Forex Inflows via IMTOs Reach $1.07 Billion in Q1 2024: CBN
The Central Bank of Nigeria (CBN) has reported a significant increase in foreign exchange inflows through International Money Transfer Operators ...
Tag: #Nigeria
eNaira Accounts for Less Than 1% of Circulating Currency
As of March 2024, nearly three years post-launch, Nigeria’s Central Bank Digital Currency (CBDC), the eNaira, constitutes less than 1% ...
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 ...
UAE Lifts Visa Ban on Nigeria, Implements New Verification Requirement
The United Arab Emirates (UAE) has lifted its two-year visa ban on Nigerian passport holders, allowing them to apply for ...
Naira Falls Beyond N2,000 Mark Against British Pound
The naira began Thursday's trading session on a weaker note against the British pound sterling, surpassing the N2,000 threshold. Concurrently, ...
Budget: FG Releases N1.2tn for Capital Projects
The Federal Government of Nigeria has released a total of N1.23 trillion to 17 ministries for the execution of capital ...
Fuel Scarcity Looms as Depots Raise Petrol Prices to N720/Litre
Fuel scarcity is re-emerging in Lagos and other parts of Nigeria following a significant hike in petrol prices by private ...
World Bank Extends Nigeria’s Digital Identification Project Deadline Amid Missed Targets
The World Bank is restructuring its Nigeria Digital Identification for Development (ID4D) project, extending the deadline to 2026 after the ...
Nigeria’s Money Supply Nears N100 Trillion in May 2024 Despite MPC Tightening Efforts
Nigeria’s money supply (M3) has soared to nearly N100 trillion, reaching N99.24 trillion in May 2024. This represents a 2% ...
Nigerian Government Receives 103 Deportees from Turkey Amid Visa Issues
The Federal Government has welcomed 103 Nigerian nationals deported from Turkey due to various migration-related issues, including expired visas and ...
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