Nigeria’s FX Turnover Hits $7.4 Billion in July, Reflecting Increased Trading Activity
Nigeria's foreign exchange (FX) market experienced a significant boost in trading activity in July 2024, with a turnover of N11.48 ...
Tag: #Nigeria
Capital Reversals Drive Nigeria’s $1 Billion Foreign Outflow in April 2024
Nigeria saw a significant rise in capital outflows in April 2024, with total outflows reaching $1 billion, marking a 35.14% ...
Nigeria’s World Bank Loan Disbursement Under Tinubu’s Administration Stands at Only 16%
Nigeria has so far received just 16% of the World Bank loans approved during the administration of President Bola Tinubu, ...
Nigerians Turn to Banks for N4.82 Trillion in Loans Amid Rising Inflation
Nigerians borrowed an unprecedented N4.82 trillion from banks between January and March 2024 as the soaring cost of living forced ...
Nigeria Owes NNPC $4.9 Billion in Fuel Subsidy Debt, Report Reveals
The Federal Government of Nigeria owes the Nigerian National Petroleum Company Limited (NNPC) a significant debt of $4.9 billion (N7.8 ...
Diesel Prices Drop by 5.71% in July, Yearly Increase Still Significant
The average retail price of Automotive Gas Oil, commonly known as diesel, experienced a notable decrease of 5.71% in July ...
CBN Governor Praises IFRS Adoption for Boosting Nigeria’s Banking Sector Growth
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has lauded the significant growth in Nigeria’s banking ...
Inflation Rate Declines for the First Time in 19 Months, Now at 33.40% in July
Nigeria's inflation rate saw a notable decrease in July 2024, marking the first decline in 19 months. The headline inflation ...
FG Implements Zero Import Duty on Essential Food Items to Combat Inflation
In a bid to alleviate the rising cost of food items in Nigeria, the Federal Government has directed the Nigeria ...
Nigeria’s External Reserves Dip by 0.68% Amid CBN Projections
Nigeria’s external reserves have experienced a decrease of 0.68%, dropping to $36.620 billion as of August 12, 2024, from $36.872 ...
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CBN Prepares for N8.57 Trillion Liquidity Influx as OMO and Bond Maturities Hit Banks
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31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows
