Rahma Oladosu

Nigeria Spends Over $500m On Dairy Imports Annually, Says Obaseki

Nigeria Spends Over $500m On Dairy Imports Annually, Says Obaseki   The Edo State Governor, Mr. Godwin Obaseki, has said the nation spends about $500m annually on dairy product imports. As a result, he said the country needed to refocus on agriculture...

External Reserves Shed $438m As Naira Appreciates To N663.04/$

External Reserves Shed $438m As Naira Appreciates To N663.04/$   The external reserves fell by $438 million in the first two weeks of June to $34.66 billion, maintaining the downward trend from last month. Data from the Central Bank of Nigeria, CBN,...

South African Rupert Displaces Dangote As Africa’s Richest

South African Rupert Displaces Dangote As Africa’s Richest   President Dangote Group, Aliko Dangote, has been overtaken as African richest man after his net worth dropped by 20.7 per cent. It was amid the naira devaluation implemented by the Central Bank of...

FG Secures $750m World Bank Loan For Power Projects

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

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

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...
spot_img

latest articles