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Category: Economy
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…
NAFDAC alerts on fake Dano Milk in markets
The National Agency for Food and Drug Administration and Control (NAFDAC) issued a warning to the public on Wednesday about the sale of counterfeit Arla…
Naira Undervalued, Inflation To Drop To 21.4% In 2024 – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has declared that the Nigerian naira is undervalued, promising to expedite the discovery of…
Inflation to fall in 2024 — Cardoso
The Central Bank of Nigeria’s governor expects headline inflation to fall to 21.4 per cent in 2024. The apex bank’s governor disclosed this during his…
FG seeks $1.5bn loans to shore up naira, boost budget
Nigeria is seeking $1.5bn aid from the World Bank to tackle the severe dollar shortage contributing to the decline of the naira. “We’re hoping to…
FG to address rising food prices
The Minister of Trade, Industry and Investments, Doris Nkiruka Uzoka-Anite has expressed serious concerns over the hike in prices of food commodities in the country…
Agric allocation in 2024 budget inadequate, says NGF
The Senior Agricultural Advisor to the Nigeria Governors’ Forum, Prof. Abba Gambo, has expressed concern over the inadequate budget allocation for the Federal Ministry of…
Don’t make unfair profit because of economic situation, Tinubu urges Nigerians
President Bola Tinubu has urged Nigerians not to exploit the country’s current economic situation for abnormal profit. The PUNCH reports that the National Bureau of…
Nigerians Uninterested In Budgetary Arithmetic If Bread, Rice Prices Don’t Decrease — Rewane
Renowned economist, Bismarck Rewane, says Nigerians are not interested in budgetary figures if the prices of basic commodities like rice, bread, and garri don’t go…