CBN issues fresh requirement to mitigate foreign currency risks
The Central Bank of Nigeria (CBN) has expressed concern over the growth in foreign currency exposures of banks through their…
Miners must sign host community development agreements or lose licences – Alake
Dele Alake, minister of solid minerals Development, has said the consent of host communities remains a prerequisite for obtaining mining…
CBN, foreign airlines differ over $700m trapped fund
The Central Bank of Nigeria (CBN) and foreign airlines operating in Nigeria have differed over the total amount of unpaid…
IMF downgrades Nigeria’s economic growth to 3%
The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth projections for 2024 to 3.0 per cent from the 3.1…
Inflation in Nigeria may decline marginally to 21% this year, says PwC
Professional services firm, PricewaterhouseCoopers (PwC Nigeria), has projected that Nigeria’s headline inflation may decline marginally to 21 per cent in…
Pension funds rise by 22% to N18tn – PenCom
The total assets under the Contributory Pension Scheme reached N18.36tn by the end of 2023, according to data from the…
CBN releases fresh $500 million to clear verified FX backlog
The Central Bank of Nigeria (CBN) has released fresh $500m to various sectors of the economy to address the foreign…
Redeployed 1,500 CBN Staff Resume at Lagos Office
At least 1,500 members of staff of the Central Bank of Nigeria will on Friday resume at its Lagos office…
World Bank projects 3.7% growth for Nigerian economy in 2025
The World Bank has predicted that Nigeria’s Gross Domestic Product (GDP) will grow by 3.7 percent in 2025. The World…
CBN Governor hints at reduction in fuel prices, FX stability in 2024
Dr Olayemi Cardoso, Governor, Central Bank of Nigeria (CBN) says fuel costs are expected to reduce in 2024, effectively impacting…