Nigeria’s finance minister confirms another naira devaluation
The Federal Government of Nigeria has adopted a new flexible exchange-rate policy for official transactions in a move that effectively
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Economics
CBN MPC: Analysts see no scope for monetary policy easing
As the Monetary Policy Committee of the Central Bank of Nigeria begins its two-day meeting today, analysts at Capital Economics
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Wema Bank appoints new executive director
The Board of Directors of Wema Bank Plc had announced the appointment of Mr Chukwuemeka Obiagwu as an executive director
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Nigeria’s stagflation caused by poor policy choices: Capital Economics
Nigeria is stuck in stagflation, occasioned by poor policy choices, a London-based economic research company, Capital Economics, has said. Stagflation is
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Nigeria’s forex reserves may fall to $33bn – Rewane’s FDC
Nigeria’s foreign exchange reserves may fall to $33 billion in the coming month despite higher crude oil prices, Financial Derivatives
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CBN may not increase interest rates amid rising inflation: Capital Economics
Concerns about a weak economic recovery may keep the Central Bank of Nigeria from increasing interest rates amid rising inflation,
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Nigeria’s inflation jumps to 17.33%, highest in four years
The inflation rate in Nigeria surged to 17.33 percent in February, its highest level in four years, official figures showed
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Nigeria borrowed N5.52tn in 2020, debt now N32.92tn: DMO
Nigeria’s total public debt rose by N5.52 trillion last year amid the COVID-19 pandemic, official figures have shown. The country’s
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Nigeria’s unemployment rate rises to 33.3%
The unemployment rate in Nigeria, Africa’s biggest economy, rose to 33.3 percent in the fourth quarter of 2020 from 27.1
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Manufacturers qualified to benefit from ‘CBN Naira4Dollar’ scheme – MAN
Manufacturers in Nigeria are more than qualified to benefit from the ‘Naira 4 Dollar Scheme’ introduced by the Central Bank
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