Currency in circulation rises by 71% to N1.6tn, says CBN
The currency in circulation in the country jumped by N701.4tn in one month to hit N1.6tn in March, 2023 after…
Nigeria’s external reserves slide further to $35bn
Nigeria’s external reserves fell by $112.78m in two weeks to $35.42bn, figures obtained from the Central Bank of Nigeria have…
World Bank lists challenges for incoming FG, drops growth rate forecast
Against the backdrop of the imminent assumption of office, the World Bank Group, WBG, has given a long list of…
IMF pushes for interest-free loans for developing countries
Multiple economic shocks in recent years, amid a slow rise in per capita income in more than three decades, have…
FG to generate $500m from cashew export in 2023, says NEPC
The Nigerian Export Promotion Council (NEPC) says it plans to double the amount of revenue generated from cashew exports in…
CBN to mop up dormant account balances, unclaimed funds
The Central Bank of Nigeria (CBN) has proposed that banks should transfer funds in accounts that have been dormant for…
IMF advises countries on way out of inflation, currency crises
Countries are expected to adopt a plan to wriggle out of high-level inflation and chronic currency crises, the International Monetary…
IMF boss calls for support for poorest nations
The Managing Director of the International Monetary Fund (IMF) on Wednesday called on the international community to support the world’s…
FG approves N23bn for Third Mainland Bridge maintenance, others
The Federal Government, on Wednesday, approved the total sum of N23.33bn for surface maintenance of the Third Mainland Bridge, Lagos…
Global growth slows to 2% in 2023 – World Bank
The World Bank Group President, David Malpass says global growth is expected to be weak in 2023, slowing to two…