Tag: Nigeria Economy
CBN Keeps Interest Rate at 26.5%. What It Means for Nigerians
For many Nigerians, the Central Bank of Nigeria's latest interest rate decision will be felt far beyond bank boardrooms. It could determine whether a...
How Rising Inflation Is Affecting Families Around the World
For millions of families around the world, the cost of living has become more than just an economic headline. It is a daily reality...
BREAKING: CBN Retains MPR Interest Rate at 26.5%
The Central Bank of Nigeria has retained its benchmark Monetary Policy Rate at 26.5 percent, maintaining its tight monetary policy stance as it...
Fraudsters Steal N134bn From Nigerian Banks, Customers – CBN
Nigeria’s banking sector and its customers lost more than ₦134 billion to fraud between 2020 and 2025, according to figures released by the Central...
Adebayo says Tinubu’s economic gains exist only on paper
LAGOS, Nigeria — Prince Adewole Adebayo, the presidential candidate of the Social Democratic Party (SDP) in next year’s general election, has dismissed claims of...
Tinubu Credits Structural Adjustments With Reviving Economy, Attracting Investment
President Bola Tinubu on Thursday marked his third year in office by assuring Nigerians that the sacrifices endured under his administration’s sweeping economic reforms...
Naira Strengthens to N1,372.31 Against Dollar
The naira continued its upward momentum against the dollar at the official foreign exchange market on Thursday, reflecting cautious optimism in Nigeria’s financial sector.
Data...
Tinubu Courts Global Investors in Paris, Pledges Transparency and Bold Reforms
Nigeria’s President Bola Tinubu chose Paris, Europe’s financial hub, to unveil his reform agenda, telling global investors that Africa’s largest economy is ready to...
Price of 50kg Local Rice Jumps 20.5% to N112,000 — NBS
The National Bureau of Statistics (NBS) says the average price of a 50kg bag of locally produced rice surged by 20.5 percent in March...
Nigeria’s Naira Gains to 1,382 naira per Dollar on Parallel Market”
The appreciation comes amid ongoing efforts by the Central Bank of Nigeria to stabilize the currency through policy adjustments and interventions. Market participants said...
