Nigerians spent $609.5m on foreign education between January and August 2022 – CBN
Nigerians spent $609.5m on foreign education between January and August 2022. The figure is contained in the data obtained from…
CBN lends N9.3tn to businesses, slows down intervention
The Central Bank of Nigeria has lent N9.3tn to businesses, recovering N3.7tn from it. The apex bank said N5tn was…
Reason for Nigeria’s foreign exchange crises – CBN
The Governor of the Central Bank of Nigeria(CBN), Mr. Godwin Emefiele, has blamed the low revenue inflow from oil sales…
Banks suspend international transactions on naira debit cards
Nigerians will not be able to use their Naira debit cards for international transactions as scarcity of foreign exchange (forex)worsens…
JUST IN: Nigeria’s inflation at an all time high, hits 20.52% in August
Nigeria‘s headline inflation climbed to a new high of 20.52 per cent in August, the National Bureau of Statistics posted…
PENGASSAN threatens to shut down operation for 30days; Nigeria risks losing N1.37tn
Protesting members of the Petroleum and Natural Gas Senior Staff Association of Nigeria on Thursday threatened to shut down oil…
Oil production falls below 1mb/d, Nigeria losses $2.7bn
Nigeria’s oil production crashed below the one million barrels per day mark in August costing the country about $2.658 billion,…
Crude Oil price falls below $90 per barrel; signals danger for nation’s economy
Nigeria’s oil revenue recorded further shock with Brent Crude, the international benchmark, falling below $90 per barrel for the first…
FX: Naira falls heavily against US dollar, as report ranks it 11th worst in the world
Nigeria’s currency, Naira, continued its depreciation against the US dollar, and it is now officially at its lowest level on…
Nigeria’s Total Debt Profile Now N41.60trn- DMO
The Director-General of the Debt Management Office (DMO), Mrs. Patience Oniha yesterday confirmed that Nigeria’s total debt profile as at…
Nigeria’s debt to reach N50 trillion as FG proposes N11.3 trillion budget shortfall in 2023
The Federal Government on Monday said Nigeria would likely borrow to finance another budget deficit of N11.3 trillion in 2023,…
CBN releases $265m to foreign airlines
Soothing news came the way of foreign airlines on Friday, as the Central Bank of Nigeria (CBN) says it has…
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Fubara-Wike Feud: Gov says ‘My enemies now sleep with their eyes open’
The Rivers State Governor, Sir Siminalayi Fubara, has stated that his administration has defeated those who came all out to…
Gov. Mbah: Reviewing One Year of Effective Governance – By Anayo Edeh
On May 29th, it will be exactly one year since Dr. Peter Mbah was sworn in as Enugu State Governor….
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