Economy
CBN mandates BDCs to cap forex profit at 1.5%
7 days ago
CBN mandates BDCs to cap forex profit at 1.5%
The Central Bank of Nigeria(CBN) on Thursday directed Bureau De Change (BDCs) operators to sell forex at a maximum profit…
Privatisation won’t solve Lagos water problems, group says
4 weeks ago
Privatisation won’t solve Lagos water problems, group says
By Seyi Odewale An accountability group, the Corporate Accountability and Public Participation Africa (CAPPA) has slammed the Lagos State government…
GDP not enough to measure economic growth- AfDB
31 May 2024
GDP not enough to measure economic growth- AfDB
Dr Akinwumi Adesina, the President, African Development Bank (AfDB), says an increase in the Gross Domestic Product (GDP) must translate…
CBN continues aggressive tightening, raises lending rate to 26.25%
21 May 2024
CBN continues aggressive tightening, raises lending rate to 26.25%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has raised the country’s baseline lending rate by…
FG offers 3 bonds valued at N450bn for subscription at N1,000/ unit
9 May 2024
FG offers 3 bonds valued at N450bn for subscription at N1,000/ unit
The Federal Government, through the Debt Management Office (DMO), has offered three FGN bonds valued at N150 billion each for…
Fx liquidity: CBN approves sale of additional $10,000 to 1,583 eligible BDCs
23 April 2024
Fx liquidity: CBN approves sale of additional $10,000 to 1,583 eligible BDCs
The Central Bank of Nigeria has approved the sale of an additional 10,000 dollars to 1,583 eligible Bureaux De Change…
Naira loses 6% against dollar at official market
23 April 2024
Naira loses 6% against dollar at official market
The Naira on Monday slightly depreciated at the official market, trading at N1,234.49 to the dollar. Data from the official…
Food prices crashing over economic policies, says Edun, Finance Minister
17 April 2024
Food prices crashing over economic policies, says Edun, Finance Minister
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the Nigerian economy is moving in…
Naira makes huge recovery, gains 7.2% against dollar
13 April 2024
Naira makes huge recovery, gains 7.2% against dollar
The Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar. Data from the…
Nigeria’s public debt stock increases to N97.34trn in Q4 2023 – NBS
27 March 2024
Nigeria’s public debt stock increases to N97.34trn in Q4 2023 – NBS
Nigeria’s public debt stock increased from N87.91 trillion (114.35 billion dollars ) in the third quarter of 2023 to N97.34…