The World Bank has said that the Nigerian currency, Naira has weakened by 40 percent since mid June 2023 devaluation and is one of the worst-performing...
In a bid to boost liquidity in the private sector, the Central Bank of Nigeria (CBN) on Monday unveiled a new financial instrument called “The 100...
The International Monetary Fund (IMF) has given Nigeria a hard knock over its policy of guiding the naira to appreciate in value through weekly pumping of...
The European Union, EU, has advised the Federal Government on a number of steps to take to tackle the current economic recession in the country. ...
The International Monetary Fund (IMF) has handed down harsher conditions for Nigeria to meet before being bailed out of its present economic recession. This was disclosed...
Moody’s, the global rating agency, has predicted a further rise in the already historic high in the nation’s inflationary rate to 18 per cent. According to...
The Central Bank of Nigeria (CBN) has set the stage for the devaluation of the naira, as it said on Wednesday that it will allow the...
The Federal Government and 36 states governors have oncluded plans to hold a retreat to consider alternatives to devaluation of the naira. This was disclosed on...
In spite of efforts by the Central Bank of Nigeria to curb access to hard currency on the official interbank market for importers of some goods,...
