Emefiele’s Quasi-Fiscal Policies Led To N10tn Injection Into Economy – CBN Gov
The Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso,, said that the quasi-fiscal policies of his predecessor,...
Business
Naira Depreciates Against Dollar For Second Time
Nigeria’s currency, the naira, depreciated against the US dollar on Wednesday at the foreign exchange market. Official data from FMDQ...
Nigeria Faces Alarming Rice Shortage As Prices Surge By Over 37% In 2023
A report from the AFEX Wet Season Crop Production Report for 2023 has unveiled a pressing issue in Nigeria –...
Naira Struggles Again, Plummets To Record Low, Hits N1,105 At Official Market
The naira witnessed a staggering decline, marking its most significant fall in recent times, as it reached N1,105 at the...
World Bank Disburses $300m Palliative Loans
The World Bank has commenced payment of the $800m approved for the National Social Safety Net Program-Scale Up. ...
How CBN Weakened Naira – Sanusi
Former Emir of Kano, Muhammad Sanusi, has revealed how the Central Bank of Nigeria (CBN) weakened the naira. Sanusi stated...
BREAKING: Old Notes To Remain Legal Tender In Nigeria ‘Forever’ – CBN
The Central Bank of Nigeria (CBN) has removed the deadline for legal tender status of old N200, N500, and N1000...
Dangote Refinery Secures Licence To Refine 300,000bpd Crude
Africa’s richest man, Aliko Dangote, has said his refinery has secured a licence to refine more than 300,000 barrels of...
Naira Slumps Against Dollar
Nigeria’s currency, the Naira, depreciated further against the US Dollar in the foreign exchange market on Wednesday. Data from the...
Old, New Naira Notes Remain Legal Tender – CBN
The Central Bank of Nigeria has instructed all its branches nationwide to continue issuing various denominations of both old and...
