CBN blames Nigerians' Import Dependence For Falling Naira The Central Bank of Nigeria (CBN) says that Nigerians’ import dependency is the reason for the continuous fall of Naira. The apex bank urges Nigerians to adopt homemade products in order to boost the economy and stop the...

Airtel Nigeria: Firm Gets Final approval to Operate Agency Banking Airtel Africa Plc says it has received final approval from the Central Bank of Nigeria (CBN) to operate as a super agent. Under the CBN's regulatory framework, super agents are responsible for monitoring and supervising the...

CBN: Nigeria’s Fiscal Deficit Rises To 2.23trn In Q4 2021 The Central Bank of Nigeria (CBN) reports that the Federal Government recorded a fiscal deficit of N2.23 trillion in the fourth quarter of 2021. The apex bank revealed this in its economic report for the fourth...

NBS: Nigeria Earned Over  $195b Exporting Crude Oil The National Bureau of Statistics has reported that Nigeria in 2021 made over N14.4 trillion selling crude to different countries around the world. NBS disclosed this in its latest Foreign trade statistics report. According to the report, crude oil...

E-fraud: A Threat to Youth Digital Inclusion By Kabir Abdulsalam In many developing countries, the youth population is the largest, and most productive. It has the potential to drive financial growth and inclusion. Yet, young people face many barriers that hinder their inclusion in economic activities. Some challenges...

Textile Tops Nigeria’s Import Commodities Despite CBN Ban The new statistics from the National Bureau of Statistics (NBS) has has indicated that textile is currently the highest imported commodity in Nigeria, despite the prevailing forex restriction for import goods by the Central Bank of Nigeria...