Cardoso magic: Naira keeps a steady rebound against the dollar
The Naira has continued its bullish run against the dollar in both the official and black market in what experts attributed to the improved and innovative forex policy of the…
Nigeria’s external reserves significantly increases to $34.11 bn highest in 8 months – CBN
March 21, 2024 The Central Bank of Nigeria (CBN) has reported a significant increase in external reserves, rising by 993 million dollars to 34.11 billion dollars as of March 7,…
CBN clears $1.5bn outstanding fx transactions, eliminates legacy backlog
March 21, 2024 The Central Bank of Nigeria (CBN) says all valid foreign exchange backlogs have now been settled. This is according to a statement by CBN’s Acting Director, Corporate…
Woman Bags Jail Terms for Money Racketeering in Lagos
March 17, 2024 The Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC on Friday secured the conviction and sentencing of one Bose Lateef before Justice Deinde Dipeolu…
Budget: First time in over 20 years, Capital Expenditure exceeds Recurrent
We have observed that for the first time in over two decades, capital expenditure funds are higher than allocations to recurrent. By the nation’s annual budget precedence, this is remarkable…
How Emefiele Allegedly Awarded Multi-Billion Naira Contracts to Family & Associates-Witness tells court
March 11, 2024 A Seventh Prosecution Witness, PW7, in the trial of a former governor of Central Bank of Nigeria, CBN, Godwin Emefiele on Monday, told Justice Hamza Muazu of…
CBN: EFCC should probe all Buhari’s appointees – Human Rights Lawyer
Human rights lawyer, Pelumi Olajengbesi on Friday called on the Economic and Financial Crimes Commission (EFCC) to audit the financial transactions of all officials of government who served under…
Diaspora remittances: FX inflow rose significantly to $1.3bn in February – CBN
March 8, 2024 The Central Bank of Nigeria (CBN) has reported a significant increase in foreign exchange inflow into the economy in February. Acting Director, Corporate Communications Department of the…
Reforms will unlock Nigeria’s economic fortunes, perseverance is key
The current economic reforms in Nigeria are where the fortunes of the Africa’s largest economy will be unlocked, a Think Tank group, the Independent Media and Policy Initiative (IMPI),…
Addressing food insecurity immediate priority for Nigerian govt- IMF
March 5, 2024 The International Monetary Fund (IMF), says addressing food insecurity should be the immediate priority for the Nigerian government. The IMF said this in its End-of-Mission statement issued…