Staff Severance, Other Expenses Gulp N306bn - CBN
The Central Bank of Nigeria has revealed that it spent N306.63bn to offset staff expenses and the emoluments of former employees it asked to take an early exit option from the bank in 2024.
This amount represents an...
CBN’s 2024 Financial Statements as Indicators of Economic Recovery, by Rahma Olamide Oladosu
In a nation where financial anxieties have become a daily soundtrack for citizens and policymakers alike, the recently released 2024 financial statements of Nigeria have provided an unexpected but welcome note of optimism....
Naira Falls Slightly to ₦1,610/$ in Parallel Market
The naira depreciated slightly against the US dollar, losing ₦1.02 on a day-to-day basis to trade at ₦1,610 on Tuesday, compared to ₦1,606 on Monday.
According to Aboki Forex data as of May 7, the naira was trading...
The Federal Government has directed the Economic Management Team (EMT) to chart a fresh path for Nigeria’s economic future, targeting a medium-term growth rate of seven per cent.
CBN Rakes in N804bn Through Open Market Auction
The Central Bank of Nigeria (CBN) has raised a total of N804.85bn at its Open Market Operations auction conducted on Monday, April 29, 2025, as investors continued to chase high-yield securities amid excess liquidity and elevated inflation...
