Economy
Record High Cocoa Prices Spell Concern for Consumers
Cocoa prices are skyrocketing to unprecedented levels, with consumers bracing for potential impacts on their wallets as the world grapples...
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NCC Records Historic Data Consumption of 721,522 Terabytes in January 2024
The Nigerian Communications Commission (NCC) has disclosed that data consumption in January 2024 reached an unprecedented 721,522 terabytes, marking the...
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Top Story: Central Bank Raises MPR by 200 Basis Points to 24.75%
In response to growing concerns over inflation and economic stability, the Monetary Policy Committee (MPC) of the Central Bank convened...
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Stock Market Sees N288.9 Billion Decline due to Profit-Taking in Dangote Sugar
The Nigerian Exchange Limited (NGX) started the week's trading on a bearish note, with a significant drop of N288.9 billion...
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FG Deducts Over N415 Billion from State Allocations for External Debt Servicing
The Federal Government has reportedly deducted a total of over N415 billion from state government allocations to service their external...
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CBN Orders BDCs to Sell Dollar at N1,269/$ as Naira Maintains Steady Appreciation
The Central Bank of Nigeria (CBN) has instructed Bureau de Change (BDC) operators to sell the dollar at a rate...
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Naira Strengthens to N1,400 on Parallel Market, N1,408 on Official Window
On Tuesday, the naira experienced a further appreciation in value at the parallel segment of the foreign exchange (FX) market....
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CBN Executes FX Sale to BDCs at Rate of N1,251 per Dollar
The Central Bank of Nigeria (CBN) has announced the commencement of the second tranche of sales of foreign exchange (FX)...
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FG’s External Debt Soars by N17.37 Trillion in One Year Amid Exchange Rate Fluctuations
The Debt Management Office (DMO) has revealed a staggering increase in the naira value of the federal government's external debt,...
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Nigeria Spends $3.5 Billion Servicing External Debt in 2023- DMO Reports
Nigeria has disbursed a total of $3.5 billion to service its external debt stock of $42.5 billion throughout 2023, according...
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