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Total reserves at end-May covered 7.8 months' merchandise import cover on the basis of the balance of payments (BoP) for 2o20.
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In a recent announcement, Nigeria’s electricity sector has seen a significant change with the deregulation of meter prices. This change is expected to affect...
In a significant move towards enhancing educational opportunities and addressing poverty alleviation in Nigeria, President Tinubu recently signed the Tinubu Student Loan Act into...
In the dynamic world of economics, few issues garner as much attention and debate as exchange rates. Recently, a discussion unfolded between two experts,...
Wema Bank: From Humble Beginnings to Major Player On May 2, 2024, Wema Bank, one of Nigeria’s oldest banks, turned 79 years old. It’s...
Inflation in Nigeria has soared again, reaching 33.20% in March 2024. This is a jump from 31.70% in February, marking a significant rise in...
Total reserves at end-May covered 7.8 months' merchandise import cover on the basis of the balance of payments (BoP) for 2o20.
Commercial banks have consistently recorded net borrowings from the CBN since April this year.
Amb. Samson Itegboje, Co-Chair of the Nigeria-Netherlands Bilateral Working Group, said that Nigeria was Netherlands’ largest trading partner in Africa.
In January, the Bretton Wood institution had projected a 1.1 percent growth rate for the country in 2021.
The statistics showed that Globacom was the top loser among the telcos with 2.31 million subscribers.
Forex allocation will also cater for SMEs transactions or for the repatriation of foreign direct investment (FDI) proceeds.
The World Bank recently said businesses in Nigeria lose about $29 billion annually because of unreliable electricity.
OPMAN National President said about N4.5 billion worth of onions and properties were destroyed by suspected hoodlums across southern states in the last few...
Nigeria recorded its highest quarterly import in over 12 years, pushing the country’s trade deficit to its highest ever.
A single-day total internet outage would cost the country N48.596 billion in economic value.