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Economy

Buhari commends CBN, for financial system stability

President Muhammadu Buhari, on Tuesday commended the Central Bank of Nigeria (CBN) for diligently working towards achieving financial system stability in Nigeria. Buhari gave the...
Economy

Naira loses slightly against dollar, exchanges at 436.33 Naira

The Naira on Friday lost slightly to the dollar exchanging at N436.33 compared with N436.32 on Thursday. The open indicative rate closed at N433.83 to...
Local News

Sensitive Election Materials will no longer be kept with CBN, says INEC

The Chairman of the Independent National Electoral Commission (INEC), Mahmood Yakubu, says sensitive electoral materials will in the meantime no longer be routed through...
Local News

World Bank forecasts Nigeria’s economy to grow by 2.5% in 2022

World Bank says the Nigerian economy is expected to grow by 2.5 percent in 2022, up from an estimated 2.4 percent growth in 2021. The...
Local News

Review forex ban on 40 items to save Naira, economists tell CBN

The Centre for the Promotion of Private Enterprise, an economic think tank, has advised the Central Bank of Nigeria to review its ban on...
Local News

CBN releases modalities to boost productivity, earmarks N5bn loan for investors

The Central Bank of Nigeria (CBN) on Tuesday released guidelines for its “Production and Productivity” initiative, through “100 projects for EVERY 100 days” project. Information...
Local News

Again, CBN devalues naira, now N411 to dollar

The naira traded at a record low against the dollar at the official NAFEX window on Friday. Reuters reports that this could be a move...
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