The CBN has announced plans to penalise banks that do not dispense cash through their Automated Teller Machines (ATMs), as part of its efforts to maintain...
The Nigerian naira continued its sharp decline, dropping to N1,658.48 against the US dollar on September 24, 2024, marking a 6.13% depreciation in the official Investor...
The average price of diesel in Nigeria has risen by 1.93% month-on-month in August 2024, reaching N1,406.05 per liter. This is according to the latest data...
Dr. Samson Simon, Chief Economist at Economics & Data Limited, has urged the Federal Government to reconsider the complete removal of petrol subsidies, cautioning...
The newly proposed Economic Stabilisation Bills (ESBs) in Nigeria, recently approved by the Federal Executive Council (FEC), mark a significant step towards addressing the nation’s fiscal...
The Centre for the Promotion of Private Enterprise (CPPE) has condemned the Central Bank of Nigeria’s (CBN) recent interest rate hike, saying it will harm investment...
In a surprising move, the Central Bank of Nigeria (CBN) raised its Monetary Policy Rate (MPR) by 50 basis points to 27.25%, standing out against the...
The Central Bank of Nigeria (CBN) has announced plans to inject N1.4 trillion into the banking system over the next three months to improve cash flow...
The National Bureau of Statistics (NBS) has reported that Nigeria’s unemployment rate increased to 5.3% in the first quarter (Q1) of 2024, a 0.3% rise from...
The Central Bank of Nigeria (CBN) raised its benchmark lending rate to 27.25 per cent from 26.75 per cent on Tuesday, in a continued effort to...