New data has shown that the United States of America has slashed its imports from Nigeria, plunging by 41% in one month, as tensions escalate over tariffs.
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Naira surges on CBN’s $29m intervention, analysts predict break below N1,500
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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Finally, Dangote free fuel distribution begins, new petrol prices emerge
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How the National Single Window transforms Nigerian commerce
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US govt protests import bans on 25 products by Nigerian govt, shares lists
Economy Latest News
Supreme Court nullifies CBN's cash withdrawal limit, calls it illegal
The Supreme Court declared the withdrawal limit set by the Central Bank of Nigeria illegal, saying that it violates the rights of Nigerians, but CBN has refused
Cash withdrawal limit not part of Supreme Court ruling, CBN may continue policy
The Central Bank of Nigeria may continue with its cash withdrawal limit introduced on January 9, 2023, despite a judgment of the Supreme Court on March 3, 2023.
Nigerian passport application gets more expensive as FG approves additional fees for NIN verification
The Federal Government of Nigeria has approved the introduction of three categories of fees for National Identity Numbers verification for passport application.
CBN debunks Soludo statement, says it has not issued directive to banks on old naira notes
CBN has denied reports that it has directed commercial banks to reissue the old N500 and N1000 notes to the public, a statement credited to Chukwuma Soludo
Naira scarcity has cost Nigerian economy N20 trillion as CBN mops uP 70% of cash from circulation
The Nigerian economy has lost about N20 trillion, and 70% cash since the beginning of the current cash crisis in the country, according to Muda Yusuf of CPPE.
It's a malicious report: CBN denies Emefiele is plotting against President-Elecl, Tinubu
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has denied funding the Labour Party candidate in Lagos, plotting against President-elect, Tinubu
Seplat’s British CEO, Roger Brown Steps down, Hands over to Nigerian after FG revokes visa, work permit
Seplat Energy now has a new CEO because Roger Brown is facing a court case over allegations of racism, and his visa and work permit revoked by the government.
Ekiti State threatens to arrest traders, others rejecting old naira notes
The Ekiti State governor is threatening those rejecting the old naira notes in the state with arrest and prosecution, saying that rejecting them is punishable.
Nigeria missing as Egypt, Ghana, Morocco, 7 other countries are named as Africa's most powerful countries
A newly released report has excluded Nigeria from the list of Africa's 10 most powerful countries. Countries like Ghana, Egypt, Seychelles, and Tunisia made it
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