The International Monetary Fund (IMF) has said Nigeria’s currency, the naira, is showing signs of stability. This, it said, is due to recent interest rate hikes...
The World Bank has urged the federal government not to reverse the ongoing economic reforms, warning that it may have negative implications for the country. Removal...
The value of the naira depreciated at the unofficial market on Wednesday as it traded at 1,705/dollar, according to Bureau De Change operators in Lagos and...
The World Bank has revealed that the Nigerian naira is one of the worst-performing currencies in sub-Saharan Africa for 2024. In its latest regional economic report,...
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, on Tuesday expressed confidence in realising a $1 trillion economy by 2030. This, Cardoso said,...
Nigeria’s headline inflation increased to 32.70 percent in September, data from the National Bureau of Statistics (NBS) has shown. According to the NBS, the headline inflation...
The Naira on Wednesday depreciated at the official market, trading at N1, 669.15 to the dollar. Data from the official trading platform of the FMDQ Exchange,...
The founder of Dangote Petroleum Refinery, Aliko Dangote, has said it’s time for the federal government to end the fuel subsidy regime. In an interview with...
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the monetary policy rate, which measures the benchmark interest rate, to 27.25...
The presidency has clarified the reasons behind Coca-Cola’s withdrawal of its 5-year, $1 billion investment pledge to Nigeria, which was made in 2021. The Special Adviser...
