For years, the Nigerian foreign exchange market was a source of constant anxiety, characterized by a depreciating naira, a wide gap between official and parallel market rates, and a persistent scarcity of foreign currency. However, in recent months, a new narrative has begun to emerge. The Naira, once seen as[Read More…]
Tag: The Naira’s Resilience: A Closer Look at the CBN’s FX Stabilization Strategy
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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…]