital and lead to significant changes in the banking sector. However, experts warn of potential challenges in implementation.
The Alliance for Economic Research and Ethics has called on the Nigerian government to reject the IMF's tax proposals. They have presented a 7-point recovery plan aimed at improving the economy.
Experts in Port Harcourt have encouraged Nigerians to transform societal and economic challenges into opportunities for innovation and growth. This call aims to inspire impactful solutions amidst prevailing difficulties.
The Dangote Refinery has cut fuel imports in West Africa by 23%, positively impacting regional trade. This development is reshaping shipping patterns across the region.