CBN Warns of Continued High Interest Rates Amid Rising Inflation
The Central Bank of Nigeria (CBN) may persist with its stringent monetary policies if inflation rates continue to climb, according...
Nigerian Insurance Companies Disburse Over N40 Billion in Claims Amid Economic Struggles
Nigerian insurance companies have disbursed N40.439 billion in claims during the first quarter of 2024, marking a 19.40% increase from...
Nigeria Receives $751.88 Million from World Bank to Support Economic Reforms
In a significant move to bolster Nigeria's economic stability and growth, the World Bank has disbursed $751.88 million to the...
CBN’s Forex Sales Fail to Stabilize Naira Despite Increased Dollar Supply
Despite the Central Bank of Nigeria's (CBN) efforts to stabilize the naira by injecting $122.67 million into the foreign exchange...
CBN Infuses $122.67 Million into Forex Market to Stabilize Naira
The Central Bank of Nigeria (CBN) has taken decisive action to stabilize the foreign exchange market by injecting $122.67 million...
Bitcoin and Ethereum Lead as Crypto Assets Witness $17.8 Billion Inflow
The cryptocurrency market has seen a substantial surge in investment, with institutional inflows into digital asset investment products reaching a...
Nigeria’s Inflation Rate Rises to 34.19% in June 2024
In June 2024, Nigeria experienced a rise in its headline inflation rate, reaching 34.19%, a slight increase from 33.95% recorded...
Dangote Group Aims for $30 Billion Revenue and Dominance in Forex Market by 2025
The Dangote Group has announced an ambitious target to generate $30 billion in revenue by 2025, aiming to become Nigeria’s...
Naira Declines in Both Official and Parallel Markets Despite Improved Dollar Inflow
The Nigerian naira experienced a significant drop against the US dollar in both the official and parallel markets on Thursday,...
Naira Strengthens Against Pound Amid Rising Foreign Reserves
The Central Bank of Nigeria (CBN) has reported an improvement in the value of the naira against the British pound...
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