THERE’LL BE UPS AND DOWNS, BUT WE’RE WORKING TO STABILISE NAIRA — CBN
The Central Bank of Nigeria (CBN), has reiterated its commitment to attaining a stable foreign exchange (FX) rate. Yemi Cardoso, CBN governor stated this during...
DOSUNMU MARKET: SUSPENSION ORDER REMAINS IN FORCE – LAGOS GOVT
The Lagos State Government has reaffirmed that the suspension order on Dosunmu Market and its environs following the recent fire incident is still in place....
FG AGENCY BLAMES MULTIPLE TAXES, OTHERS FOR HIGH COST OF GOODS
The Federal Competition and Consumer Protection Commission has released findings from a comprehensive investigation into the factors contributing to the relentless increase in consumer costs....
CBN NOT USING FOREIGN RESERVES TO DEFEND NAIRA — CARDOSO
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, declared yesterday that the apex bank is not defending the Naira with the...
IMF APPROVES $820N BAILOUTS FOR EGYPT ECONOMY
The International Monetary Fund announced on Friday the immediate disbursement of $820 million to the Egyptian government, part of an augmented plan to aid the...
NEWS UPDATE: CBN SLASHES CUSTOMS FX DUTY RATE BY 5.3% AS NAIRA STABILIZES
The Central Bank of Nigeria (CBN) has further reviewed downward the Customs Foreign Exchange duty rate from N1,630.159/$ to N1,544.081/$ on Monday, March 04, 2024,...
DANGOTE ADVISES NIGERIA TO TRANSIT TO KNOWLEDGE-BASED ECONOMY
Africa’s richest man and Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote, has recommended that Nigeria moves from resource-based to knowledge-based economy. Dangote made...
BREAKING: CBN RAISES MPR BY 400 BASIS POINT TO 22.75%
The Central Bank of Nigeria has raised the monetary policy rate (MPR) by 400 basis points to a record 22.75%. The apex bank also increased...
(JUST IN) ECONOMIC HARDSHIP: NLC MEMBERS PROTEST IN LAGOS
Nigeria Labour Congress members have taken to the streets in Lagos State, to air their complaints about the current state of the economy. In addition,...
ECONOMY: TINUBU MUST BAN CASH DOLLAR TRANSACTIONS TO SAVE NAIRA’
President Bola Tinubu must sign an executive order banning all cash dollar transactions if the Naira must be saved, Group Managing Director and Chief Executive...