FX Inflow Rises by 20.62% as CBN's Share Declines
The Nigerian economy recorded a rise in foreign exchange inflow during the fourth quarter of 2024, according to the latest Central Bank of Nigeria (CBN) Economic Report.
The report revealed that total...
FG Seeks Fresh $10.50m Loan from World Bank
Nigeria has approached the World Bank for a fresh $10.50m loan to enhance the Central Bank of Nigeria’s technical capacity and modernise the country’s domestic payment infrastructure.
According to information exclusively obtained from...
Trump's Tariffs Put $10bn US-Nigeria Trade at Risk
The newly imposed 14 per cent tariff by US President Donald Trump on exports by Nigerian businesses presents a significant risk to the $10bn annual exports to the United States, potentially disrupting...
PETROAN Alleges Local Refineries Import Substandard Crude Oil
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) says some local refineries are importing substandard crude into Nigeria to cut costs.
Speaking with our correspondent on Thursday, PETROAN National Publicity Secretary...
N2.4trn Recapitalisation Fund Raised by Banks Through Capital Market - SEC DG
Nigerian banks have so far raised N2.4 trillion through the capital market in the ongoing recapitalisation of the banking sector directed by the Central Bank of Nigeria (CBN)....
Forex Stability Boosts Manufacturers' Confidence - MAN
Manufacturers are optimistic about the stability of the sector following a challenging period of unsold inventory and economic uncertainty, according to the Chairman of the Manufacturers Association of Nigeria (MAN) Ogun State Chapter,...
