The Economic Community of West African States (ECOWAS) on Saturday dusted up its plan to launch a single currency for member nations. The union agreed on a new road map to launch ECO in 2027, six years away. The previous plan was truncated by the coronavirus pandemic. The president of[Read More…]
Tag: currency
Group Urges FG to Maintain Ban on Importation of Frozen Chicken
The Poultry Association of Nigeria (PAN) has urged the Federal Government to maintain the total ban on importation of frozen chicken for the poultry industry to expand, reduce unemployment, and boost the economy. Mr Ezekiel Mam, President of PAN made the call today while speaking in Abuja Mam who thanked[Read More…]
Receiving money transfers in foreign currency is detrimental – CBN
The Central Bank of Nigeria (CBN) says receiving international money transfers in foreign currencies by Nigerians is detrimental to the Naira. Ms Ozemena Nnaji, Director, Trade and Exchange in the apex bank, told the House of Representatives Committees on Diaspora, Banking and Currency, and National Planning at an investigative hearing[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]