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Day: July 26, 2023

CBN Focuses on Efficient Market Amidst Exchange Rate Volatility
Business News

CBN Focuses on Efficient Market Amidst Exchange Rate Volatility

Web AdminJuly 26, 2023July 26, 2023
During a press briefing after the Monetary Policy Committee meeting, Acting CBN Governor Fola Shonubi stated on Tuesday that the current volatility in Nigeria's exchange rates is driven by supply-demand...
Naira Records Mixed Outcomes: Investors’ Window Slips, Black Market Sees Hikes
Business News

Naira Records Mixed Outcomes: Investors’ Window Slips, Black Market Sees Hikes

Web AdminJuly 26, 2023July 26, 2023
In the Investors' and Exporters' window, the dollar rate against the naira saw a slight depreciation, settling at N791.42/$1 compared to N792.04/$1 on Monday. During trading, the naira-dollar rate reached...
CBN’s First MPC Decision Under Tinubu Administration: Interest Rate Hiked
Business News

CBN’s First MPC Decision Under Tinubu Administration: Interest Rate Hiked

Web AdminJuly 26, 2023July 26, 2023
The Central Bank of Nigeria (CBN) made its first monetary policy decision under the Bola Tinubu administration on Tuesday, July 24. The apex bank raised its benchmark interest rate, known...
Lamido of Adamawa Commends NCC’s Consumer Protection Initiatives
Business News

Lamido of Adamawa Commends NCC’s Consumer Protection Initiatives

Web AdminJuly 26, 2023July 26, 2023
Dr. Muhammadu Mustapha, the Lamido of Adamawa, has praised the Nigerian Communications Commission (NCC) for its various telecom consumer protection efforts, including the recent Village Square Dialogue (VSD) held in...

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Nigeria Missing 70% of Potential Tax Revenue – Oyedele Warns

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