E-payment transaction hits N387trn in 2022 –NIBSS
Findings have revealed that Electronic payment transactions in Nigeria rose to N387 trillion in 2022. According to Nairametrics, this was obtained…
Economy
Kerosene price rose by 146% one year – Report
In one year, the price of domestic Kerosene, often known as cooking kerosene, increased by more than 100 per cent, the Nigerian…
Buhari regime to leave N77trn debt – DMO
The Debt Management Office has declared that the outgoing administration of the President, Major General Muhammadu Buhari (Ret’d.), will be leaving behind…
Croatia dumps kuna currency for euro
Croatia on Sunday switched to the euro and entered Europe’s passport-free zone — two major milestones for the country after joining the…
Peru to revamp economy with $1.6bn
Peru’s economy minister pledged on Thursday to launch an investment program of $1.6 billion to ramp up growth hampered by constant political…
New naira: Extend deadline, Senate urges CBN
The Senate has urged the Central Bank of Nigeria to extend the deadline for withdrawal of old Naira notes from the economy,…
New naira: ATMs still dispensing old notes, report reveals
Thirteen days after the issue of the freshly redesigned N200, N500, and N1,000 notes, and with 34 days till the old…
Global economy vulnerable to recession in 2023 – World Bank
The World Bank has warned that “even a moderate hit” could tip the global economy into recession in 2023. The global…
Experts laud suspension of proposed excise duties hike
Tax, fiscal policy, and economics experts have hailed the Federal Government for suspending the proposed increases in excise duty rates on tobacco,…
Why Nigeria’s foreign reserves lost $2.2bn – CBN
The Central Bank of Nigeria has explained reasons why Nigeria’s foreign reserves lost $2.22 billion in a sustained demand pressure in the…
Inflation: Experts urge CBN against tighter monetary policy
Experts have advised the Central Bank of Nigeria to withdraw from further deployment of monetary policy tightening as a tool to check…
Nigeria’s inflation hit 21.47% in November
Nigeria’s inflation rate rose to an all-time high of 21.47% in November, coming from 21.09% in October. The latest inflation report…