The Nigerian currency, the naira, gained about N37 in the last 10 days, making dollar hoarding risky, as the Central Bank of Nigeria (CBN) continues to intervene.
Economy
Most viewed
Popular
-
Do you need a tax ID to open a bank account in Nigeria? Here’s the truth
-
Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
-
Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
-
Naira hits highest level in months at N1,497 per dollar, black market rates appreciate
-
New exchange rate: CBN crashes dollar as naira appreciates to N1,506 in official window
Economy Latest News
Staff loans grow by 11.8% as CBN slashes FG loans by over N4 trillion
CBN has been engaged in aggressive loan recoveries, collecting over N4 trillion from the government in 2024, but internally, the staff loans are increasing.
After being dumped by FG, Remita eyes expansion into other African countries
The federal government announced in March that Remita would no longer be used for the collection of government revenue, and the end date is weeks away.
Perrier scandal bubbles up as French parliament slams cover-up
The French government "at the highest level" covered up a scandal over the treatment of mineral water by food giant Nestle, including the iconic Perrier brand, an investigation by France's upper house of parliament said Monday.
CBN recovers N253 billion from beneficiaries of FG intervention loan programmes, Details emerge
This list details the outstanding unpaid amounts from the different federal government intervention loans and how much the CBN was able to recover.
FG clears 2 million households for N75,000 cash transfer
The Nigerian government has announced that it has cleared about 2.3 million households for the Conditional Cash Transfer Scheme under the National Social Safety Net
Guinness maker Diageo cuts costs, eyes US tariff hit
Diageo, the maker of Guinness stout and Smirnoff vodka, said Monday it would cut costs to reduce debt, as the British group anticipates a hit from US tariffs of $150 million.
French state covered up Nestle water scandal: Senate report
The French government "at the highest level" covered up a scandal over the treatment of mineral water by food giant Nestle, including the iconic Perrier brand, a Senate investigation said Monday. - 'Highest level of the state' - In late 2020, new management at Nestle Waters claims to have discovered the use of prohibited treatments for mineral water at its Perrier, Hepar and Contrex sites.
Trump tariffs force EU to cut 2025 eurozone growth forecast
The EU on Monday sharply cut its eurozone economic growth forecast for 2025 because of global trade tensions sparked by US President Donald Trump's sweeping tariffs. Beyond trade tensions, the EU warned the greater frequency of climate-related disasters such as forest fires and floods risked hurting economic growth.
China's Xiaomi to invest nearly $7 bn in chips
Chinese tech giant Xiaomi will invest 50 billion yuan ($6.9 billion) in developing high-end smartphone chips, the firm's founder said on Monday. In pursuit of Xiaomi's semiconductor ambitions, the firm has developed a plan involving "at least 10 years of investment and at least 50 billion yuan", he added.
Economy
Load more