Nigeria’s foreign exchange market has long been a source of economic distress, characterized by a complex web of multiple exchange rates, a chronic lack of liquidity, and a pervasive culture of opacity. The recent, bold reforms spearheaded by the Central Bank of Nigeria (CBN) represent a decisive break from this[Read More…]
Tag: FX Reforms: A Path to Stability or a Perilous Gamble?
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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…]