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Friday, March 29, 2024
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CATEGORY

Economy

Naira Re-denomination: Registrar Cautions FG, Says it will Threaten Economic Stability

The Registrar, Chartered Institute of Treasury Management (CITM), Mr Olumide Adedoyin, has cautioned the Federal Government on the alleged plan to re-denominate the naira,...

Nigeria’s Finance Minister Wale Edun Pledges to Drive Economy to Next Level

Nigeria's Finance Minister and Coordinating Minister of the Economy, Wale Edun, has assumed duty, promising to drive Nigeria’s economy to the next level. The minister...

CBN Running on Fumes as JPMorgan Estimates Net FX Reserves at Only $3.7bn

It appears the Central Bank of Nigeria (CBN) financial accounts have opened a can of worms as a United States largest lender JP Morgan...

Nigeria Gets Deadline To Pay Back $3.4bn IMF Loan

President Bola Tinubu's administration is expected to pay back the $3.4bn loan Nigerian government owe the International Monetary Fund (IMF) by 2027. Reports said that...

CBN Generates N1.91 trn Income on Overdraft Facility to FG

The Central Bank of Nigeria (CBN) generated N1.91 trillion in interest income on Overdraft facilities it granted at a rate of MPR+3%, according to...

Fuel Subsidy Removal: FG To Monitor Deployment Of Palliatives Across All States

The Presidency says the Federal Government will monitor the distribution of palliatives meant to cushion the impact of fuel subsidy removal to Nigerians at...

President Tinubu Pledges Massive Investment in Gas

President Bola Tinubu has pledged his administration's commitment to leveraging on domestic utilization, processing and export of Nigeria’s gas resources. This is to catalyze the...

CBN Opens FX Price Verification Portal For Importers

The Central Bank of Nigeria (CBN) has announced a foreign exchange (FX) Price Verification System (PVS) portal to enable importers to access forex. The CBN...

FG Okays N180b Palliative For 36 States

The federal government on Thursday approved N180 billion to be shared by the 36 states of the federation as part of its efforts to...

NNPC Secures $3bn AFREXIM Bank Loan To Stabilise Naira

The Nigerian National Petroleum Corporation (NNPC) Limited has secured a $3 billion crude repayment loan rom African Export-Import Bank (AFREXIM) Bank to support the naira...

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