New naira: Beware of currency hoarders, EFCC warns BDC operators
The Economic and Financial Crimes Commission has urged Bureau de Change operators to be wary of currency hoarders who would attempt to…
Economy
How more taxes’ll reduce debt load – FG
The Federal Government said the collection of more taxes and is diversion to the right fiscal sectors of the economy will help…
VIDEO: Sanusi credits Lagos’ economic growth to continuity
The 14th Emir of Kano and Vice President of Kaduna Investment Promotion Agency, Sanusi Lamido Sanusi, has said that the continuing governance…
Nigeria ranks 13th on GII’s most innovative economies
Nigeria fell behind the likes of Rwanda, Mauritius and Madagascar on the list of most innovative economies in Sub-Saharan Africa, according to…
Why Nigeria must save oil revenues – IMF
The International Monetary Fund has urged the Nigerian government to save up on oil revenues as fears of a global food shock…
Nigeria’s economy to decline 2023 – World Bank
World Bank has predicted a 3.3 per cent to 3.2 per cent drop in Nigeria’s economy in 2023, blaming the decline on…
Nigeria’s foreign reserves plunge to $38.3bn
The Central Bank of Nigeria has revealed that the nation’s external reserves at the end of September dropped to $38.318 billion signifying…
Pound falls more than 1% after BoE move
The British pound sank Thursday by more than one per cent against the dollar after the Bank of England intervened in the…
Africa’s GDP grew 6.9% in 2021
Africa’s Gross Domestic Product grew by an estimated 6.9 per cent in 2021, a report has revealed but the continent still faces…
We raised interest rate to control inflation – CBN
The Central Bank of Nigeria on Wednesday disclosed that the Monetary Policy Rate was increased by its Monetary Policy Committee in order…
eNaira hits 905k downloads
At least 905,588 Nigerians have downloaded the eNaira on the Apple and Google application stores, the Central Bank of Nigeria has said.…
CBN raises interest rate to 15.5%
To tame rising inflation, the Central Bank of Nigeria’s policy-setting committee has raised the monetary policy rate to 15.5 per cent from…