Category: Economy

Nigerian retailers, wholesalers may not escape poverty – World Bank economists

World Bank economists, Jonathan Lain, Senior Economist, and Utz Pape, Lead Economist for Poverty and...

Nigeria’s foreign reserves to drop 2024 – IMF

The International Monetary Fund has predicted that Nigeria’s foreign reserve is expected to decrease significantly,...

Naira strengthens at official window, weakens on black market

The naira appreciated in the official window on Monday following a statement by the governor of...

CBN bans banks, fintechs from operating foreign exchange services

Central Bank of Nigeria has prohibited Banks and financial technology firms from operating foreign money...

BUA Foods sale hits N728 bn

Fortified Sugar generated the most income for BUA Foods among its several business sectors in...

BOI, IFC partner to fund industrial sector

BOI, IFC partner to fund industrial sector A stakeholder conference will be held by the Bank of...

EU invests €3bn, generates 160,000 jobs in Nigeria yearly – Ambassador

The European Union Council is reaffirming its commitment to a strong collaboration with the Nigerian...

Gombe to launch N30bn green bond

Gombe State intends to sell N30 billion in green bonds to fund various infrastructural projects,...

EFCC investigating Sirika’s Nigerian Air deal – Keyamo

Minister of Aviation and Aerospace Development, Festus Keyamo has disclosed that the Economic and Financial...

Senate summons CBN governor over naira decline

The Senate, through its Committee on Banking, Insurance, and other Financial Institutions, called upon Central...

CBN moves to curb FX circulation, naira hoarding

The Central Bank of Nigeria has issued a circular aimed at addressing suspected cases of...

IMF lowers 2024 growth projections for Nigeria

The International Monetary Fund reduced its October prediction of 3.1% for Nigeria’s GDP growth in...