Economy

Tinubu committed to diversifying economy through solid minerals – Alake

Tinubu committed to diversifying economy through solid minerals – Alake

The Minister of Solid Minerals Development, Dr Dele Alake, says President Bola Tinubu has identified the solid minerals sector as…
Nigeria’s inflation rate hits 27.33% in October– NBS

Nigeria’s inflation rate hits 27.33% in October– NBS

The National Bureau of Statistics (NBS) said Nigeria’s headline inflation rate increased to 27.33 per cent in October 2023. The…
Strike: Long queues resurface in few fuel stations, others shut down in Enugu

Strike: Long queues resurface in few fuel stations, others shut down in Enugu

There were unprecedented long queues in few fuel stations that opened for business within Enugu metropolis even as other stations…
Chinese Yuan strengthens to 7. 1772 against dollar

Chinese Yuan strengthens to 7. 1772 against dollar

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened one pips to 7.1772 against the dollar…
Chinese Yuan strengthens to 7. 1773 against dollar

Chinese Yuan strengthens to 7. 1773 against dollar

The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened three pips to 7.1773 against the dollar…
Nigeria’s foreign reserves hit $33.4bn in October –CBN

Nigeria’s foreign reserves hit $33.4bn in October –CBN

Despite foreign exchange volatility, Nigeria’s foreign reserves added $158 million in October to $33.396 billion from $33.238 billion reported by…
No shortage of Naira notes, CBN assures Nigerians

No shortage of Naira notes, CBN assures Nigerians

The Central Bank of Nigeria (CBN), has assured Nigerians that there is adequate supply of Naira notes in the economy.…
No plan to redenominate Naira – CBN

No plan to redenominate Naira – CBN

The Central Bank of Nigeria (CBN) says it has no plans to redenominate Nigeria’s legal tender, the Naira. CBN’s Director…
Average price of 5kg cooking gas stood at N4,189.96 in September- NBS

Average price of 5kg cooking gas stood at N4,189.96 in September- NBS

The National Bureau of Statistics (NBS) said the average price of 5kg of cooking gas increased from N4,115.32 recorded in…
CBN amendment bill scales 2nd reading in Senate

CBN amendment bill scales 2nd reading in Senate

A bill seeking to amend the Central Bank of Nigeria (CBN) Act, 2007, has passed the second reading at the…
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