Category: Economy

FG’s 2024 empowerment budget, higher than health projects — Report

Tracka, BudgIT’s service delivery promotion platform that enables citizens to collaborate, track, and provide feedback...

FG disbursed N1.2tn for capital projects in 2023

The Federal Government has released a total of N1.23 trillion to 17 ministries for the...

CBN to cut down rate hikes soon – Cardoso

The Governor of the Central Bank of Nigeria, Dr. Olayemi Cardoso has declared that it...

Demand deposits surges N29.67tn in May – CBN

Demand deposits have jumped by 206.83 per cent from N9.67tn in May 2019 to N29.67tn...

Rising volume of non-bank transactions threaten financial stability – Cardoso

The governor of the Central Bank of Nigeria, Yemi Cardoso, has expressed concern about the...

Nigeria’s FX reserve rise to $34.14bn

Nigeria’s reserves continued to rise, reaching $34.14 billion on Friday, up 4.06 percent from $32.74...

Banks to deposit excess FX in CBN Lagos, Abuja offices

The Central Bank of Nigeria on Friday published updated guidelines for Deposit Money Banks to...

FG raises N284b in treasury bills auction

The Federal Government, through the Central Bank of Nigeria, raised a total of N284.26 billion...

CBN stops FX price verification portal for importers

The Central Bank of Nigeria has announced that the foreign exchange price verification system portal...

Administration will continue strategic reforms to address economic challenges – Tinubu

President Bola Tinubu has declared that his administration will continue to pursue its proposed strategic...

Nigeria’s inflation to decrease to 29.5% by 2024 year-end – PwC

Nigeria’s inflation is expected to slightly decrease to 29.5% by the end of this year,...

Petrol price surges 223% to ₦770/litre — NBS

The average price of Premium Motor Spirit, also known as petrol, surged 223.21 per cent,...

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