Economy

Nigeria is planning to set up a $10 billion diaspora fund to attract investment from its citizens living abroad to support critical sectors including...

The Central Bank of Nigeria (CBN) has secured the cooperation of some International Money Tranfer Organisations (IMTOs) to double the flow of remittances to...

The Federal Government is set to receive around $2.2 billion single-digit interest loan from the World bank and another budget support facility from the...

The Federation Account Allocation Committee (FAAC) on Friday shared a total sum of N1.123 trillion March 2024 Federation Account Revenue to the three tiers...

Monetary tightening by the Central Bank of Nigeria (CBN) is restricting lenders from extending credit to support an ailing economy even as the regulator...

Nigeria’s headline inflation rate reached 33.2 percent in March 2024. This represents a 1.5 percentage points year-on-year (YoY) increase from 31.7 percent recorded in...

The central bank on Monday offered to sell dollars to the country’s bureaux de change (BDC's) at the highest level since the naira was...

Oil prices have risen more than 10% this year, and they’re near a six-month high after after Israeli jets dropped bombs on Iran’s consulate...

The Central Bank of Nigeria (CBN) has directed deposit money banks in the country to expedite action on recapitalisation of their capital base from the...

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the benchmark interest rate by 200 basis points to 24.75...