Interest rate: Private sector predicts higher inflation, massive job cuts
Private sector operators stated on Tuesday, that the rise in Nigeria’s Monetary Policy Rate, from 22.75 per cent to 24.75 per cent…
Economy
Interest rate hike won’t be for too long, says Cardoso
The CBN governor Olayemi Cardoso, affirmed that the current spate of monetary policy tightening measures by the CBN would not be long…
Nigeria to join European Bank for Reconstruction and Development – Wale Edun
The Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, has said that Nigeria has ratified a preliminary approval…
Nigeria’s public debt soars to N97.34tn — DMO report
The Debt Management Office of Nigeria has revealed that Nigeria’s public debt has surged to N97.34tn as of the fourth quarter of…
Naira rebounds to N1,400/$ as speculators offload forex
The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a…
FG seeks $1bn W’Bank loans for IDPs, agric
The Federal Government is in talks with the World Bank to complete the processes of obtaining over $1bn in loan to tackle…
Food importation won’t continue, says President Tinubu
President Bola Tinubu has strongly reaffirmed his administration’s stance against importing food into the country amidst the escalating food crises and inflation…
CBN orders banks to follow forex policy reforms
The Central Bank of Nigeria has directed banks to strictly comply with recent foreign exchange policy reforms, ahead of the dividend payment…
Nigeria earned N2.33tn from VAT, CIT in Q4 2023 – NBS
Nigeria’s economy witnessed a significant influx of revenue from Value Added Tax and Company Income Tax in the fourth quarter of 2023,…
FG plans fresh Eurobond borrowing in June
The Federal Government has enlisted the expertise of leading global investment banks, including Citibank NA, JPMorgan Chase & Co, and Goldman Sachs…
Why expatriates compete with Nigerian market women, men – CPPE
Melvin Onwubuke The Center for the Promotion of Private Enterprise has linked various instances of expatriates operating in the retail…
Inflation causes decline in private sector productivity, employment – PMI
By Melvin Onwubuke The Purchasing Managers’ Index of the Stanbic IBTC Bank said The productivity of the private sector of the…