No Plans to Convert $30 Billion Domiciliary Accounts to Naira
The Central Bank of Nigeria (CBN) has categorically denied any intentions to convert domiciliary account holdings valued at $30 billion
CBN Orders Banks to Sell Excess Dollar Stock by Feb 1
In a bid to stabilize the nation’s volatile exchange rate, the Central Bank of Nigeria (CBN) has directed Deposit Money
Naira Hits Record Low Against Dollar
The Naira witnessed a sharp decline at the official exchange window on Tuesday, reaching an unprecedented low of N1,482 against
China Implements Strategic Move to Boost Economy Amidst Challenges
China has announced a significant step to stimulate lending and address economic challenges. According to the People’s Bank of China
Nigeria Seeks $1.5 Billion Aid from World Bank to Alleviate Naira’s Decline
In a bid to address the severe dollar shortage affecting the naira, Nigeria is actively pursuing a $1.5 billion aid
National Assembly Increases Ministry of Works Budget to N1.03tn
The National Assembly has increased the budget allocation for the Ministry of Works from N657.3bn to a whopping N1.03tn. This
CBN Elect New Executives To Take the Helm at Union, Keystone, and Polaris Banks
The Central Bank of Nigeria (CBN) has appointed new executive officers to Union Bank, Keystone Bank, and Polaris Bank, following
Federal Government Allocates N450bn for Major Power Boost in 2024
The Nigerian Bulk Electricity Trading Company’s budget analysis reveals that the Federal Government is gearing up to invest N450bn in
NNPCL Assures Stable Fuel Prices Amidst Growing Rumors
Fuel prices are set to remain steady as the Nigerian National Petroleum Company Limited (NNPCL), the exclusive importer of petrol,