Business & Economy
Nigeria’s inflation rate drops further to 16.63% in September – NBS Report
The Consumer Price Index, (CPI) which measures inflation increased by 16.63 per cent (year-on-year) in September 2021. This is 0.38 per cent points ...
Business & Economy
SEC partners with EFCC to combat financial crimes
On Wednesday, the Securities and Exchange Commission (SEC) announced that it had enlisted the help of the Economic and Financial Crimes Commission (EFCC) ...
Business & Economy
Nigeria won’t have exited recession without borrowing – Finance Minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed has again defended recent borrowings by the Federal Government, insisting they were instrumental ...
Business & Economy
2022 Budget: FG to borrow more to finance N6.258trn deficit
The Federal Government on Wednesday announced plans to finance the proposed 2022 budget deficit pegged at N6.258 trillion through fresh borrowings. Minister of ...
Business & Economy
CBN postpones launch of digital currency ‘E-Naira’
The Central Bank of Nigeria (CBN) has postponed the official launch of its digital currency, the E-naira. According to the CBN spokesperson, Mr ...
Business & Economy
Naira slides amidst CBN’s assurance of increasing forex supply
The naira slide to N575 on Thursday despite assurances by the Central Bank of Nigeria that there is sufficient foreign exchange to meet ...
Business & Economy
CBN sets to roll out E-Naira
The director of Information Technology, Central Bank of Nigeria (CBN), Rukiya Mohammed, on Wednesday said the apex bank has concluded plans to launch ...
Business & Economy
Nigerians’ monthly trade in Bitcoin rises to $44m
The volume of bitcoin traded by Nigerians in August rose to $44.4m from a previous high of $38.5m in May. This brought the ...
Business & Economy
CBN to capture and prosecute Olumide Oniwinde, owner of abokiFX – Emefiele
At the recently concluded MPC meeting by the Central Bank of Nigeria (CBN), the CBN Governor, Godwin Emefiele responded to rumours on social ...
Business & Economy
BREAKING: CBN’s MPC holds MPR at 11.5%, maintains all other parameters
The Monetary Policy Committee of the Central Bank of Nigeria has voted to retain the benchmark interest rate at 11.5%, whilst keeping all ...