FG’s deficit spending rises 11% to N7.88trn
The Federal Government recorded an 11 per cent, year-on-year (YoY) increase in deficit spending to N7.88 trillion in seven months,…
Nigeria’s external reserves fall $1.65bn in six months
Nigeria’s foreign exchange reserves have fallen by $1.6bn to $32.97bn since the Central Bank of Nigeria (CBN) tried to unify…
Crunch time for banks, NIMCs over CBN’s BVN directive
In the coming weeks and months, Nigerians are likely to besiege commercial banks and the National Identity Management Commission offices…
Naira Slides Further As Dollar Shortage Hits Banks
The widening gap between the demand and supply of dollars in the banks and at the parallel market has continued…
‘CBN lacks experience to manage naira float’ — EIU predicts reversal of FX unification policy
The Economist Intelligence Unit (EIU), an arm of The Economist of London, has predicted that the Nigerian government will go…
IMF expresses concern over high food, fertiliser prices
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has expressed concern over rising food prices, especially as…
Nigeria’s inflation rate rises to 22.79% amid high food prices
The consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 22.79…
FG to deploy technology for real-time monitoring of revenue collection agencies
The Federal Government says it will integrate the activities of the Federal Inland Revenue Service (FIRS), Nigerian Maritime Administration and…
Stock market eyes 48-hour trading settlement
The stock market has started arrangement to reduce trading settlement cycle by half, from four days to two days. Divisional…
CBN Warns of Risks to International Financial System
The Central Bank of Nigeria (CBN) yesterday urged banks and other financial institutions to be vigilant and alert to possible…