CBN absorbs N2.5tn in a heavily oversubscribed OMO auction as investors chase high yields, while tight liquidity sends naira to N1,331 per dollar.
Economy
Most viewed
Popular
-
CBN changes dollar exchange rate as naira weakens, new USD prices emerge
-
Tinubu announces 31% to 81% fare cuts across 7 states, FCT
-
British pound falls against naira, dollar edges up, new rates emerge
-
OpenAI releases Sora AI video generator to public
-
Nigeria’s most expensive neighbourhoods: See how much It costs to own a home there
Economy Latest News
Rubber tappers forge sustainable future in Amazon
As the sun rises over the Amazonian island of Marajo, Renato Cordeiro laces up his boots, grabs his knife, and heads out to tap his rubber trees. - 'Family heritage' - "I started tapping trees at age seven with my mother, deep in the forest," said Cordeiro, holding his knife, which has a protruding metal piece for making precise cuts in the bark.
Political chess or true beliefs? Zuckerberg's surprise Trump pivot
The clean cut hair has grown, his college kid's hoodie is now a gold chain, and his politics have swerved hard right. And it also might reflect a position that is closer to his political instincts.
Price of Nigeria’s crude oil grades rises in international market
The federal government is looking forward to earning more revenue, and the year has started positively as the prices of three Nigerian crude oil grades have risen.
Several US Fed officials concerned over 'stalled' disinflation: minutes
Several senior US Federal Reserve officials raised concerns in December that the fight against inflation may have "stalled" in recent months, according to minutes of the meeting published Wednesday.
Private sector loans rose to N76 trillion in 2024, up by 27% from 2023
A new report has shown increased borrowings in 2024. Private sector loans grew by 27%, while loans to the government grew by 54% in the same period.
Nigeria’s debt profile to hit N187 trillion as World Bank disburses $2.5 billion
A new report has revealed that Nigeria's debt will rise astronomically to N187.8 trillion in 2025 caused by new government borrowings amid new loans.
UK music sales hit record year, helped by Swift: industry
UK music sales reached a record high in 2024 thanks to massive streaming and increased vinyl purchases of hits by top artists, notably Taylor Swift, an industry body revealed Wednesday.
Spanish PM says Musk 'stirs up hatred', warns against fascism
Spanish Prime Minister Pedro Sanchez warned Wednesday that fascism could return as X owner Elon Musk, an ally of US President-elect Donald Trump, "openly attacks our institutions" and "stirs up hatred".
US private sector hiring undershoots expectations: ADP
The US private sector added fewer jobs than anticipated in December, payroll firm ADP said Wednesday, with hiring and wage increases both cooling. According to ADP, wage gains slowed in December, with those staying in their jobs seeing pay growth ease to 4.6 percent.
Economy
Load more