Category: Economy

FG raises N284b in treasury bills auction

The Federal Government, through the Central Bank of Nigeria, raised a total of N284.26 billion...

CBN stops FX price verification portal for importers

The Central Bank of Nigeria has announced that the foreign exchange price verification system portal...

Administration will continue strategic reforms to address economic challenges – Tinubu

President Bola Tinubu has declared that his administration will continue to pursue its proposed strategic...

Nigeria’s inflation to decrease to 29.5% by 2024 year-end – PwC

Nigeria’s inflation is expected to slightly decrease to 29.5% by the end of this year,...

Petrol price surges 223% to ₦770/litre — NBS

The average price of Premium Motor Spirit, also known as petrol, surged 223.21 per cent,...

Nigeria inflation hits 33.69% in April 2024 – NBS

The National Bureau of Statistics has said the headline inflation increased to an all-time high...

Interest rates may stay high, says Cardoso

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

CBN impose 0.5% Cybersecurity Levy on electronic transfers

The Central Bank of Nigeria has directed the banks in the country to start charging...

CBN gov blames huge palliatives purchase for food price hike

The Governor of Central Bank of Nigeria, Olayemi Cardoso has said that government purchases of...

FG borrows additional N3.8trn from CBN in six months

The Federal Government in what appears to be Ways and Means has received an additional...

Price of rice crashes by over 20% in major markets

The price of rice has fallen by 20-30% within two months on major markets, amid...

Naira crashes to one week low at official exchange now N1,234.49/$1

The exchange rate between the Naira and Dollar declined to a week-to-date low of N1,234.49/$1...