Nigeria lost N4.2 trillion due to the 2022 floods which ravaged various parts of the country. The flood in various parts of Nigeria led to an estimated economic loss of
Category: ECONOMY
Marketers Advocate For Friendly Subsidy Regime – Says Nigerians May Buy Fuel For N800/litre
As the push for total deregulation of the downstream oil sector grows, Nigerians have been warned that if fuel subsidies are removed, they may have to pay
Experts divided over interest rate hike ahead of MPC meeting Featured
Ahead of the two-day Monetary Policy Committee meeting of the Central Bank of Nigeria commencing on Monday, financial experts have expressed uncertainties over possible interest
New Naira Notes: CBN Imposes One Million Fine On Banks Ahead Of Deadline
The Central Bank of Nigeria (CBN) has imposed a N1 million penalty on commercial banks that refuse to select new naira notes to disburse to their customers before the January 31st deadline
ATMs: CBN to sanction banks dispensing old notes
The Director of the Legal Services Department of the Central Bank of Nigeria, Mr. Kofo Salam-Alada, has said the agency will go tough on banks
Subsidy: FG borrowing to import fuel – minister
The Federal Government has said it sometimes borrows funds to buy petrol as the country continues to incur rising fuel subsidy bills. The government also confirmed that there was a
CBN, FAAC clash over probe of federation revenue accounts
All is not well between the Federation Account Allocation Committee (FAAC) and the Central Bank of Nigeria (CBN) over issues bordering on the nation’s finances. The FAAC said the apex
FG, States, LGs share N990.2bn for December Featured
The Federation Account Allocation Committee (FAAC) has shared N990.189 billion to the three tiers of government for December 2022. Phil Abiamuwe-Mowete, Director (Information/Press), Ministry of Finance, Budget and
Governors meet Emefiele on naira redesign, cash withdrawal limit
The Nigeria Governors’ Forum (NGF) has scheduled a meeting for Thursday with the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele on naira redesign and cash withdrawal limit.
Non-oil exports revenue up by 40% in 2022 — NEPC
The Nigerian Export Promotion Council (NEPC) has disclosed that Nigeria recorded non-oil export earnings of $4.82 billion in 2022. This was made known by Ezra
