Category: Economy

FG launches $500m dollar-denominated bonds

The Federal Government of Nigeria has launched its Series I Domestic USD Bond with the...

CBN predicts slight decline in external reserve

The Central Bank of Nigeria has predicted that in 2024, the country’s foreign reserves may...

CBN approves $20,000 to each BDC at N1,450/$1 

The Central Bank of Nigeria has declared that it has approved the sales of foreign...

CBN persists higher interest rates if inflation persist – Cardoso

The Governor of the Central Bank of Nigeria Yemi Cardoso, has stated that sustained inflation...

Nigeria addressing consequences of N27tn Ways and Means — Cardoso  

The governor of the Central Bank of Nigeria, Yemi Cardoso has stated that the country...

FG’s 2024 empowerment budget, higher than health projects — Report

Tracka, BudgIT’s service delivery promotion platform that enables citizens to collaborate, track, and provide feedback...

FG disbursed N1.2tn for capital projects in 2023

The Federal Government has released a total of N1.23 trillion to 17 ministries for the...

CBN to cut down rate hikes soon – Cardoso

The Governor of the Central Bank of Nigeria, Dr. Olayemi Cardoso has declared that it...

Demand deposits surges N29.67tn in May – CBN

Demand deposits have jumped by 206.83 per cent from N9.67tn in May 2019 to N29.67tn...

Rising volume of non-bank transactions threaten financial stability – Cardoso

The governor of the Central Bank of Nigeria, Yemi Cardoso, has expressed concern about the...

Nigeria’s FX reserve rise to $34.14bn

Nigeria’s reserves continued to rise, reaching $34.14 billion on Friday, up 4.06 percent from $32.74...

Banks to deposit excess FX in CBN Lagos, Abuja offices

The Central Bank of Nigeria on Friday published updated guidelines for Deposit Money Banks to...