Fuel Subsidy: 500,000 Hectares Farmland To Ensure Food Security - Tinubu President Bola Tinubu on Thursday declared state of emergency on food security as the Federal Government stepped up efforts to tackle food shortage following the removal of fuel subsidy. Tinubu also approved that all matters...

Naira Crisis Worsens As Currency-in-Circulation Drops To N1.54trn   Amid the worsening naira crisis, the total amount of currency-in-circulation in the Nigerian economy has tumbled from N3.3tn to N1.54tn, a Central Bank of Nigeria document has revealed. This came as a biting shortage of new naira notes...

Economy Shrank In May Amid Low Purchasing Power – CBN     The Purchasing Managers Index revealed that the Nigerian economy contracted in May, according to data obtained from the Central Bank of Nigeria on Thursday. The personal statements of some members of the Monetary Policy Committee indicated...

Emefiele Warns Against Harming Environment     The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has stressed the need for Nigerians to protect the ecosystem, warning that henceforth banks will consider sustainable banking principles when lending money to individuals and corporate entities. He disclosed this on...