CATEGORY
Economy
Nigeria Locked Out of Dollar Bond Market as Yield Spread to US Treasuries Soar
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More than a quarter of emerging market countries including Nigeria have found themselves effectively locked out of international bond markets as the extra yield...
US Recovers $53m In Profits From Illegal Contracts Involving Diezani, Aluko, Omokore
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The Justice Department of the United States has announced the final resolution of two civil cases seeking the forfeiture of various luxury assets that...
Emefiele Apologises for Deluge of Online Transactions’ Failure
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The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has admitted challenges faced by bank customers following the limit on cash...
CBN Raises MPR to 18%
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The Central Bank of Nigeria (CBN) Tuesday raised the Monetary Policy Rate (MPR) by 50 basis points to 18 per cent from 17.5 per...
CBN To Hold Two-Day Monetary Policy Committee Meeting
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The Central Bank of Nigeria (CBN) has scheduled the next Monetary Policy Committee (MPC) meeting between Monday and Tuesday next week.
In a Tuesday notice...
Nigeria’s Q1 GDP to Collapse by N10trn on Cash Constraints – Kale
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Nigeria’s may see a major collapse in its Gross Domestic Product (GDP) for the first quarter (Q1), of 2023, as a result of the...
Supreme Court Orders Old N200, N500, N1,000 Notes To Remain In Circulation Till Dec 31
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The Supreme Court on Friday ordered that old N200, N500, and N1,000 notes remain in circulation till December 31, 2023.
The apex court also nullified...
Foreigners Shun Nigerian Stocks as Naira Devaluation Seen After Elections
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Foreign investors are side-stepping Nigerian stocks as Africa’s largest economy is widely expected to devalue the naira after presidential elections set to be held...
Nigeria’s GDP Expands by 3.52% in Q4 2022 – NBS
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Nigeria’s Gross Domestic Product (GDP) growth rate expanded by 3.52% in the fourth quarter (Q4) of 2022.
Overall growth fell to 3.10 per cent in...
Aisha Buhari Posts Fake News About Old Naira Notes
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Amid the naira crisis disrupting economic activities in Nigeria, the president’s wife, Aisha Buhari posted a statement on her Instagram page telling Nigerians to...