The headline inflation rate in Nigeria increased from 25.80% in August 2023 to 26.72% in September, a rise of 0.90%. This information was provided by the...
The headline inflation rate in Nigeria increased from 25.80% in August 2023 to 26.72% in September, a rise of 0.90%. This information was provided by the...
Former CBN deputy governor Kingsley Moghalu has spoken out against the federal government’s intention to borrow $1.5 billion from the World Bank. At the ongoing 2023...
All energy customers who purchased metres through the Metre Asset Provider (MAP) scheme would receive a credit “token” back within six months, according to the Eko...
The limitations on foreign exchange that the Central Bank of Nigeria (CBN) imposed on importers of 43 commodities eight years ago have finally been abolished. “The creation of a single FX market is one of the CBN’s objectives....
The demand for foreign currency continually outstrips the supply, causing the exchange rate between the Nigerian naira and the US dollar to plunge to N1,040 on...
Tuesday saw a further decline in the value of the naira as it fluctuated between 1,005 and 1,025 to the dollar in the parallel market. Small...
The Banking Regulations and National Security and Intelligence Committees of the House of Representatives are tasked with communicating with Yemi Cardoso, Governor of the Central Bank...
A kilogramme of cooking gas is being marketed for between N1,000 and N1,200 in some areas of the country, according to Daily Trust’s investigations, raising significant...
Dr Tunde Lemo, a former deputy governor of the Central Bank of Nigeria, has recommended against allowing the naira to float freely. This was mentioned by...