Naira plunges to 1082/$ despite CBN’s $2bn debt repayment
The Naira has lost 26.36 per cent of its value against the dollar at the official Investor and Exporter window…
Nigeria’s external reserves plunge 10.86% Year-on-Year, now $33bn
Latest data on Nigeria’s external reserves position released by the Central Bank of Nigeria (CBN), has revealed a notable decline…
FG will tackle pressure on foreign exchange, says Minister
The Federal Government is working round the clock in ensuring that the pressure on foreign exchange is tackled. The Minister…
World Bank projects Nigeria’s growth at 3.3% in 2024
The World Bank has revised upwards its 2024 growth projections for Nigeria from 2.9 per cent projected in October last…
High debt, inflation to limit Nigeria’s economic growth – UN
Rising public debt, persistent inflation, high cost of living, and a weak business environment, will continue to pose a downward…
2023 And Bitcoin: An Appraisal
If 2022 was the year that “broke bitcoin”, 2023 has been the year of trauma recovery. Bitcoin has bounced pluckily…
Remittance Flows Continue to Grow in 2023 Albeit at Slower Pace
A new report shows that remittances to low- and middle-income countries (LMICs) grew an estimated 3.8% in 2023, a moderation…
Banks Ration Cash as Naira Scarcity Persists
Bank customers’ agony over the prevailing cash scarcity increased, yesterday, as more banks resorted to rationing cash withdrawals while Point…
PFAs Scoop N8tn Profit from Pension Investments — Report
The Pension Fund Administrators have recorded N7.98tn profit from investing contributions made by workers into their Retirement Savings Accounts under…
Forex inflow hits $11bn in two months, says CBN
Nigeria recorded $11.11bn aggregate foreign exchange inflow in July and August, figures obtained from the Central Bank of Nigeria (CBN)…