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Nigeria’s Money Supply Grows 62.8% Year-on-Year Amid Tightening Measures

Web AdminOctober 31, 2024October 31, 2024

vNigeria’s money supply (M3) surged by 62.8% year-on-year in September 2024, reaching N108.95 trillion, despite the Central Bank's (CBN) Monetary Policy Committee (MPC) tightening measures aimed at controlling inflation and...

Economy

Business Confidence in Nigeria Plummets Amid Naira Devaluation and Fuel Subsidy Removal, Reports Standard Bank

Web AdminOctober 30, 2024October 30, 2024

Business confidence in Nigeria has sharply declined due to the recent devaluation of the naira and the removal of fuel subsidies, according to the latest report from Standard Bank’s Africa...

Business News Economy

Naira Declines Amid Market Forces as CBN Adjusts Strategy

Web AdminOctober 28, 2024October 28, 2024

October 28, 2024 — The Nigerian naira continues to face downward pressure against the US dollar, trading at N1,654.09 per dollar in the official foreign currency market as of Wednesday....

Business News Economy

Northern Nigeria’s Rice Mills Face Shutdowns Amid Rising Costs and Lack of Support

Web AdminOctober 28, 2024October 28, 2024

Rice mills in Northern Nigeria are shutting down as escalating production costs and the cessation of intervention financing over the past 18 months strain operations. Between 2015 and 2020, a...

Economy

Category: Economy

Nigeria’s Money Supply Grows 62.8% Year-on-Year Amid Tightening Measures

Business Confidence in Nigeria Plummets Amid Naira Devaluation and Fuel Subsidy Removal, Reports Standard Bank

Naira Declines Amid Market Forces as CBN Adjusts Strategy

Northern Nigeria’s Rice Mills Face Shutdowns Amid Rising Costs and Lack of Support

Obasanjo Reflects on Nigeria’s Economic Transformation and Current Challenges

Fidelity Bank Celebrates Customers, Disburses ₦30m in Cash Prizes

₦30m Donation Rejected by Pastor Enenche During Church Service Visit

US Authorities Recover $225 Million in Major Cryptocurrency Scam Bust

Financial Experts Raise Alarm Over CBN’s 50% CRR and Banking Sector Liquidity

House Probes Oil Companies Over Unremitted $457m, Recovers N86m

Sokoto Trains Officials to Boost Fiscal Transparency, Accountability

NELFUND Automates Loan Application Process to Boost Accessibility and Efficiency

Lawmakers Launch Investigation into Alleged Misuse of N1.12 Trillion Anchor Borrowers’ Programme Funds

Nigeria’s Crude Imports Hit N1.2 Trillion Amid Declining Domestic Production

Nigerian National Nabbed in India with N214 Million Worth of Narcotics

CBN’s Dividend Suspension Sparks Sell-Off in Banking Stocks, Raises Recapitalisation Concerns

Non-Performing Loans Surge Past $3.5bn Across Six Nigerian Banks – Report