Category: Economy
Minimum wage: Nigerian govt can pay N500,000 with active production economy – Moghalu
A former deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu, has said the Nigerian Government can pay N500,000 as minimum wage if…
CBN Concludes Sale Of N1trn Govt Securities, Says Investors Oversubscribed
The Central Bank of Nigeria (CBN) said it has concluded a sale of government securities, issuing N1.053 Trillion (US$680 million) in short-term instruments as part…
CBN Gov Cardoso’s Full Speech At His First MPC Meeting
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says himself and his team are not responsible for the current economic woes in…
FEC Approves the implementation of Oronsaye Report to Merge Agencies
In a bid to further cut the cost of governance, President Bola Tinubu has directed the full implementation of the Oronsaye report. The development was…
JUST IN: FG plans audit of N23trn Ways and Means debt– Edun
The Federal Government has revealed its intent to audit the N23 trillion Ways and Means debt. The Minister of Finance and Coordinating Minister for the…
Nigeria’s Headline Inflation Reaches 29.90% Amid Rising Cost Of Living
The country’s headline inflation moved to 29.90% percent in January 2024, according to the latest data released by the National Bureau of Statistics (NBS). NBS…
Tinubu Meets With Governors Over Economic Hardship, Security
President Bola Tinubu is in a meeting with governors of the federation at the Council Chambers of the State House, Abuja. The meeting, which commenced…
Nigeria’s Inflation Rate Will Drop To 21% In 2024, Says Cardoso
Amid the rising prices of foodstuff and other commodities in the market, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has assured…
CBN orders banks to sell excess dollars in 24 hours
•Banks may sell over $5bn, says official, Cardoso faces Senate Tuesday over naira fall Amid its fresh moves to stabilise the nation’s volatile exchange rate,…
1,500 redeployed CBN staff resume at Lagos office
At least 1,500 members of staff of the Central Bank of Nigeria will on Friday resume at its Lagos office following their redeployment from the…