Economy

FG offers 3 bonds valued at N450bn for subscription at N1,000/ unit

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 

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

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

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

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

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…
MPC: Continuous increasing of MPR will not grow Nigeria’s economy – ex-CBN director

MPC: Continuous increasing of MPR will not grow Nigeria’s economy – ex-CBN director

Former Director of Research, Central Bank of Nigeria (CBN), Dr Titus Okunrounmu, says the continuous increasing of the Monetary Policy…
CBN increases inter-bank interest rate by 200 basis points to 24.75%

CBN increases inter-bank interest rate by 200 basis points to 24.75%

The Monetary Policy Committee (MPC) of the CBN raised Monetary Policy Rate (MPR) – inter-bank loan interest rate – by…
Naira appreciates by 1.5% against dollar

Naira appreciates by 1.5% against dollar

The Naira experienced a slight appreciation at the official market, trading at N1,431.49 to a dollar on Friday. Data from…
Nigeria’s earnings from foreign taxes doubled in 2023 -NBS data

Nigeria’s earnings from foreign taxes doubled in 2023 -NBS data

Nigeria has witnessed a significant surge in tax earnings from foreign firms, with figures nearly doubling in the span of…
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