FG Secures $750m World Bank Loan For Power Projects   The World Bank Group has approved a loan of $750m to boost Nigeria’s power sector. The loan with project ID P174622 was approved on June 9, 2023, making it the first World...

Inflation Rate Rose 67 Times Under Emefiele   Nigeria’s inflation rate rose not less than 67 times since June 2014. Analysis of the Inflation Rate data provided by the Central Bank of Nigeria also showed that the consumer price index was...

CBN Approves eNaira As Payment Option For Diaspora Remittance   The Central Bank of Nigeria (CBN) has announced the introduction of its digital currency known as the eNaira as a payment option to recipients of diaspora remittance. The apex bank said the...

Private Pilgrims: NAHCON to Intervene in Arik Air Standoff   The National Hajj Commission of Nigeria (NAHCON) has expressed concern over the inability of Arik Air to airlift pilgrims to the Holy Land as one of the Private Tour Operators. Arik Air...

Pantami: A Minister's Glorious Exit and his Detractors' Anguish, by Abbas Abdulazeez   While he held sway as the Minister of Communications and Digital Economy, between 2019 and 2023, Prof. Ibrahim Isa Ali Pantami was the target of all forms of...

10 Major Implications Of Naira Exchange Rates Unification, by Taiwo Oyedele   With the Nigerian Naira now exchanging in the official forex market at market determined rates, a significant market distortion has been removed. Expectedly this will come with both positive...