Economy

Nigeria’s capital inflows fell 26% to $3.9 billion in 2023 from $5.3 billion the previous year, the National Bureau of Statistics said in a...

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has described his job as the second most difficult on the globe. This is as...

The country’s headline inflation moved to 29.90% percent in January 2024, according to the latest data released by the National Bureau of Statistics (NBS).  NBS...

By Abdulwaheed Olayinka Adubi, Kaduna Alh. Aliko Dangote, President Dangote Conglomerate, has pledged to support social policies and human development initiatives of the government, targeted...

Global carry traders are being lured back to Nigeria by higher yields and new reforms of its foreign exchange (FX) markets by the Central...

The Central Bank of Nigeria (CBN) hiked the interest rates on short term debt obligations or treasury bills on Wednesday in a bid to...

Nigerian central bank Governor Olayemi Cardoso said that dollar liquidity in the country’s currency market has risen sharply, pointing to “positive outcomes” from recent reforms. Transaction volumes...

S&P, a global credit ratings agency, at the weekend affirmed that Nigeria’s credit outlook will remain stable in 2024, with short-term foreign and local...

The Federal Government and the Central Bank of Nigeria (CBN) have denied that there are plans to convert $30 billion domiciliary deposits to naira. This...

Nigeria’s naira plunged to a record against the dollar following a revision of the methodology used to set the exchange rate, in effect the...