New naira: No reason to shift Jan 31 deadline, says CBN
Oluwanifemi Ojo The governor of Central Bank of Nigeria has again stated that the deadline for phasing out the old note…
Economy
New naira: Buhari assures Nigerians of speedy circulation
The President, Major General Muhammadu Buhari (Ret’d.), has assured that the government will ensure that citizens are unharmed in their businesses and…
Imported goods stunting Nigeria’s domestic production – Presidency
Bisola David The Special Adviser to the President on Media and Publicity, Femi Adesina has said that Nigerian consumers should…
How CBN raised interest rate from 11.5% to 17.5% in eight months
Oluwanifemi Ojo The Central Bank of Nigeria has raised its benchmark interest rate five times since May 2022. The bank had…
Encourage local production, Femi Adesina urges Nigerians
Wilson Adekumola The Special Adviser on Media to the President, Femi Adesina, has urged consumers to patronise locally produced goods,…
CBN raises interest rate to 17.5%
The Central Bank of Nigeria has raised the Monetary Policy Rate, which measures the interest rate to 17.5 per cent. The…
MPC meets over interest rate hike
The Monetary Policy Committee meeting of the Central Bank of Nigeria is expected to meet on Monday to proffer solutions to…
Nigeria may lose 34% GDP to climate disaster – Analyst
With a median GDP impact of -20% by 2050 and -64% by 2100 under present climate policy, a study has been…
New naira notes’ll enhance Nigeria’s economy – CBN
The Central Bank of Nigeria emphasised on the economic benefit of the new note as sensitisation intensifies following the closeness…
Inflation weakened naira 15% in 2022 – NESG
Bisola David A recently released report by the Nigerian Economic Summit Group revealed that the naira was devalued by 14.9% due…
Nigeria’s external reserves hit $136m in two weeks – CBN
The Central Bank of Nigeria have said the country’s external reserves rose by $136m in two weeks. The CBN disclosed this…
How 0.5% import tax will boost Nigerian economy – CPPE
Nigeria’s economy operating costs, production costs, and inflation will increase as a result of the 0.5% tax that is being imposed on…