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CBN spent $8bn to Defend Naira against Dollar at FX Market – Rewane

The Chief Executive Officer of Financial Derivatives, Bismark Rewane, has revealed that the Nigerian government, through the Central Bank of Nigeria (CBN).

Naira Strengthens Further, Now N1,490/$ on Parallel, N1,502/$ on Official FX Markets

Naira Strengthens Further, Now N1,490/$ on Parallel, N1,502/$ on Official FX Markets   The naira has strengthened consistently over the past three weeks, reflecting improved stability and confidence in Nigeria's foreign exchange market. Precisely, on the parallel market, some FX dealers in Lagos traded the naira at...

Livestock Ministry Unveils Plan to Boost GDP to $74bn by 2035

Livestock Ministry Unveils Plan to Boost GDP to $74bn by 2035   The Federal Ministry of Livestock Development has set an ambitious target to significantly boost the livestock sector's economic contribution, aiming to increase its Gross Domestic Product (GDP) from $32 billion to $74 billion by...

‘Oil Revenue Key to Nigeria’s Economic Diversification’

'Oil Revenue Key to Nigeria's Economic Diversification'   Mr. Tony Elumelu, Chairman of Heirs Holdings, emphasized the crucial role of oil revenue in driving Nigeria's economic growth and diversification, underscoring the need for increased oil production to support the country's development efforts. Speaking on Thursday in Abuja at...

Professor Isa Pantami Foundation Sponsors JAMB Registration for 1,000 Students

Professor Isa Pantami Foundation Sponsors JAMB Registration for 1,000 Students The Professor Isa Pantami Foundation has taken a significant step toward advancing educational equity by sponsoring the Joint Admissions and Matriculation Board (JAMB) registration fees for 1,000 underprivileged students across Gombe State and four neighboring...

Global Tensions, Tariffs May Impact Nigeria’s Economic Outlook – Cardoso

Global Tensions, Tariffs May Impact Nigeria's Economic Outlook - Cardoso   The Central Bank of Nigeria (CBN) has expressed concerns about the impact of global economic risks on Nigeria's economy. Speaking after the bank's 299th Monetary Policy Committee (MPC) meeting in Abuja on Thursday, the CBN Governor,...