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Finance & Economy
FG, States, and LGAs share N2.517 trillion FAAC exchange rate gain in 2023
The Federal government, 36 states, and all LGAs across the country shared around N2.517 trillion as FAAC exchange rate gain…
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Finance & Economy
Nigerian Treasury Bills rate jumps to 19% per annum as CBN targets exchange rate stability
The 364-day treasury bills stop rates spiked to 19% per annum, the first clear signal that the central bank was…
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Finance & Economy
Cardoso’s FX reforms deliver record $844m single-day trade
Turnover in Nigeria’s foreign exchange market jumped to $844 million on February 3, the highest level of trades since June…
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Finance & Economy
CBN Governor Hints on FG’s Anticipation of a 3.76% Real GDP Growth in 2024
Being a Speech Presented by Mr. Olayemi Michael Cardoso Governor, Central Bank of Nigeria to the House of Reps held…
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Finance & Economy
Interest rates to rise as CBN sell record N1 trillion in Wednesday’s Treasury Bill auction
Recent developments suggest a potential rise in Nigeria’s interest rates for the upcoming treasury bills auction, indicating the Central Bank…
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Finance & Economy
Cardoso says CBN reforms yielding positive results, FX transaction volume hit $800 million
The Governor of the Central Bank of Nigeria (CBN) has stated that recent reforms of the apex bank are beginning…
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News
EFCC Arrests Pastor for N1.3billion Fake Grants, Money Laundering
Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested the General Overseer of Faith On The Rock Ministry…
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News
BREAKING: EFCC freezes N3b traced to former Aviation Minister, Hadi Sirika’s brother’s account.
According to the Nation, EFCC quizzed and arrested Abubakar Ahmad Sirika, brother of immediate-past Minister Hadi Sirika over an alleged…
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Leaders
$2.45m Debt: Wind Up Dangote Farms, British Company Prays Nigerian Court
For failing to pay $431,233.41 arbitration ruling from June 22, 1998 with interest at the rate of 2% per annum…
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Finance & Economy
CBN uncovered $2.4b invalid FX claims, says Cardoso
The Central Bank of Nigeria (CBN) said it has uncovered a sum of $2.4 billion out of the previously reported…
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