Nigeria’s Inflation Hits 33.88% in October Amid Rising Food and Energy Costs
Nigeria’s inflation rate surged to 33.88% in October 2024, up from 32.70% recorded in September, driven by escalating food prices…
Category: Economy
CBN’s Push for Financial Inclusion: Expanding Access to 28 Million Unbanked Nigerians
The Central Bank of Nigeria (CBN) has revealed that approximately 28 million Nigerians, primarily in rural areas, lack access to…
CBN Maintains High Interest Rates to Tackle Persistent Inflation in Nigeria
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, recently highlighted the complexities surrounding Nigeria’s high-interest rate…
CBN Confirms No Deadline for Old Naira Notes, Dispels December 2024 Rumors
The Central Bank of Nigeria (CBN) has clarified that there is no cutoff date for using the old N200, N500,…
NNPC-Chevron Joint Venture Makes New Discovery Amid Declining Oil Exploration in Nigeria
The NNPC Limited – Chevron Nigeria Limited Joint Venture (NNPC-CNL JV) has achieved a significant milestone with the successful drilling…
Aliko Dangote Retains Title as Africa’s Richest Man, Ranks 65th Globally
Aliko Dangote, the prominent Nigerian business magnate, has once again secured his position as the richest man in Africa. According…
Yobe State Governor Constitutes Committee on New National Minimum Wage Implementation
Governor Mai Mala Buni of Yobe State has approved the formation of a 10-member committee to oversee the implementation of…
FIRS Chairman Clarifies Tax Reform Bills Are Not Meant to Increase Taxes
Zack Adedeji, Chairman of the Federal Inland Revenue Service (FIRS), has clarified that the recent tax reform bills presented to…
Naira Among Worst-Performing Currencies in Sub-Saharan Africa, World Bank Report Reveals
The Nigerian Naira has emerged as one of the worst-performing currencies in sub-Saharan Africa as of the end of August…
Naira Appreciates in Official Market But Crashes in Parallel Market
On Monday, October 14, 2024, the Nigerian currency, the naira, made a notable recovery in the official foreign exchange market,…