Category: Economy

Nigeria facing existential threats – World Bank

The World bank on Wednesday alerted the regime of the President, Major General Muhammadu Buhari(retd),...

Harmonise foreign exchange rate – Group tells CBN

The Nigerian Economic Summit Group has urged the Central Bank of Nigeria to harmonise foreign...

Why govt should make forex available for manufacturers – NECA

The Nigeria Employers Consultative Association has revealed why the Nigerian government should allocate available forex...

EFCC threatens to arrest dollar hoarders over naira fall

Following the increasingly fall of the Naira, the Economic and Financial Crimes Commission has threatened...

CBN vows to curb further naira devaluation

The Central Bank of Nigeria has reiterated its commitment to preventing a further devaluation of...

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...