CATEGORY
Economy
FEC Approves Renewed Hope Infrastructure Fund For Critical Projects Nationwide
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The Federal Executive Council has sanctioned the creation of the Renewed Hope Infrastructure Fund, aimed at enhancing social services nationwide.
Zacch Adedeji, the Chairman of...
CBN Sells Dollars to Bureau De Change Operators at N1,251/$1
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The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change operators (BDCs) informing them that they sold $10,000 to each...
Nigeria February Inflation Soars to 31.7% as Food Prices Spike
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Nigeria’s inflation as measured by the consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to...
CBN Reports Upsurge In Dollar Inflow as Remittances Quadruple
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The Central Bank of Nigeria (CBN) has reported a significant increase in dollar inflow into the economy in February 2024.
The increase is attributed to...
CBN Caused Inflation by Carelessly Printing N22trn for Buhari – Edun
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Minister of Finance and Coordinating Minister of Economy, Wale Edun, has blamed the Central Bank of Nigeria (CBN) under former President Muhammadu Buhari for...
Nigeria Labor Unions Begin Nationwide Protests Over Economic Hardship
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Members of the Nigeria Labour Congress (NLC) have started protests in several parts of the country over the biting economic hardship.
Labour and Federal Government...
CRR to 35%, Steep MPR Hike, What to Expect From Nigeria’s MPC
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There is a meaningful chance the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will raise rates steeply today as the...
Tinubu Names Dangote, Elumelu, Rabiu Members of Economic Advisory Committee
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President Bola Tinubu has set up a tripartite economic advisory committee in what he described as part of his efforts in stabilising Nigeria’s economy.
Some...
Nigeria Begins 2-Day MPC Meeting With All Eyes on Cardoso, Naira
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Nigeria’s central bank will begin a 2-day monetary policy committee (MPC) meeting under new Governor Olayemi Cardoso today with all eyes on the attempts...
FAAC Shares Over N1trn January 2024 Revenue To FG, States, And LGs
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The Federation Account Allocation Committee (FAAC) has shared a total sum of N1.149 trillion January 2024 Federation Account Revenue to the Federal Government, States...