The Federal Government of Nigeria has disclosed its intention to provide food to its citizens in the upcoming year. The FG revealed that it is aiming to produce about 31…
According to information released by the Central Bank of Nigeria (CBN), 31 banks have received tranche payments from the CBN to settle outstanding foreign exchange forward obligations. In order to…
The naira, Nigeria’s currency, depreciated against the US dollar on Wednesday at the foreign exchange market. Official data from FMDQ showed that the country’s currency depreciated to N840.53 against the dollar…
According to the Central Bank of Nigeria's (CBN) Economic Report for the Second Quarter of 2023, Nigerians have borrowed over N290 billion from banks in the last three months. Consumer…
Nigeria will receive $618 million from the African Development Bank (AfDB) as part of the Investment in Digital and Creative Enterprise (i-DICE) program. In an interview with the News Agency…
The vice president asserts that Tinubu has far more forward-thinking ideas than currency speculators. Vice President, Kashim Shettima has assured that the new monetary policies rolled out by his…
From N5.56 trillion in January 2023 to N6.98 trillion in June 2023, the manufacturing sector's debt to Nigerian banks increased. The Sectoral Analysis of Deposit Money Banks' Credit from the…
In a major move, the Nigerian National Petroleum Company Limited (NNPC) will start supplying six million barrels of crude oil to Dangote Refinery and Petrochemicals Limited in December of this…
The coffee industry in Nigeria is expected to generate $2 billion in revenue over the next two to three years, according to industry stakeholders. According to information gleaned from the…
The request for a $3.45 billion loan from the World Bank to pay for five items was approved by the Federal Executive Council on Monday. They consist of initiatives for…