Category: Economy

World Bank flags Nigeria’s weak statistical system

The World Bank has raised concerns about Nigeria’s weak statistical capacity, noting that the country...

Money supply drops to ₦110.3tn in February 

Money supply dropped to ₦110.3 trillion in February, marking a three-month low. This decrease followed...

Cardoso confirms positive steps in FX market stabilization

Governor Olayemi Cardoso of the Central Bank of Nigeria has expressed optimism about the progress...

Rewane warns of deeper structural issues amid Nigeria’s rising inflation

The Managing Director of Financial Derivatives Company, Bismarck Rewane, has expressed concerns over Nigeria’s rising...

Naira falls to ₦1,590 in black market amid dollar shortage

The Nigerian naira fell to ₦1,590 per US dollar in the parallel market on Friday,...

Naira gains marginally against dollar in FX market

The naira saw modest gains in Nigeria’s foreign exchange market. On Thursday, the Nigerian currency...

US poll: Dollar soars, bitcoin hits record high as traders bet on Trump

The dollar surged and bitcoin hit a record high Wednesday as traders bet on a...

Global stocks decline after weak Wall Street lead

European and Asian stocks were mostly down Thursday following a weak lead from Wall Street,...

FG nears $1.5bn World Bank loan approval

Nigeria is poised to secure approval from the World Bank for three significant loan projects...

Naira climbs to N1,541.52 against US dollar at I&E window

The exchange rate between the naira and the US dollar appreciated to N1,541.52 at the...

Economic expansion recorded first time in 13 months – CBN PMI

The Central Bank of Nigeria’s latest Purchasing Manager’s Index report reveals that economic activities expanded...

CBN, SEC, NDIC team up to streamline bank recapitalization

The Central Bank of Nigeria, the Securities and Exchange Commission, and the Nigeria Deposit Insurance...