Category: Economy

Nigeria needs more stringent measures to secure macroeconomic stability – Fitch

By Melvin Onwubuke Fitch Ratings Inc. has highlighted the need for Nigeria to adopt more...

Naira rises against dollar, hits seven-day high

For the third day in a row, the naira and dollar increased in value, ending...

Naira devaluation worsens Nigeria’s debt woes

Nigeria’s foreign debt has significantly increased as a result of the naira’s depreciation. NewsNowNigeria reported...

Senate probes CBN officials over N30tn loan

By Melvin Onwubuke   The Senate has announced that, it will question some officials of...

CBN sells 1yr OMO bills at record 21.5%

Melvin Onwubuke The Central Bank of Nigeria sold a historical N1.056 trillion in OMO bills...

FX crisis drives business cost to highest in 10 years – Report

Melvin Onwubuke Nigeria businesses are faced with the highest increase in input cost in a...

Nestle Nigeria reports N104bn loss in 2023

By Melvin Onwubuke Nestle Nigeria Plc has announced a loss before tax of N104 billion...

FG constructs off grid plants to tackle energy shortage

By Melvin Onwubuke   The Federal Government has announced, it is planning to construct a...

CBN gov Cardoso vows crackdown on illicit funds via Binance

The Governor of the Central Bank, Yemi Cardoso, has restated the government’s determination to monitor...

CBN resumes sales of FX to BDC operators

The Central Bank of Nigeria has made a firm decision to close the growing exchange...

CBN raises interest rate to 22.75%

The Central Bank of Nigeria on Tuesday, implemented the first increase in its benchmark interest...

Nestle, others cost equity market 51bn loss

The loss experienced by Nestle Plc, Eterna, and Fidson Healthcare Plc caused the Nigerian Exchange...