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CBN Postpones MPC Meeting for Second Consecutive Month
Nigeria CBN Postpones MPC Meeting for Second Consecutive Month
Nigeria News
2 min read
The Central Bank of Nigeria (CBN) has once again deferred the meeting of its Monetary Policy Committee (MPC), despite the country grappling with a...
Naira Plunges to N1,105 Against Dollar
Nigeria Naira Plunges to N1,105 Against Dollar
Nigeria News
1 min read
The Naira experienced a staggering fall, reaching a historic low of N1,105 against the US Dollar at the Nigerian Autonomous Foreign Exchange...
Economic Strain Deepens as Nigeria's Inflation Skyrockets to 27.33%, Prompting Concerns for Citizens
Nigeria Economic Strain Deepens as Nigeria's Inflation Skyrockets to 27.33%, Prompting Concerns for Citizens
Nigeria News
2 min read
Nigeria's inflation has surged to 27.33% in October 2023, a notable uptick from the previous month's 26.72%, according to the National Bureau of...
CBN: Old Naira Notes Stay Legal Tender, Easing Cash Woes for Nigerians
Nigeria CBN: Old Naira Notes Stay Legal Tender, Easing Cash Woes for Nigerians
Nigeria News
2 min read
Central Bank of Nigeria (CBN) has declared that the old naira notes, initially slated for discontinuation, will now remain legal tender...
Nationwide Naira Crunch: Banks Enforce Withdrawal Limits, ATMs Grind to a Halt, Igniting Economic Fears
Nigeria Nationwide Naira Crunch: Banks Enforce Withdrawal Limits, ATMs Grind to a Halt, Igniting Economic Fears
Nigeria News
2 min read
Nigeria is grappling with a deepening crisis of Naira scarcity as major banks enforce limitations on cash withdrawals and ATMs face depletion...
Naira Strengthens by 21.73%, Hits N780/$ in a Week
Nigeria Naira Strengthens by 21.73%, Hits N780/$ in a Week
Nigeria News
1 min read
Nigerian Naira showcased a notable recovery, closing at N780.14 per dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday...
KPMG Nigeria forecasts a 30% surge in inflation by December 2023
Nigeria KPMG Nigeria forecasts a 30% surge in inflation by December 2023
Nigeria News
1 min read
KPMG Nigeria's latest economic forecast signals a concerning trend as it predicts the persisting inflationary pressure in the country, with...
Dangote Refinery Granted License to Process 300,000+ Barrels of Nigerian Crude Daily
Nigeria Dangote Refinery Granted License to Process 300,000+ Barrels of Nigerian Crude Daily
Nigeria News
1 min read
Aliko Dangote has revealed that the Dangote Refinery has successfully obtained a license to refine over 300,000 barrels of Nigerian crude per day...
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