Nigeria’s Forex Spending on Foreign Education Drops 83% in Q1 2024
Nigerians significantly reduced their expenditure on foreign education in the first quarter of 2024, according to recent data from the...
Senate Approves Finance Act Amendment, Raises Banks’ Windfall Levy to 70%
In a significant move, the Nigerian Senate has passed an amendment to the 2023 Finance Act, increasing the windfall levy...
Nigeria’s External Reserve Hits $37 Billion – Cardoso
Nigeria's external reserves have reached $37.05 billion as of July 18, 2024, according to the Governor of the Central Bank...
CBN Increases Interest Rate to 26.75%
The Central Bank of Nigeria (CBN) has raised the interest rate by 50 basis points, bringing it to 26.75%. This...
Nigerian Government Orders Fresh Tests on Dangote Refinery Fuel
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has mandated new tests on the diesel produced by the Dangote...
Naira Fluctuates Against Pound and Euro, Falls to N1,596 Against US Dollar
The Nigerian currency, the naira, experienced mixed performance against various foreign currencies in the parallel and official markets recently. On...
Forex Inflows via IMTOs Reach $1.07 Billion in Q1 2024: CBN
The Central Bank of Nigeria (CBN) has reported a significant increase in foreign exchange inflows through International Money Transfer Operators...
Make Nigeria Better By Ayo Akinfe. Today’s Focus: Yobe State
Yobe State is arguably the most arid state in Nigeria as its northern tip is in the Sahel savannah, which...
China Cuts Key Interest Rates to Stimulate Growth: What Nigeria Can Learn
In a surprising move, the People's Bank of China (PBOC) has slashed its key short-term policy rate and benchmark lending...
IMF Lists Top 10 African Nations with Highest Debt Burdens
The International Monetary Fund (IMF) has released a report identifying ten African countries grappling with substantial debt burdens. These nations,...
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