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Rising interest rates cause inflation, and this is basically an economic phenomenon. But what does it mean for the economy? Inflationary pressures are likely...
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Rising interest rates cause inflation, and this is basically an economic phenomenon. But what does it mean for the economy? Inflationary pressures are likely...
According to Aminu Gwadabe, President of the Association of Bureau De Change Operators of Nigeria (ABCON), the Central Bank of Nigeria’s (CBN) foreign exchange...
source Nigeria’s money supply has reached N49.3 trillion, its highest level in history, but the Central Bank of Nigeria has not raised interest rates...
source As the IMF and World Bank met in Washington, D.C., the Commonwealth’s finance ministers met simultaneously. The Commonwealth Finance Ministers Meeting (CFMM) 2022...
In June 2022, Nigeria’s total public debt was N42.84 trillion.
The government’s budget deficit is expected to exceed N12.42 trillion.
This follows the expiration of the tenure of the pioneer MD, Mr. Uche Orji,
The committee also raised the Cash Reserve Ratio (CRR) to 32.5 percent.
Statutory revenues amounted to N654.36 billion.
