Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) has, rejected calls for adopting a clean float foreign exchange management approach. Emefiele’s stance comes amid...
Shortfall in electricity tariff paid by consumers to power distribution companies (DISCOs) has dropped to N247b billion, from N1.891 trillion, according to a fact sheet on...
Nigeria’s external reserves increased by $243.83m in 19 days, data from the Central Bank of Nigeria (CBN) show. The apex bank’s data on movement in reserves...
The International Monetary Fund (IMF), has raised its 2022 economic growth forecast for Nigeria to forecast to 3.4 percent. The IMF which stated this at its...
The Central Bank of Nigeria (CBN), Nigeria’s apex bank, debited 10 banks N7.02 trillion in 2021 over failure to meet the 27.5 per cent Cash Reserve...
Global financial institution, the World Bank has warned in its latest ‘Africa’s Pulse’ report, a biannual analysis of the near-term regional macroeconomic outlook, that Nigeria’s increasing...
Nigeria’s Consumer Price Index (CPI) which measures inflation increased 1.74 percent, month-on-month to 15.92 percent in March 2022. This is according the Consumer Price Index for...
Mr Timipre Sylva, minister of state for petroleum resources, has said the Port Harcourt refinery will resume operations by the first quarter of 2023. Sylva who...
BY EMEKA EJERE Those yearning for the review of Nigeria’s vertical revenue allocation formula would have been elated by the just released recommendations of the Revenue...
