The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has increased the monetary policy rate (MPR), which serves as the benchmark for interest rates, from 24.75...
Nigeria incurred a debt service of $3.5 billion for its external loans in the fiscal year ended 2023 according to data from the Central Bank of...
A 50-kilogram bag of rice (locally parboiled) in Abuja has decreased by 19 per cent to ₦68,000 from ₦84,000 it was sold for in February. This...
Zacch Adedeji, chairman of the Federal Inland Revenue Service (FIRS), says the newly inaugurated national single window (NSW) project is a catalyst for achieving an average...
Internet connectivity is one of the most important drivers of economic growth. However, because of their economic status, it is expensive for many Africans. According to...
President Bola Tinubu has asked Nigerians not to lose faith in his administration over the skyrocketing inflation assailing the nation’s economy, assuring citizens that he and...
There is panic in the Nigerian financial sector over massive job losses as banks battle to meet the recently announced minimum capital requirements by the Central...
In the last two weeks, the Central Bank of Nigeria and other banking institutions have improved dollar supply to the foreign exchange market by $2.5bn, making...
International business research firm, Economist Intelligence Unit, has said that the Central Bank of Nigeria does not have the liquidity to support the naira as of...
The International Monetary Fund, IMF, yesterday asked the Federal Government to pay immediate attention to food insecurity in the country. The IMF’s position came on a...
