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Stanbic, Zenith, UBA, First banks count losses after robbers raid branches in Benue
No fewer than eight people were killed after armed robbers invaded banks in Otukpo, Benue State. In the Friday robbery, there ...Naira depreciates to N1,175/$ in parallel market
The naira yesterday depreciated to N1,175 per dollar in the parallel market from N1,100 per dollar on Wednesday. However, the ...Naira hits new low, 1060/$ as MAN kicks at policy reversal
The crises festering in Nigeria’s currency exchange market doubled down yesterday with the local currency depreciating further across all segments ...Tinubu unveils conditional cash transfer for 15 million households
President Bola Tinubu has unveiled the Renewed Hope Conditional Cash Transfer for 15 million households. The launch was held at ...South Africa may overtake Nigeria as Africa’s biggest economy – IMF
The International Monetary Fund has disclosed in its forecast that South Africa may topple Nigeria as Africa’s biggest economy. According ...Electricity Subsidy Gulped N135bn In 3 Months – FG
The Federal Government’s contribution to plug in the revenue generation shortfall in the power sector in the second quarter of ...Subsidy removal, naira fall push food inflation to 30.64%
Subsidy removal and naira devaluation pushed food inflation to 30.64 per cent in September, worsening inflationary pressures in the country. ...FG plans N26.01 2024 Budget, 61.6 per cent on debt servicing, personnel
The Federal Government is planning to spend N26.01 trillion in 2024. This is based on oil price benchmark of $73.96 ...Naira redesign: CBN collected N3.2trn, printed only N402bn, says Falana
Human rights lawyer and Senior Advocate of Nigeria, Femi Falana, has revealed that the Central Bank of Nigeria, CBN, only ...Nigeria inflation climbs to 26.72% – NBS
Nigeria’s inflation rate has climbed to 26.72 per cent, marking a 0.92 per cent increase from the previous month’s 25.80 ...
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