Naira Depreciation Spurs Business Adaptation—Adeleye
The chief strategy officer of Retail Supermarkets Nigeria Limited (Shoprite), Bunmi Adeleye, stated that naira depreciation has created opportunities for...
Monday, May 4, 2026
News
CBN Not to Blame For Nigerians’ Challenges– Cardoso
The governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso has said, the apex bank is not responsible...
FEC Approves Consumer Credit Scheme, Social Security Extension
The Federal Executive Council (FEC) has given its nod to the establishment of a consumer credit scheme and the extension...
FG Targets 20% Tax On Sugar Beverages
In a proactive move aimed at tackling the escalating rates of excessive sugar consumption and Non-Communicable Diseases (NCDs), the Federal...
FEC Gives Go-ahead For Lagos-Calabar Coastal Superhighway Construction
In a significant move towards enhancing national connectivity and infrastructure development, the Federal Executive Council (FEC), chaired by President Bola...
CBN Injects Over $300m Into Banks Amid Naira Recovery
The Central Bank of Nigeria (CBN) has taken decisive steps to shore up the value of the Nigerian Naira, injecting...
Oronsaye Report: Government Agencies To Undergo Restructuring
The Federal Executive Council (FEC) has granted approval for the implementation of recommendations from the Steve Oronsaye panel regarding the...
Naira Strengthens To ₦1,650/$ In Parallel Market
The Nigerian naira showcased a recovery trend against the US Dollar in the parallel market, driven by actions initiated during...
CBN Raises Monetary Policy Rate To 22.75%
In a significant move, the Central Bank of Nigeria (CBN) has announced a substantial increase in the monetary policy rate...
Nigerian Naira Records Significant 5.22% Appreciation Against US Dollar
In a notable development on February 26, 2024, the Nigerian Naira experienced a substantial surge in value against the US...
