Economy
Naira’s Surge Elevates Aliko Dangote’s Wealth to $15.3 Billion
Aliko Dangote, Africa's wealthiest individual and the president of Dangote Group, has experienced a remarkable surge in his fortune amid...
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States’ N1.7 Trillion Debt to FG Unveiled at National Economic Council Meeting
At the recent 140th meeting of the National Economic Council chaired by Vice President Kashim Shettima, startling revelations surfaced regarding...
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FG Anticipates Over N5 Billion Quarterly Savings from Ban on Public-Funded Foreign Trips
The Federal Government of Nigeria is poised to achieve significant savings, estimated to exceed N5 billion every quarter, following the...
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Naira Continues Steady Appreciation Against US Dollar, Reaching N1,382/$ at Official Market
The Nigerian naira maintained its upward trajectory against the United States dollar on Thursday, marking a notable gain of N18...
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CBN Reports N193 Billion Missing from N10.3 Trillion Intervention Funds Under Emefiele
The Central Bank of Nigeria (CBN) has uncovered significant discrepancies in the management of intervention funds totaling N10.3 trillion during...
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Price of Kerosene Soars to N1,340 Per Litre Amid Escalating Inflation
The National Bureau of Statistics (NBS) has reported a concerning surge in the price of Household Kerosene (HHK), a vital...
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CBN Clears Forex Debt, Triggers New Exchange Rate Expectations
The Central Bank of Nigeria (CBN) has announced the successful clearance of all outstanding forex forward contracts, a move that...
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CBN Lifts Forex Ban on Importation of Milk and Dairy Products
In a significant policy shift, the Central Bank of Nigeria (CBN) has lifted the restriction on accessing foreign exchange for...
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Banks Introduce Stricter Requirements for Forex Buyers, Demand Three-Year Tax Clearance
In a move to enhance compliance and regulatory oversight, several banks in Nigeria have implemented new measures requiring customers to...
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Naira Strengthens to N1,460/$ in the Parallel Market
In a significant turnaround, the Nigerian naira demonstrated resilience against the United States dollar on Wednesday, experiencing a notable surge...
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