CBN, IFC to Support Nigerian Businesses with Over $1 billion
The International Finance Corporation (IFC) and the Central Bank of Nigeria (CBN) have launched an initiative to inject...
Finance & Economy
CBN’s IMTOs Reform Yields $600m Remittance Inflow
The Central Bank of Nigeria (CBN) has announced that its recent reformation of the International...
Nigeria’s Foreign Reserves Hits to $39billion in October– Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, announced on Tuesday that...
Inflation Rises to 32.70% as Economic Pressures Mount
…World Bank expects high interest rates to persist Samuel Mobolaji Nigeria’s inflation surged to 32.70...
Naira Hits Record Low of N1,700/$1 in Parallel Market
Samuel Mobolaji The Nigerian naira has fallen to a new low, closing at N1,700 per...
Majority of Nigerians Demand Lower Interest Rates Amid Economic Strain
A significant 71.4% of Nigerians are advocating for a reduction in interest rates due to...
Interbank Rates Fall as FGN Coupon Payments Enhance Liquidity
Samuel Mobolaji Interbank rates in the money market declined following inflows from Federal Government of...
Fuel Price Hike: NACCIMA Warns of Economic Fallout, Industry Closures
Samuel Mobolaji The President of Nigerian Association of Chamber of Commerce, Industry, Mines and...
Naira Drops by 4.1% Amidst US Dollar Shortage in FX Market
Samuel Mobolaji The Naira has depreciated significantly across foreign exchange (FX) markets, primarily due to...
DMO Unveils October FGN Savings Bonds Offering up to 18.084% Interest Rate
The Federal Government of Nigeria, through the Debt Management Office (DMO), has officially opened the...
