CBN Data Reveals Sharp Decline in Currency Outside Banks
The Central Bank of Nigeria (CBN) has announced a sharp decline in the amount of currency held outside the banking system in July 2024, raising questions about the effectiveness of…
The Central Bank of Nigeria (CBN) has announced a sharp decline in the amount of currency held outside the banking system in July 2024, raising questions about the effectiveness of…
Finance Minister Wale Edun, has revealed that the country achieved a remarkable $55 billion in non-oil exports last year, a significant milestone that has contributed to a trade surplus. He…
A glimmer of hope has emerged in Nigeria’s economic landscape as the headline inflation rate registered a decline for the first time in two years. According to the latest data…
A perfect storm of rising inflation, declining consumer purchasing power, and stiff competition is battering Nigeria’s Micro, Small, and Medium Enterprises (MSMEs), with a staggering 67 percent reporting declining demand…
The Nigerian economy is grappling with a surge in currency in circulation, which has reached an unprecedented ₦4.05 trillion in June 2024, according to data released by the Central Bank…
In a bid to combat rising inflation and foster a more attractive environment for foreign investors, the Central Bank of Nigeria’s (CBN) announced a 50 basis point hike in the…
Nigeria’s private sector growth has stalled, with business activity grinding to a near halt in June 2024. This worrying trend is revealed in the latest Stanbic IBTC Bank Purchasing Managers’…
Nigeria faces a balancing act in the second half of 2024, with inflation projected to decline slightly while economic growth remains tepid, according to a new report by PwC. The…
Nigeria faces a persistent battle against inflation, and the Central Bank Governor, Olayemi Cardoso, is advocating for a continuation of the current high interest rate policy. This decision, outlined in…
Nigeria’s fight against rising inflation and economic woes has prompted the government to request an extension on a World Bank loan aimed at bolstering its social safety net programs. The…