Finance & Economy
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Cardoso, forex crisis and the limit of armchair criticism,
No pain, no gain. Any analyst with no political bias will find it curious and ironic that the same Nigerians…
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Nigeria’s January 2024 Inflation Blues: Defying Gravity
When Isaac Newton thought of the laws of gravity, he did not have Nigeria’s Inflation rate in mind, he was…
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NACCIMA Writes Finance Minister Wale Edun, Makes 12-Point Demands
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, has written to the Finance Minister and Coordinating…
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Nigeria’s capital importation dips 26.4% to $3.9bn in 2023
Foreign capital inflow into Nigeria dipped by 26.4% to $3.9 billion in 2023, plunging to a 17-year low since 2007…
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CBN forex policies failing to work as exchange rate approaches N1,700/$1
The exchange rate between the naira and the dollar has depreciated to an all-time low, reaching N1,537.96/$1 at the official…
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Nigeria’s inflation hits 29.90% in January 2024
In the latest inflation report released by the National Bureau of Statistics (NBS), Nigeria’s inflation rate for January 2024 has…
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Naira closes above N1500/$1 amid declining forex turnover
The intra-day high reached a peak of N1,582 against the US dollar on Wednesday, accompanied by a notable decline in…
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Cardoso :Battling to Rescue the Soul of Naira
When Oluyemi Cardoso received his mandate to head Nigeria’s Central Bank, he gave himself the task of entrenching macroeconomic stability…
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Bank stocks defy concerns over foreign currency exposures
Many banks’ stocks have not slowed their rally since the Central Bank of Nigeria (CBN) imposed stringent limits on their…
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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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