Nigeria, South Africa, Egypt Slowing Regional Growth, Says World Bank
The underperformance of Nigeria, South Africa, Egypt and other African big economies is slowing down the continent’s economic growth, the…
FG secures $800m World Bank facility for fuel subsidy removal palliatives
The Federal Government has secured a $800 million World Bank facility for fuel subsidy removal palliatives. The Minister of Finance,…
Second Niger Bridge to be opened May 15 – Fashola
The Federal Government has said the second Niger bridge will be fully open to vehicular movement on May 15. The…
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…