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CATEGORY

Economy

CBN to Release re-designed N200, N500, N1000 Naira Notes in December (VIDEO)

The Governor, Central Bank of Nigeria, Godwin Emefiele, has announced that the bank would release re-designed Naira notes by December 15, 2022. In a bid...

BDCs Beyond 2022: How CBN’s Unorthodox FX Policy Widens Exchange Rate Gap

...premium between official/parallel markets now N300/$ The unorthodox foreign exchange policy of the Central Bank of Nigeria (CBN) has adversely impacted on the naira stability...

The Impact of Manufacturing Sector on Economic Growth in Nigeria

Manufacturing is the process of transforming raw materials into a whole new product Flath (2014). He notes that the transformation of raw materials involves...

CBN to Compound Manufacturers’ Woes With Creation of Special FX Window

The Central Bank of Nigeria (CBN) is set to compound the woes of manufacturers with the creation of a special foreign exchange (FX) window...

Moody’s Places Long-Term Ratings of Nine Nigerian Banks on Review for Downgrade

Moody’s Investors Service has placed on review for downgrade the long-term deposit ratings, as well as long-term issuer and senior unsecured debt ratings, where...

Nigeria’s Inflation Rises to 20.77% in September – NBS

Nigeria’s inflation rose to 20.77% in the month of September, 2022. The National Bureau of Statistics, NBS disclosed this in its monthly report released...

NESG, NEDG to host Presidential Debate on Economic Policy Nov. 15

The Nigerian Elections Debates Group (NEDG), in collaboration with the Nigerian Economic Summit Group (NESG) is facilitating a Presidential Debate on Economic Policy that will hold on...

CBN Restricts Foreign Banks With Representative Offices From ‘Banking Businesses’

The Central Bank of Nigeria (CBN) has barred foreign banks operating representative offices in Nigeria from providing services designated as ‘banking businesses’ among other...

Oil Theft: 58 Illegal Oil Points Discovered So Far In Delta, Bayelsa – Tompolo

About 58 illegal oil points have been discovered so far since the operation to end oil theft on the waterways of Delta and Bayelsa...

Buhari Presents N19.76tn 2022 Budget To NASS Friday

President Muhammadu Buhari will on Friday present the N19.76 trillion 2022 Budget to the National Assembly in Abuja. The presentation will take place 10am at...

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