Investors Pull $1.6-Billion From Binance After US Lawsuit
Investors withdrew US$1.6-billion of cryptocurrency from Binance since it was sued by the US Commodity Futures Trading Commission (CFTC) on…
Banks’ credit to govt hits N28.43tn
Banks’ credits to the government rose by N3.77tn in the first two months of 2023. Figures obtained from the Central…
CBN to regulate volume of cash in circulation
The Central Bank of Nigeria (CBN) has said it will continue to reassess the volume of currency in circulation (CIC)…
Naira scarcity: CBN steps up effort to boost supply as queues reduce at banks, ATMs
Smiles lit up hitherto forlorn faces of depositors in the past few days, as many commercial banks opened for operations…
Reps seek overhaul of banks’ electronic system
The House of Representatives has urged the Central Bank of Nigeria (CBN) to direct all commercial banks in the country…
FG, states, LGs share N723bn for February
The Federation Account Allocation Committee (FAAC) says it shared N722.677bn among the three tiers of government for February 2023. The…
High inflation may hurt productivity, raise poverty figures, says LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has warned that sustained high inflationary rate in the Nigerian economy might…
Trade volume between Nigeria, China down by $10m in 2022, says envoy
The Minister for Economic and Commercial Affairs, Embassy of the Republic of China in Nigeria, Wang Yingqi, has blamed the…
CBN raises interest rate to 18%, retains other parameters
The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest…
Africa accounts for 55% of world’s poor – ECA
The Chief Economist at the Economic Commission for Africa, Hanan Morsy, says Africa currently accounts for more than half of…