Naira Slides Further As Dollar Shortage Hits Banks   The widening gap between the demand and supply of dollars in the banks and at the parallel market has continued to worsen the value of the naira. In less than three weeks, the naira lost N100 after sliding...

CBN Staff Loans Increase By 113%, Now N40bn The Central Bank of Nigeria (CBN) has said that it issued N40.67bn loans to members of its staff as of December 2022. This was according to the apex bank’s audited financial statement for 2022. Economic Confidential observed that there...

NIPR Election: 18 Fellows, 8 Members others Clear to battle for Governing Council, Presidency As the battle for who controls the leadership of the Nigerian Institute of Public Relations, NIPR, getting ‘hotter’, the 2023 Electoral Committee has cleared 29 candidates vying for the seat of...

FHA, NUGA Commence Construction of 7,000 Housing Units in Abuja The Federal Housing Authority (FHA) has commenced the construction of a 7000 housing unit estate in Abuja as part of efforts to address the country's housing deficit. The Managing Director/Chief Executive Officer of FHA, Senator Gbenga...

We'll Deliver on Tinubu's Mandate on Affordable Housing - FHA Boss, Ashafa The Federal Housing Authority (FHA) has said it would address the country's housing deficit to fulfil President Bola Ahmed Tinubu's vision to deliver affordable housing to poor Nigerians. The Managing Director and Chief Executive Officer...

I&E Window: Forex Inflow Rises 23% to $1.41bn in One Month - CBN Foreign exchange (Forex) inflows through the investors and exporters (I&E) window rose month-on-month by 23 percent to $1.41 billion in June from $1.14 billion in May 2023. The Central Bank of Nigeria, CBN,...