CBN Governor’s ‘Genius’ Plan to Solve Nigeria’s Economic Crisis
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has unveiled his revolutionary solution to Nigeria’s struggling ...
Tag: Finance
CBN Allocates N1.73 Trillion For Food Imports In Six Months
The Central Bank of Nigeria (CBN) has released data showing that it spent $547.7 million (N823.19 billion) on importing food ...
Nigerian Naira Posts Weekly Gain of N40.49 in Official Foreign Exchange Market
The Nigerian naira increased by N40.49 compared to the previous week in the official foreign exchange market, even though the ...
Inflation Alert: Nigeria’s Economy Teeters on the Brink
Nigeria's high inflation rate, which was about 17.01% in August 2024, has puzzled economists, government officials, and business leaders. The ...
National Bureau Of Statistics Reports Rise In Cooking Gas Prices
The National Bureau of Statistics (NBS) has published its "Cooking Gas Price Watch" report for September 2024, showing a notable ...
Brexit Cost London 40,000 Finance Jobs — City Chief Says
Britain's exit from the European Union cost London's financial centre about 40,000 jobs, according to the Lord Mayor of the ...
Nigeria’s Food Inflation Surges to 37.7% in September
In September, Nigeria's food inflation rate went up to 37.7%, which is higher than it was for the previous two ...
Nigerian Stock Market Defies Inflation Concerns, Rallies 0.62%
The Nigerian stock market started the week with a positive performance, showing a 0.62% increase despite worries about rising inflation. ...
Nigeria’s Economic Reforms: A Leap of Faith or a Recipe for Disaster
As Nigeria starts its newest efforts to improve its economy, I can't help but wonder if this is a real ...
Russia Advocates for BRICS Alternative to IMF and World Bank
Russia, currently chairing the BRICS community, has called on its partners to explore the possibility of creating an alternative to ...
Nigeria’s PoS Transactions Reach N6.23 Trillion in Seven Months
The Nigeria Inter-Bank Settlement System (NIBSS) reports that Point of Sale (PoS) transactions in Nigeria added up to N6.23 trillion ...
Crypto Market Turns Bearish Ahead of US CPI Report, Bitcoin Drops to $60,800
The cryptocurrency market is feeling negative as people wait for the upcoming United States Consumer Price Index (CPI) report. Right ...
CBN’s Latest Treasury Bill Auction Yields 24.77% Rate
The Central Bank of Nigeria (CBN) recently sold ₦65.03 billion in one-year treasury bills at an interest rate of 24.77% ...
Nigerian Stock Market Records N539 Billion Decline Week-On-Week
The Nigerian Exchange Limited (NGX) stock market saw a big drop of N539 billion from one week to the next, ...
CBN Governor Acknowledges Interest Rate Hike Challenges
Yemi Cardoso, the Governor of Central Bank of Nigeria (CBN), has acknowledged the challenges that come with the recent upward ...
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