Economy
How CBN Can Save Naira, Engender Stability In FX Market, By ABCON Boss
John Omachonu Amid the protracted crisis in the foreign exchange market, typified by record depreciation of the local currency, naira,...
Read moreDetailsNaira: EFCC Storm Bureau De Change Hub In Abuja
Operatives of the Economic and Financial Crimes Commission (EFCC) on Friday stormed Wuse Zone 4, Abuja, home to most bureau...
Read moreDetailsCBN Urges Nigerians To Resist Speculative Activities Of FX Players, Admits Demand Pressure
Amid rising demand for foreign exchange for both goods and services by Nigerians, the Central Bank of Nigeria (CBN) has...
Read moreDetailsNigeria’s Debt Service Ratio Now World’s Worst, Unsustainable Fiscal Policy, says EIU
The recent revelation of the staggeringly high 118.9 percent debt service/revenue ratio from January to April by Ahmed Zainab, Nigeria's minister...
Read moreDetailsSenate Summons CBN Gov Over Declining Value Of Naira As Local Currency maintains Declining Spree, Hiting N680/$
The Nigerian Senate has summoned the Governor of the Central Bank of Nigeria, Godwin Emefiele over the declining value of...
Read moreDetailsRevenue Boost Likely As EU Plans To Replace Gas From Russian with Nigeria
The European Union (EU) Delegation to Nigeria and ECOWAS said on Friday that, it would replace the gas from...
Read moreDetailsDeeper Economic Crisis Imminent As Nigeria Spends More On Debt Servicing Than Revenue
The Nigerian economy is in crisis and sinking deeper and the only likely immediate option for the country's economic...
Read moreDetailsAnalysts Say Inflation Beyond MPC, Seek Collaboration Between CBN, MoF, MoT&I As Apex Bank Raises Interest Rate To 14% To Check Scourge
Some analysts have expressed fears that Nigeria is progressing gradually towards recession from the rising challenges of inflation, concluding...
Read moreDetails‘We Are Transforming Our Petroleum Industry To Strengthen Growth’ , Buhari At Unveiling Of NNPC Limited
“We are transforming our petroleum industry to strengthen the growth today July, 19 2022,” President Muhammadu Buhari made the...
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Nigeria’s Inflation Maintains Upward Swing, Rate Hits 18.6%, Analysts Insist Figure Not Reflection Of Market Reality
Nigeria’s inflation rate increased to 18.60 per cent in June, up from 17.71 per cent in the previous month, the...
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