Crude oil swap may have kept forex low, says Chidoka
Osita Chidoka, a former minister of aviation in Nigeria, claimed that the crude oil swap may have helped the naira gain strength against the dollar during the country’s current foreign…
Osita Chidoka, a former minister of aviation in Nigeria, claimed that the crude oil swap may have helped the naira gain strength against the dollar during the country’s current foreign…
Amid shortage of foreign exchange, Nigeria’s inflation rate rose to 24.08% in July 2023, the highest in years. The July 2023 rate showed an increase of 1.29% points when compared…
According to Adetokunbo Pearse, a member of the People Democratic Party (PDP), Nigerians have a right to know the precise landing cost of Premium Motor Spirit (PMS). On Monday, Dr.…
World Bank President Ajaypal Singh Banga will begin a three-day visit to Nigeria on Thursday during which he will meet with President Bola Tinubu and Vice-President Kashim Shettima, the international…
President Bola Tinubu on Friday said the Federal Government will support global tech giant, Google Incorporated, to create one million digital jobs for Nigerians. Tinubu stated this while receiving Google…
With more than $500 million raised from domestic resources, multilateral development banks, and international financial institutions, the Federal Government will transform Nigeria’s food system and agro value chain. On the…
The old N200, N500, and N1,000 notes are being phased out “slowly,” according to the Central Bank of Nigeria (CBN), in favor of newly designed notes. Following the Monetary Policy…
The Monetary Policy Rate (MPR), which is used by the Central Bank of Nigeria (CBN) to measure interest rates, has been increased from 18.5 percent to 18.75%. Acting CBN Governor,…
Global stock markets wavered on Friday, a day after shares in major US tech firms took a beating and as investors brace for a week of interest rate decisions. Following…
The price of Premium Motor Spirit (PMS) popularly known as petrol has risen amid the continued decline of the naira and growing inflation in the country. Nigerians woke up on…