JUST IN: FG Increases Exchange Rate for Cargo Clearance to N1356 Per Dollar
The Nigerian government through the Central Bank of Nigeria (CBN) has raised the exchange rate for cargo clearance from N952/$ to N1.356 per dollar.
This adjustment follows recent increases in the exchange rate...
AMPCON Chairman Decries Oil & Gas Saboteurs
Mogaji Wole Arisekola, the National Chairman of the Association of Online Media Practitioners in Nigeria, (AMPCON), has spoken out against the activities of all economic saboteurs planning to hinder progress in reform being implemented by President Bola Tinubu’s...
Cedrus Group: CBN Reforms Will Yield Results In Q2
On Thursday, the Chief Executive Officer of Cedrus Group Africa, Olubusayo Adeniyi, stated that the reforms and policies of the Central Bank of Nigeria (CBN) will start yielding results from the second quarter of 2024.
Speaking at...
Rising Inflation Poses Risk To New Minimum Wage
President Bola Tinubu has set up a committee to decide on the new minimum wage for Nigerian civil servants, however, concerns have been raised regarding the country’s rising inflation which is currently at 28.92%.
Economists believe the implementation...
CBN Reveals Currency Outside Banks Hit Historic High of N3.4trn
A report by the Central Bank of Nigeria (CBN) has revealed that currency outside banks at at December 2023 reached a staggering N3.43 trillion, representing a whopping 94 per cent of the N3.65 trillion total...
IMF Foresees Weaker Economic Growth For Nigeria
The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth projections for 2024 to 3.0 per cent from 3.1 per cent in its October forecast.
It disclosed this in its ‘World Economic Outlook Update, January 2024.’ In a table,...
