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The Chartered Institute of Bankers of Nigeria (CIBN) has expressed concerns about the negative effects of certain government policies, including the removal of the fuel subsidy...
Nigeria’s broad Money Supply (M²) surged by 48.3% year-on-year (YoY) to reach N107.7 trillion in October 2024, up from N72.6 trillion in the same period of...
The naira experienced a significant decline against the dollar in the foreign exchange market following the Central Bank of Nigeria’s (CBN) fifth interest rate hike, raising...
The Central Bank of Nigeria (CBN) has clarified that it has not reinstated the cybersecurity levy that was previously suspended. The CBN had initially suspended the...
CBN Governor Olayemi Cardoso suggests maintaining high interest rates to tackle inflation. Nigeria’s inflation rate stands at 33.2%, with food inflation even higher at 40%. Cardoso...
Nigerian Naira depreciates against US dollar, reaching N1,309.39 per dollar. Despite depreciation, trading volume surges to $857.78 million, doubling from previous day. Investor’s and Exporters’ window...
Governor Obaseki criticizes CBN’s decision to raise Monetary Policy Rate to 22.75% He advocates for boosting local production to meet demand for goods and services Obaseki...
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has announced far-reaching measures to shore up the value of the Naira, with more liquidity...
In the economic landscape of Nigeria, a pressing concern has taken center stage in recent times—escalating inflation rates, currently soaring close to a staggering 27%. The...
Tinubu has outlined his economic agenda, focusing on job creation, economic growth, and improved governance. The administration aims to stimulate the economy through budgetary reforms, industrial...