Contact Information
Nigeria’s Inflation Rate Drops By 0.05 Percent
Nigeria’s headline inflation has dropped for the first time in 20 consecutive months, recording 18.12 per cent decrease in April year-on-year from 18.17 per cent
CBN Debunks Obaseki’s Claim On Ailing Economy
The Central Bank of Nigeria and the Federal Ministry of Finance, Budget and National Planning have denied knowledge of the claim that Nigeria printed N50-N60
CBN To Freeze Account Of 194 BDC Operators
The Central Bank of Nigeria (CBN) is set to freeze 194 bank accounts owned by Bureaux de Change firms and other organisations so as to
IMF To Support Nigeria, Other Low-Income Countries On Poverty Reduction
The International Monetary and Financial Committee, the policy advisory committee of the Board of Governors of the International Monetary Fund, has said it will introduce
Seplat Set To Issue $650 Million Corporate Bond
Seplat Petroleum Development Company Plc is floating a $650 million bond that is due in 2026. The amount is the largest ever bond to be
CBN New Policy Proposes N5 Rebate For Every Dollar Remitted
The Central Bank of Nigeria has introduced a rebate of N5 for every $1 of fund remitted to Nigeria, through International Money Transfer Organisations in
CBN Backs Govt. Decision To Sell National Assets
The Central Bank of Nigeria (CBN) has thrown its weight behind the federal government’s decision to sell its least valued assets and use funds from
Osinbajo Calls For Regulation Of Cryptocurrencies As Against Outright Ban
Vice President Yemi Osinbajo has frowned at the recent ban on cryptocurrency transactions while calling for the regulation of digital currencies as against outright prohibition.
IMF Backs CBN On Cryptocurrency Ban
The International Monetary Fund (IMF) has backed the recent directive of the Central Bank of Nigeria (CBN) to financial institutions to ban transactions with cryptocurrency.
Food Prices Soar As Nigeria’s Inflation Rate Hit 16.47%
Nigeria’s inflation rate has to 16.47% (year-on-year) in January 2021 as against 15.75% recorded in December 2020. This was contained in the latest report released
