The "Naira4Dollar Scheme" of the Central Bank of Nigeria (CBN) was launched in March 2021, and since then, the rate of the naira has dropped by a staggering N127 (or 26 percent). ...
Wells Fargo said on Friday that its second-quarter earnings fell 48% from the same period last year as a result of the bank setting aside money for bad loans and being hurt by decreases in its equ...
The Nigerian economy under President Muhammadu Buhari is worse than it was ten years ago, according to the World Bank. Its flagship research for 2022, titled "Global Economic Prospect," had...
The inflation rate in Nigeria currently stands at 20.77%, a 17-year high and an all-time high since 2005. The weakening economy and the global oil crises are the main causes of ...
The Central Bank of Nigeria has announced the redesign and printing of new naira notes for selected notes. Besides it being a norm for central banks to redesign local legal tender from time to tim...
As of February 2023, farmers have returned N503bn, or 52.39 percent, under the Anchor borrowers scheme, according to data released by the Central Bank of Nigeria.On Monday, AbdulMumin Isa released a s...
Last week, the industrial products index fell by 0.5% after the sector fell on the losers chart. Price depreciation in CAP (-2.2%) was the major cause of the decline witnessed by the sector.Eterna Plc...
Investors at Nigerian Exchange Limited experienced their first loss of the year.After the close of trading on Wednesday, the eighth consecutive day win experienced in the NGX market was cut short as a...
The Nigerian Exchange Limited began the week positively on Monday as the All-Share Index rose by 1.92% or 1,597.93 points, settling at 84,640.89 compared to Friday records, which was 83,042.96.At the ...
The Central Bank of Nigeria (CBN) announced on Wednesday that it had granted approval-in-principle (AIP) to 14 new International Money Transfer Operators (IMTOs) to triple the amount of foreign curren...