Business

Nigeria’s currency in circulation hits N3.87tn Q1 as money outside bank surges

By the conclusion of the first quarter of 2024, money outside the banking system had expanded to the tune of…

5 months ago

CBN governor, Cardoso reveals why there’s hyper food inflation

According to Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), one factor driving the nation's skyrocketing food…

5 months ago

NDIC tells depositors what next to do amidst fraud

Depositors are urged by the Nigeria Deposit Insurance Corporation (NDIC) to only use deposit banking institutions that hold a licence…

5 months ago

Nigerian banks close 2 million accounts over BVN, NIN, others

In the first quarter of 2024, or Q1’24, at least 2 million bank accounts were closed by Nigerian commercial banks.…

5 months ago

Naira gains against dollar at official forex market

At the official foreign exchange market this week, the naira saw its first increase versus the US dollar.  According to…

5 months ago

Illicit FX transaction: Opay breaks silence over CBN restriction

Following the latest limitation by the Central Bank of Nigeria, Opay, a financial technology bank in Nigeria, announced that it…

5 months ago

Naira loses N79 to dollar

At the official foreign exchange market, the value of the naira decreased by N79.88 relative to the US dollar.  The…

5 months ago

Why rice price is decreasing in Nigeria – Millers

According to the Association of Rice Millers, the countrywide drop in rice prices is caused by the reopening of the…

5 months ago

Details of meeting between Elon Musk, Chinese Premier, Li Qiang emerge

Elon Musk, the CEO of Tesla, was informed by Chinese Premier Li Qiang that foreign-funded businesses are welcome to enter…

5 months ago

What we must do before talking about economic growth – CBN

According to the Central Bank of Nigeria, every effort is being made to combat rising inflation in the country. This…

5 months ago