CBN Sells N1.58trn In Treasury Bills, Sets 19% Interest Rate
The Central Bank of Nigeria (CBN) has conducted a successful Treasury Bills auction, selling a substantial N1.58 trillion as part...
Saturday, April 20, 2024
Business
‘Only 5% of Nigerians Hold Over N500,000 In Bank Accounts’
In a recent interview with Channels TV, Finance Minister and Coordinating Minister of the Economy, Wale Edun, revealed a startling...
CBN Weighs Crackdown On BDC Street Trading, Limits Forex Purchases
The Central Bank of Nigeria (CBN) is mulling over a stringent crackdown on Bureau De Change (BDC) street trading and...
Use Naira As Only Legal Currency In Nigeria — Ned Nwoko
In order to stem the free fall of the Naira, Senator of the Federal Republic of Nigeria representing Delta North,...
Crypto Money Laundering Dips To $22.2bn In 2023
A comprehensive report by blockchain research platform Chainalysis has unveiled a significant decrease in global cryptocurrency laundering activities, revealing...
“Nigeria’s Money Supply Hits New All-Time High of N93.72 Trillion in January 2024”
In a notable revelation, the Central Bank of Nigeria (CBN) has disclosed that Nigeria's broad money supply, a key indicator...
January Sees Sharp Diesel Price Surge To N1153/Litre—NBS
The National Bureau of Statistics (NBS) has unveiled a significant uptick in diesel prices, with the average retail price per...
Nigeria Imported Nearly 12bn Litres Of Petrol In H1 2023 – NBS Report
The National Bureau of Statistics (NBS) has revealed that Nigeria imported 11.94 billion litres of Premium Motor Spirit (PMS), commonly...
Food Inflation: FG Allocates Additional N30bn To States
In a recent session held in the Red Chamber, Senate President Godswill Akpabio has disclosed that the federal government, through...
FG Contemplates Action Against Crypto Firms Amid Forex Crisis
Amidst the escalating forex crisis in Nigeria, the federal government is deliberating potential measures against online crypto platforms like Binance...
