Aggressive Interest Rate Cut Will Further Impede Economic Growth, Says CBN Deputy Gov The Central Bank of Nigeria (CBN) Deputy Governor, Financial System Stability Directorate, Philip Ikeazor, has said given the poor contribution to growth and vulnerability to rate hikes of the oil and manufacturing...

FG Begins 15-day Emergency Fuel Supply to Curb Scarcity  The Federal Government says it has begun a 15-day emergency fuel supply to ensure the commodity circulates across the length and breadth of the country. As fuel scarcity continues to bite harder in different locations, FG also...

Dollar Demand for Education, Health in Nigeria Hits $1.8bn in Nine Months  The Central Bank of Nigeria dollar supply for foreign educational and health-related expenses rose by 49.22 percent to $1.81 billion in the nine months spanning January to September 2023. According to CBN data, Nigeria’s...

Cardoso’s Cards, Naira’s Gain, Enemies’ Pain, by Abdulrahman Abdulraheem   In Williams Shakespeare’s iconic piece, “All is Well that Ends Well,” Helena was intensely in love with the Prince, Betram, who had no iota of feelings for her due to her poor and inferior background. She...

FX Records Zero Gap as Dollar Sells for N1,615 The foreign exchange (FX) recorded zero (N0.01) gap between the official and parallel market as the dollar was quoted at N1,615 across markets on Wednesday. Data released by the FMDQ Securities Exchange showed that the dollar was...

FX Records Zero Gap as Dollar Sells for N1,615 The foreign exchange (FX) recorded zero (N0.01) gap between the official and parallel market as the dollar was quoted at N1,615 across markets on Wednesday. Data released by the FMDQ Securities Exchange showed that the dollar was...