Why Emefiele had to Go - Tinubu   President Bola Ahmed Tinubu has broken his silence on the suspension of Central Bank of Nigeria (CBN) Governor, Godwin Emefiele. The President spoke on the issue during an interactive session with Nigerians resident in France and neighbouring European countries. Tinubu...

Naira Devaluation Pushes Nigeria’s Export To N42trn   The value of Nigeria’s export may rise to at least N41.99tn per year following the Central Bank of Nigeria float of the naira. The apex bank had last Wednesday directed Deposit Money Banks to remove the rate cap on...

States, FCT External Debt Rise To N3trn The external debt burden of the 36 states and the Federal Capital Territory may rise by as high as over 40 per cent following the recent floating of the naira by the Central Bank of Nigeria. On Tuesday, June...

External Reserves Shed $438m As Naira Appreciates To N663.04/$   The external reserves fell by $438 million in the first two weeks of June to $34.66 billion, maintaining the downward trend from last month. Data from the Central Bank of Nigeria, CBN, showed that the reserves stood...

Inflation Rate Rose 67 Times Under Emefiele   Nigeria’s inflation rate rose not less than 67 times since June 2014. Analysis of the Inflation Rate data provided by the Central Bank of Nigeria also showed that the consumer price index was 8.2 per cent in June...

CBN Approves eNaira As Payment Option For Diaspora Remittance   The Central Bank of Nigeria (CBN) has announced the introduction of its digital currency known as the eNaira as a payment option to recipients of diaspora remittance. The apex bank said the move was in furtherance of...