CBN To Reduce Number of BDC’s – FG
The Federal Government has recently urged the Central Bank of Nigeria (CBN) to reduce the number of Bureau de Change...
Banks Non-Performing Loans hits N1.5 Trillion, Central Bank Reports
Banks in Nigeria have been actively writing off debts and debiting accounts of non-cooperative debtors from other banks, in a...
NEC Affirms CBN $3 Billion Loan for Naira Stability
The National Economic Council (NEC) has officially announced its commitment to utilize the $3 billion emergency loan secured by the...
FG Secures $1.95 Billion in World Bank Loans Amidst Debt Concerns
Nigeria, facing concerns over its rising debt profile, has secured a total of $1.95 billion in loans from the World...
Nigerian Stock Trading Volume Dips by 62.65% in August, Hits Four-Month Low
The Nigerian Exchange Limited (NGX) has reported a substantial 62.65 percent decline in stock trading volume for the month of...
Gold Prices Inch Up Amidst Dollar Strength and Economic Data Anticipation
Gold prices edged slightly higher on Thursday, attempting to recover from a recent six-month low reached in the previous session....
Manufacturers report N272bn unsold inventory in first half of 2023
The first half of 2023 witnessed a significant surge in the inventory of unsold finished products in Nigeria's manufacturing sector,...
MAN Urges Tax Reform and Support for Manufacturers
The Manufacturers Association of Nigeria (MAN) has called upon federal and state authorities to streamline the complex tax structure affecting...
CBN Governor Vows to Address Forex Obligations and Inflation
The newly appointed Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has outlined his immediate priorities during a...
IMF Rep Emphasizes the Need for Lower Inflation and Predictable Exchange Rates to Boost Nigerian Investments
In a recent interview on Arise News Television's Global Business Report show, Ari Aisen, the Resident Representative for the International...
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FG Releases Revised Import Prohibition List, Bans Paracetamol, Tomato Paste and others.
Naira Slips to N1,420 per Dollar in Parallel Market as Official Rate Edges Higher
Nigeria’s Foreign Reserves Hit $51.86 Billion, Highest in 17 Years
CBN Raises N1.19 Trillion at July 15 Treasury Bills Auction
Russian Inflation at Five-Year Peak Boosts Chances for Rate Hike
