Category: Economy

Factories may shutdown if FX crises persists – MAN

By Melvin Onwubuke The Manufacturers Association of Nigeria has said that many factories may shutdown...

Naira depreciates to N2100/£1 in black market

By Alex Omenye   The naira witnessed a significant decrease, peaking at N2100 per Great...

Economic hardship: Senator advises Tinubu to hold national stakeholders meeting

A lawmaker from Osun Central, Senator Ajagunnla Olubiyi Fadeyi, has advised President Bola Tinubu to...

Nigeria’s GDP grows 3.46% in Q4, decreases by 2.74% in 2023

Nigeria’s Gross Domestic Product grew at 2.74% annually in 2023, a modest slowdown from the...

Nigeria’s money supply hits N93.72trn in January 2024

Nigeria’s broad money supply reached a historic high of N93.72 trillion in January 2024, marking...

Naira decline continues in parallel market, N1,700/$1

By Melvin Onwubuke   Nigeria Naira strengthened against the dollar in the official market, as...

Flow Financial launches in Africa, begins hiring in Nigeria

Floww Financial today announced its successful debut into the African cryptocurrency sector with the commencement...

South Africa’s richest man Johann Rupert gains $2.2bn one month

South Africa’s wealthiest man, Johann Rupert, has witnessed a significant surge in his net worth,...

CBN slashes import duty exchange rate to N1,472/$

The Central Bank of Nigeria has revised the exchange rate utilized by the Nigeria Customs...

CBN halts cash payment for travel allowance fees

The Central Bank of Nigeria has announced that Personal and Basic Travel Allowances would only...

Naira crashes further against dollar, sells N1,582/$1

The intra-day high for the Nigerian naira against the US dollar peaked at N1,582 on...

Ghana president sacks Finance Minister amid economic crisis

Ghana’s President Nana Akufo-Addo has reshuffled his cabinet, relieving Finance Minister Ken Ofori-Atta of his...