Report Reveals Kerosene Soared By 136% To N1,105 In December, 2022
The average retail price per litre of household kerosene rose by 136 per cent to N1,105 in December 2022 from N468 in the same period of the previous year, the latest data released by...
DMO Promises Not To Exceed 2023 Borrowings As FG Borrows N2.13trn In Two Months
The Debt Management Office (DMO) has assured that it will not exceed the legally approved new borrowing in the 2023 Appropriation Act.
The DMO was reacting to a report that the Federal...
Naira Redesign: FG may Extend Deadline as Malami, El-Rufai, Other Governors Meet
There are strong indications that the federal government is toying with the idea of extending the deadline for the use of N200, N500 and N1000 notes to bring an end to the cash...
Bauchi, Ondo, Anambra Top States With Highest Inflation Rates
The National Bureau of Statistics (NBS) has said inflation rate was highest in Bauchi State with 24.79 per cent.
According to a document obtained at the weekend, the review of inflation rate between January, last year and...
Naira Crisis Worsens As Currency-in-Circulation Drops To N1.54trn
Amid the worsening naira crisis, the total amount of currency-in-circulation in the Nigerian economy has tumbled from N3.3tn to N1.54tn, a Central Bank of Nigeria document has revealed.
This came as a biting shortage of new naira notes...
JUST IN: CBN Denies Ordering Banks to Collect Old N1000, N500 Notes
By Ozumi Abdul
The Central Bank of Nigeria (CBN) has denied reports making the rounds that it has authorized deposit money banks to collect the old N500 and N1,000 banknotes.
In a statement by Osita...
