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.
Economy
Most viewed
Popular
-
FG to train 100,000 construction workers, provide job opportunities nationwide for artisans
-
Inflation rate drops in August as report shows relief for Nigerians
-
Trump concerned S. Korean arrests could 'frighten' investors
-
Naira surges on CBN’s $29m intervention, analysts predict break below N1,500
-
FG orders immediate release of ₦250bn loan to farmers, targets food security
Economy Latest News
Atedo Peterside, ex-Stanbic IBTC boss, says the naira redesign Became currency seizure
Atedo Peterside has taken sides with the Supreme Court and said CBN passed its boundaries with the naira redesign policy and confiscated old currency notes.
Emefiele, experts speak as Nigeria’s foreign reserves drop by $317m in February
The Central Bank of Nigeria has reported that Nigeria's foreign reserves have dropped in the month of February 2023, to continue the trend from January 2023.
Banks give N947 billion loan to customers amid cash crunch
Nigerian banks have granted customers almost N1 trn in loans in the last four months, according to a CBN staff member and the bank's Monetary Policy Committee.
CBN mute, bank officials speak as Supreme Court reverses Validity of old naira notes
Some bank officials have said they would wait for the decision of the Central Bank of Nigeria before implementing the Supreme Court directive on old naira notes
FG says almost 2 million Nigerians Get N5,000 monthly as poverty alleviation
The Nigerian government stated that about 1.9 million eligible Nigerians are getting N5,000 monthly as poverty alleviation under the conditional cash transfer
Banks continue to accept old N500, N1000 notes as the CBN portal for old notes return remains open
An investigation has shown that some commercial banks accept old naira notes, mainly via the CBN portal directing people to go to their banks for deposits.
Naira redesign policy: Nigerians add N1.67 trillion to demand deposit in 3 months
The Central Bank of Nigeria (CBN) has said about N1.67 trillion was returned to the banks and placed in demand deposits by Nigerians in the last three months.
CBN replies Falana on new naira notes, promises to provide information on allocation to banks
The Central Bank of Nigeria has promised to make available information regarding its issuance of the new N200, N500 and N1000 naira notes to banks in Nigeria.
IMF raises concerns about CBN’s loans to farmers, as many refuse to repay
The International Monetary Fund (IMF) has pointed out challenges facing the Anchor Borrowers’ Programme (ABP) by the Central Bank of Nigeria introduced in 2016.
Economy
Load more