The Central Bank of Nigeria (CBN) has revoked the operational licenses of 4,173 Bureaux De Change (BDC) operators, citing non-compliance with regulatory requirements. The CBN announced...
The Centre for the Promotion of Private Enterprise (CPPE) has condemned latest rate hikes by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria...
The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark interest rate by 400 basis points to a record 22.75%. The CBN...
The Central Bank of Nigeria (CBN) has conducted a successful Treasury Bills auction, selling a substantial N1.58 trillion as part of its efforts to manage liquidity in...
Ola Olukoyede, the executive chairman of the Economic and Financial Crimes Commission (EFCC), has called for a broad-based collaboration and synergy between the Commission and the...
By Elvis Eromosele I was in the Ikotun market last weekend, shopping for groceries with Madam. While the atmosphere was cloaked in romantic garb, i.e., ‘continuation...
Nigeria’s inflation rate climbed to 29.90 per cent in January 2024 from 28.92 per cent recorded in the previous month. The 0.98 per cent increase confirms...
Today, we take a closer look at some of the drivers of Nigeria’s headline inflation, following our initial commentary on December’s headline reading. We see from...
Organisers of the maiden Lagos Motor Show (LMS) have targeted Nigeria’s automotive industry with optimized economic benefits by unlocking new possibilities through synscronisation of the past,...
By CSL Research Using data sourced from the Nigeria Inter-Bank Settlement System (NIBSS), cashless transactions, encompassing NIBSS Instant Payment and Point of Sale (POS) transactions, witnessed...
The 364-day tenor treasury bill was oversubscribed as its stop rates spiked to 19% at the February 7th 2024 auction. The CBN offered N600 billion of...
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said about $2.4 billion out of the reported $7 billion outstanding foreign exchange liabilities of...
Amid stakeholders’ rejection of the N1,356.883 exchange rate, the Central Bank of Nigeria (CBN) on Saturday readjusted the exchange rate on the Customs platform to N1,413.62/$1....
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs) to sell their excess dollar stock latest February 1, 2024, as part of moves...
The Federation Account Allocation Committee (FAAC) disbursed the sum of N1.62 trillion to the three tiers of government in December 2023 from the total revenue generated...
The Central Bank of Nigeria (CBN) has released $500 million to various sectors as part of its determination to address the backlog of verified foreign exchange...
In its latest report, leading auditing and consulting firm, PwC has disclosed seven major trends that will shape Nigeria’s troubled economy in 2024. Among others, the...
By Umar Suleiman Investment in the Nigerian telecommunications sector dropped to $111.91 million in the first three quarters of 2023, down 61.22 per cent from $288.55...
Foreign Direct Investments into Nigeria declined by $470.8m in the last five years, findings have shown. This followed analyses of different Capital Importation reports published by...
As N’Assembly raises lawmakers’ allocation to N344bn The National Assembly has raised its 2024 budgetary allocation by 74.23 per cent to N344.85bn. This will be the...