The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has defended the bank’s decision to raise the Monetary Policy Rate to 27.25 per cent, describing it as a…
The Edo State Governor, Godwin Obaseki, has described Nigeria as technically bankrupt. Obaseki added that the Federal Government was “stuck in the past” and needed to restructure the country for…
The Naira depreciated on Tuesday to N1,600 per dollar in the parallel market, down from N1,590 per dollar last weekend. In contrast, the Naira appreciated to N1,579.22 per dollar in…
Economist and Managing Director of Financial Derivatives, Bismarck Rewane, has stated that the latest directive of the Central Bank of Nigeria to International Oil Companies on the sale of foreign…
The National Bureau of Statistics, NBS, has disclosed that Nigeria’s headline inflation rate increased to 33.20 per cent in March 2024, up from 31.70 per cent in February 2024. This…
President Bola Ahmed Tinubu on Friday reviewed the performance of the economy since he assumed office and declared that it would roar back to glory in the coming months. But…
The World Bank has said that the lower-than-average growth in Nigeria will hold back the sub-region’s economic performance. The Washington-based lender in a report on the economic outlook of Western…
Nigerians especially men who are heads of their respective families have been tasked to always take solace in the word of God and 'think outside the box' by the use…
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 400 basis points to a record 22.75 per cent. The MPR…
The Nigeria Labour Congress, (NLC), has said that at least fifty million Nigerians go to bed hungry due to the economic hardship in the country. Speaking in Abuja on Tuesday,…