FG Recovers £6.3m, €5.4m, $390m, N1.8bn Looted Assets
The federal government, under the Muhammadu Buhari administration, said that it recovered £ million, € million, and $390 million of its assets stowed by corrupt government officials in foreign nests.…
The National Domestic Card Scheme to become Effective Today
The Central Bank of Nigeria recently announced the launch of the National Domestic Card Scheme (NDCS) which is scheduled to become effective today, 16 January 2023. The NDCS is a…
Rewane Predicts Exchange Rate Adjustment, Naira at N680/$1
The chief executive officer (CEO) of Financial Derivative Company (FDC), Mr Bismarck Rewane, has said that amid an improved economy in 2023, Nigeria will see a positive change in its…
Nigeria’s Foreign Reserves Drop By $3.43bn In 2022
Nigeria's foreign reserves has fell by per cent to $ billion in 2022 according to data from the Central Bank of Nigeria (CBN). The CBN disclosed this in its movement…
Buhari signs N21.83tn 2023 Budget
President Muhammadu Buhari on Tuesday signed the 2023 Budget of along with the 2022 Supplementary Appropriation Bill into law. Buhari signed the 2023 transition budget at the Council Chambers of…
CBN increases interest rate to 16.5% to tame inflation
The Central Bank of Nigeria has raised its benchmark lending rate to per cent in a sustained push to control inflation and ease pressure on the naira. Godwin Emefiele, governor…
Nigeria’s Inflation Hits 20.77 Percent, Highest Since 2005
Nigeria’s inflation rate has surged for the eight consecutive month, hitting a fresh 17-year-high amid rising food and energy costs, and the continued depreciation of the naira. According to data…
Afreximbank launches $6bn development programme to support African countries Nigeria, South Africa to account for 17% and 15%, respectively
Senior Manager in the African Export-Import Bank (Afreximbank) told Daily News Egypt that the bank will launch a development financing programme for the benefit of all African countries by providing…
Osinbajo advocates debt for climate swaps, greater participation in global carbon market for African nations
If and when Nigeria’s idea for a Debt-For-Climate Swap deal, tabled last week in the US at different forums and events including at the White House by Vice President Yemi…
We all need to act fast on economy, ASUU strike, Osinbajo tells visiting APC Governors
Vice President Yemi Osinbajo, SAN, received APC Governors today in his office at the Presidential Villa on a felicitation visit as he recovers from the surgery done last month. While…