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CBN's Rigid Monetary Policies Threaten Nigeria's Industrialization Efforts

With the Central Bank of Nigeria (CBN) keeping the benchmark interest rate at 27.5 percent, local ma...

May 22, 2025
CBN Holds Interest Rate Steady at 27.50% Amid Inflation Concerns and Economic Recovery Efforts

ABUJA, Nigeria — The Central Bank of Nigeria (CBN) has once again held its benchmark inte...

May 20, 2025
CBN Stresses Commitment to Protecting Financial Interests of Nigerians

The Central Bank of Nigeria (CBN) has assured the public, depositors, and stakeholders that the Nige...

May 20, 2025
CBN Launched BVN Platform for Nigerians Living Abroad
May 14, 2025

The Central Bank of Nigeria (CBN), in partnership with the Nigeria Inter-Bank Settlement System (NIB...

World Bank: Tinubu’s Reforms Bringing Stability to Nigeria’s Economy
May 13, 2025

ABUJA, Nigeria - The World Bank expressed approval of the federal government on Monday, noting that...

Nigeria's Foreign Exchange Market Sees Significant Inflow Decrease as Foreign Contributions Drop by 16.5%
May 5, 2025

The Financial Market Dealers Quotation (FMDQ) has reported that total inflows into Nigeria's exchang...

Naira depreciates to N1,602.18 per dollar as CBN reports 0.34% drop
May 3, 2025

The naira fell in value at the official market, on Friday,  reaching N1,602.18 to the doll...

Nigeria's Economic Reforms Boost Sovereign Credit Profile - IMF
April 23, 2025

The Assistant Director for Global Markets at the International Monetary Fund (IMF), Jason Wu,  ...

New Tax reform bill to benefit low-income earners, small businesses-Oyedele
April 17, 2025

ABUJA, Nigeria - The chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oye...

Nigeria's Debt Soars: To exceed N155 Trillion by 2025 amidst economic strain
March 21, 2025

The United Nations Conference on Trade and Development (UNCTAD) has indicated that many countries, p...

Afreximbank urges fiscal discipline as Africa's bebt hits $1.2trillion
March 17, 2025

With Africa's total debt reaching $1.2 trillion, Afreximbank has emphasized the necessity for govern...

Nigeria Rank Top 10 African Nations Contributing to 69% of Continent's External Debt
March 5, 2025

The Africa Export and Import Bank (Afreximbank) has reported that Nigeria is among the 10 African na...

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