25.2 C
Lagos
Wednesday, February 1, 2023
- Advertisement -spot_img

CATEGORY

Economy

IMF Hikes Global Growth Forecast as Inflation Cools and Household Spending Surprises

The International Monetary Fund (IMF) on Monday revised upward its global growth projections for the year, but warned that higher interest rates and Russia’s...

Don’t Pay New Notes Over the Counter Emefiele Instructs Bank CEO’s at Banker’s Committee

At the CBN Bankers Committee meeting held on Monday (30th January, 2023), sources told MoneyCentral that the CBN Governor Godwin Emefiele instructed Bank CEOs...

CBN Extends Deadline for Use of Old Naira Notes Till February 10

The Central Bank of Nigeria (CBN) has extended the deadline for the use of the old naira notes till February 10. CBN Governor, Godwin Emefiele,...

New Naira: Zulum Orders Emergency Microfinance Banks As 25 of  Borno’s 27 LGAs Lack Banking services

By Abdulwaheed Olayinka Adubi, Kaduna Borno State Governor, Babagana Umara Zulum, has directed the State Ministry of Finance and that of Higher Education, Science, Technology...

Central Bank Nigeria Raises Interest Rate To 17.5%

The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), which measures interest rate from 16.5 percent to 17.5 percent to...

Investments Shrinking Share of Nigeria’s GDP Helps Explain Low Growth

Nigeria's shrinking size of private investments in recent times has impacted on the trend GDP growth rate, pushing it much lower over the past...

FIRS Crosses N10 trillion Mark in Revenue Collection

The Federal Inland Revenue Service, FIRS, on Monday said it collected over N10 trillion in tax revenue in 2022, which is the highest tax...

N23.70 trn Ways and Means Loans to Drain Liquidity in Financial System

The plans by the Federal Government to move the Ways and Means loans into the financial system will drain liquidity as the outstanding value...

Buhari Restructures Ministry of Finance Investment Vehicle, Appoints New CEO

By Abdulwaheed Olayinka Adubi President Muhammadu Buhari has restructured the Ministry of Finance Incorporated (MOFI) with the constitution of a new board and executive management...

Nigeria Could Tap International Debt Market as U.S Inflation Cools

The gradual cooling of inflation in the United State that is fueling expectations Fed is about to rein in on aggressive cycle of hikes...

Latest news

- Advertisement -spot_img