FG Reveals that 8.4 million Nigerians are Living in Hardship
The Federal Government through Temitope Fadeshemi, the Permanent Secretary at Nigeria’s Federal Ministry of Agriculture...
Finance & Economy
FG Convenes Meeting With Stakeholders to Address Soaring Cooking Gas Prices
The Federal Government on Tuesday met with key stakeholders in the industry, to brainstorm ways...
Deloitte Forensic Audit Reveals $2.4bn in Foreign Exchange Forwards that are Invalid, says Cardoso
A forensic audit carried out by consulting firm Deloitte on the $7 billion of FX forwards obligations...
China Commits to Increase Market Share for Nigerian Products Within the Next Five Years
Chinese Ambassador to Nigeria, Cui Jianchun, affirmed a commitment to a collaborative effort between China...
CBN Takes Action Against Banks that Violate FX Net Open Position Rules
The Central Bank of Nigeria (CBN), in a new circular to banks said it has noted...
CBN Sets Limit on Banks’ FX Holdings After Naira Continues Its Decline
The Central Bank of Nigeria (CBN) has imposed limits on how much banks can hold...
CBN Settles Foreign Airlines Verified Dollar Claims After Eight Months
The Central Bank of Nigeria (CBN) on Tuesday said it has completed the payment of all...
IMF Revises Down Nigeria’s Growth Forecast to 3% Due to Weaker Outlook in South Africa
The International Monetary Fund (IMF) has trimmed its economic growth projections for Nigeria, citing a...
Naira Extends Losses at Forex Markets
Naira fell against the United States dollar at both the authorised and unauthorised markets on...
CBN Settles $500m in Verified FX Liabilities
The Central Bank of Nigeria (CBN) has said that it has released 500 million dollars...
