Category: Economy

Nigeria’s foreign reserves plunge to $38.3bn

The Central Bank of Nigeria has revealed that the nation’s external reserves at the end...

Pound falls more than 1% after BoE move

The British pound sank Thursday by more than one per cent against the dollar after...

Africa’s GDP grew  6.9% in 2021

Africa’s Gross Domestic Product grew by an estimated 6.9 per cent in 2021, a report...

We raised interest rate to control inflation – CBN

The Central Bank of Nigeria on Wednesday disclosed that the Monetary Policy Rate was increased...

eNaira hits 905k downloads

At least 905,588 Nigerians have downloaded the eNaira on the Apple and Google application stores,...

CBN raises interest rate to 15.5%

To tame rising inflation, the Central Bank of Nigeria’s policy-setting committee has raised the monetary...

Livestock sector can generate N33trn annually – FG

The Permanent Secretary of the Federal Ministry of Agriculture and Rural Development, Dr. Ernest Umakhihe,...

Nigeria has low ability to attract investment- World Bank

The World Bank has revealed that Nigeria has a low ability to attract both domestic...

Pound hits 37-year low against dollar

The pound fell to a fresh 37-year low against the dollar Friday as traders grow...

Protests as Lebanon’s currency hits new low

The Lebanese pound fell to a new low against the US dollar on the black...

Buhari, Bill Gates, others to speak at global investment forum

The President, Major General Muhammadu Buhari (retd.) will be delivering a keynote address at the...

Prepare for recession, World bank warns CBN

The World Bank on Thursday issued a warning to the Central Bank of Nigeria and...

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