NBS worries over surging food prices
National Bureau of Statistics (NBS), yesterday, expressed concerns that average prices of foodstuffs and transport fares have hit the rooftop.…
94% of Cash Transactions Within N500,000 New Cash Withdrawal Limit
The Central Bank of Nigeria (CBN) yesterday said 94 per cent of all cash transactions falls below the N500,000 new…
Import index rises by 0.76% in third quarter of 2022, says NBS
National Bureau of Statistics (NBS), has said that the all-commodity group import index on average increased by 0.76 per cent…
We’ve ordered 500 million new notes, says CBN
Aishah Ahmad, Deputy Governor of the Central Bank of Nigeria (CBN), says 500 million new naira notes have been ordered…
MPC member cautions against ‘too much policy tightening’
As the Central Bank of Nigeria (CBN) intensifies its inflation fight, a member of the apex bank’s Monetary Policy Committee…
CBN Raises Withdrawal Limits to N500,000 for Individuals, N5m for Firms
The Central Bank of Nigeria (CBN) on Wednesday bowed to pressure from many Nigerians and lawmakers as it announced an…
FG bans cash withdrawals from public accounts
The Federal Government is to stop cash withdrawal from all public accounts with immediate effect. In place of cash withdrawals,…
Fake New Naira Notes: How to Identify Them
Some days after the Central Bank of Nigeria (CBN) released the redesigned Naira currency in the denominations of N200, N500…
Naira redesign will affect the poor, SMEs — World Bank
The World Bank has warned the newly redesigned naira which went into circulation last week may have negative effect on…
Forex scarcity: Raw materials import dips 22.36% to N1.88tn
Manufacturers spent N1.88tn on raw materials import in nine months, foreign trade reports of the National Bureau of Statistics have…