Economy

Naira depreciates further against Dollar (See Exchange Rate)

The naira on Tuesday depreciated against the dollar at the Investors and Exporters window, exchanging at N445.50. The figure represents…

3 years ago

New Naira issuance date likely to change– Emefiele

The governor of the Central Bank of Nigeria, Godwin Emefiele, has said the new naira notes might go into circulation…

3 years ago

Petrol, electricity subsidies benefit only wealthy households – W’Bank asserts

The World Bank has said that subsidies benefit only rich households and reduce government spending on poor Nigerians. This was…

3 years ago

Food insecurity deepens in Nigeria even with UN support

United Nations humanitarian aid totaling $28.5m has been provided to the nation to combat food insecurity and malnutrition. Despite the…

3 years ago

Buhari to oversees Northern Crude Oil Drilling

President Muhammadu Buhari is expected to officially kick off drilling for crude oil in the north for the first time.…

3 years ago

‘Dollar might fall to N200’, EFCC boss speaks on Naira redesign

Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said the dollar might drop to N200 after…

3 years ago

Osinbajo blames CBN management as Naira value declines again

Vice-President Yemi Osinbajo has made a passionate call to the Central Bank of Nigeria to fix Nigeria's foreign-exchange market. Osinbajo…

3 years ago

NDIC lists failed banks, tells depositors to come for payment

The Nigeria Deposit Insurance Corporation (NDIC) has called on customers of 20 failed banks in Nigeria to come for verification…

3 years ago

NBS: Nigeria’s public debt stock increases to N42.84trn in Q2 2022

Nigeria’s public debt stock increased from N35.46 trillion (86.57 billion dollars) in the second quarter of 2021 to N42.84 trillion…

3 years ago

Fuel Scarcity: Marketers Open up on fuel price

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned that fuel cannot continue to sell at a pump price…

3 years ago