CBN PROJECTS NIGERIA’S EXTERNAL RESERVES COULD REDUCE SLIGHTLY IN 2024
The Central Bank of Nigeria (CBN) has projected that Nigeria’s external reserves could reduce slightly in 2024. This was disclosed in the recently released maiden...
CBN SELLS FOREX TO BDC OPERATORS AT N1450 PER DOLLAR
At a rate of N1450 per dollar, the Central Bank of Nigeria sold dollars to qualified Bureau de Change operators on Thursday. This was revealed...
REPS TO PROBE NON-ALLOCATION OF CRUDE TO DANGOTE REFINERY
On Thursday, July 18, the House of Representatives decided to look into claims that the Nigeria Upstream Petroleum Regulatory Commission and foreign oil companies doing...
UPDATE: IMF MAINTAINS 2024 GLOBAL GROWTH FORECAST AT 3.2%
In a study released on Tuesday, the IMF downgraded its projections for both the US and Japan while maintaining its predictions for global growth in...
BREAKING: NIGERIA’S INFLATION RATE HITS 34.19 % AMID RISING FOOD PRICES
According to the most recent data from the National Bureau of State Statistics (NBS), Nigeria's inflation rate touched a new high of 34.19% in June...
ADESINA WARNS AGAINST NIGERIA’S FOOD IMPORTATION POLICY, SAYS IT COULD DESTROY THE COUNTRY’S AGRICULTURE
Dr. Akinwumi Adesina, President of the African Development Bank Group, has warned that the Nigerian government's decision to permit significant food imports could ruin the...
FOOD SECURITY: FG WORKING TO ADDRESS HIGH PRICES – AGRIC MINISTER ASSURES
Although the Federal Government acknowledged that there is food insecurity in the nation, it gave Nigerians hope that the issue is being handled and that...
UPDATE: S’SOUTH GOVERNORS ABSENT AT NIGER DELTA SUMMIT
Some current South-South governors were not present at the ongoing Niger Delta Players Summit being held in Port Harcourt, the capital of Rivers State, even...
FOREIGN EXCHANGE: CBN SELLS $122.67M TO 46 AUTHORISED DEALERS
The Central Bank of Nigeria (CBN), in an effort to foster stability and lessen market volatility in the foreign exchange market, has sold roughly $122.67...
NIGERIA’S PUBLIC OFFICIALS RECEIVED N721BILLION BRIBE IN 2023 – UN, NBS
According to recently published research by the Nigerian Bureau of Statistics (NBS) and the United Nations Office on Drugs and Crimes (UNODC), bribes to Nigerian...