Tag: #inflation

In the first half of 2023, state and local governments in Nigeria received a total of N2.59tn from the federation ...

Gold Prices Dip as Dollar Strengthens and Economic Optimism Grows.

As the dollar index reached a three-week high and 10-year U.S. Treasury yields rose, spot gold experienced a 0.7% decline ...

NLC Criticizes President Tinubu’s Minimum Wage Declaration

In a recent statement released on Monday night, the Nigeria Labour Congress (NLC) criticized President Bola Tinubu's assertion that the ...

CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

Currency Outside Banks Surges to N2.26tn by June 2023, Reports CBN.

In a recent report released by the Central Bank of Nigeria (CBN), currency outside banks in the country reached a ...

EIU Predicts Naira’s Decline to N1,018 per Dollar Amidst Soaring Inflation.

The Economist Intelligence Unit (EIU) has predicted that the pressure on Nigeria's currency, the naira, is likely to persist in ...

Rapid Surge in Job Losses as 4 Million Small Businesses Close within Two Months.

Nigeria is witnessing a surge in job losses as a result of the recent increase in petrol prices due to ...

CBN Revises Cash Reserve Ratio for Merchant Banks, Slashing it to 10%

CBN Rolls Out N187.11 Billion Treasury Bills in Primary Market Auction.

by Victoria Attah

The Central Bank of Nigeria (CBN) recently conducted its Primary Market Auction (PMA) for Treasury Bills, issuing maturing bills worth ...

KPMG Advocates Alternatives to Money Supply in Response to Petrol Subsidy Removal.

Global audit, tax, and advisory services firm, KPMG, has called for the deployment of alternative measures to money supply in ...

LCCI Urges CBN to Remove Forex Restrictions on 43 Products.

The Lagos Chamber of Commerce and Industry (LCCI) has called on the Central Bank of Nigeria (CBN) to eliminate foreign ...

Widening Gap After Exchange Rate Unification: I&E Window vs. Parallel Market Rate.