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Naira closes 1,596/$ as forex inflows hit $25bn
The Central Bank of Nigeria has revealed that the net foreign exchange flows into the country increased to $25.4bn in...
FG Moves To Revive Cotton/Textile Industry
Federal Government has collaborated with the International Cotton Advisory Committee (ICAC) to revive the moribund cotton/textile industry. Disclosing this in...
Global stock markets plunge on US recession fears
Report states that Wall Street stocks deepened their losses on Monday and Tokyo had its worst day in 13 years...
Food Importation Gulps $689.88 million in Q1 2024
The import of food products gulped about $689.88 million in the first quarter of 2024, which is about 17% of...
Foreign investors moving in according Cardoso
Central Bank of Nigeria Governor, Olayemi Cardoso, yesterday disclosed that foreign investors are already moving funds into the country to...
Hundreds Of Dollars Laundered Out Of Nigeria Every Hour
International Police Organisation’s investigation has shown that every hour, hundreds of thousands of dollars are being laundered out of Nigeria...
CBN classifies inactive 10-year accounts as dormant
The Central Bank of Nigeria (CBN) has clarified that only accounts inactive for over 10 years are classified as dormant...
FG To Further Strengthen 50-Year-Old Business Ties With China
Federal Government has promised to further strengthen the 50-year old business relations between Nigeria and China. A statement by Special...
CBN sells one-year Treasury Bills at 22.1% in July auction
The Central Bank of Nigeria (CBN) has sold one-year Treasury Bills (T-Bills) at a stop rate of 22.1% during its...
Senate passes Finance Act amendment bill
The Nigerian senate yesterday passed the amendment bill of the 2023 Finance Act and increased the windfall levy on banks’...
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