Category: Economy

Senate summons Emefiele as naira falls to N700/dollar

The Senate, on Wednesday, resolved to summon the Governor of the Central Bank of Nigeria,...

More firms may collapse over rising FX, fuel cost – Expert

An economist and Chief Executive Officer at Financial Derivatives Company Limited, Bismark Rewane, has predicted...

Nigerians face tougher times as revenue falls by N1.89tn

Economic and energy experts have predicted tougher days ahead for the economy, states and Nigerians...

Give confiscated foodstuffs to poor Nigerians, experts tell Customs

The Chief Executive Officer, Centre for the Promotion of Private Enterprise, Dr Muda Yusuf, has...

Dollar conversion: CBN to block bank customers’ account

The Central Bank of Nigeria has said it will place A ‘Post no Debit’ on...

Nigeria’s inflation hits 20%, surpasses World Bank’s projection

Nigeria’s inflation rate is now at 20 per cent, 0.5 per cent above the World...

Nigeria’s inflation hits 18.6%, highest in five years

The Consumer Price Index, which measures the rate of change in prices of goods and...

External reserves get $679.12m boost in one month

Figures obtained from the Central Bank of Nigeria have revealed that the country’s external reserves...

China gifts Zimbabwe $160m parliament building

China is strengthening its influence in African countries with its economic input in helping black...

Nigeria, others impacted by under-utilisation of mineral resources – Minister

Despite huge deposits, Nigeria and other African countries suffer from the under-utilisation of mineral resources,...

World Bank faults Buhari regime’s response to inflation

The World Bank has faulted the response of the regime of the President, Major General...

Dollar may hit N700 by Q4 2022 – BDC

Major players in the Bureau de Change market have lamented the rise in the dollar,...

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