Economy

Kaduna, Kogi and Zamfara states have finalised arrangements to initiate contempt proceedings against the Attorney-General of the Federation, Abubakar Malami, SAN, and the Central Bank Governor Godwin Emefiele despite the Monday night…

The Naira exchange rate in the parallel market for Thursday morning, March 16, 2023, as confirmed by Bureau de Change operators in Abuja, is as follows: Date Currency Buying (NGN) Central (NGN) Selling (NGN) 16/03/2023 US Dollar…

Nigeria inflation rate has risen to 21.91% in February represents a 0.09% percentage increase when compared to January, 2023. According to a report published on Wednesday by the National Bureau of Statistics (NBS) entitled "CPI and…

The Ebonyi State government on Wednesday vowed to take decisive actions against any financial institution, transporters and business owners refusing to accept the old N500 and N1000 notes. A statement issued by the Commissioner, Ministry…

Nigeria inflation rate has risen to 21.91%, compared to January 2023 inflation rate which was 21.82%. The percentage represents a 0.09% point increase. This was disclosed in a recent Consumer Price Index report by the National Bureau of…

The Ghana National Petroleum Authority (NPA) says the country has implemented regulatory measures, including the removal of fuel subsidy, to ensure stability across its downstream sector. Chief executive officer (CEO) of NPA, Abdul Hamid…

The Naira exchange rate in the parallel market for Wednesday morning, March 15, 2023, as confirmed by Bureau de Change operators in Abuja, is as follows: Date Currency Buying (NGN) Central (NGN) Selling (NGN) 15/03/2023 US Dollar…

The Naira exchange rate in the parallel market for Monday morning, March 14, 2023, as confirmed by Bureau de Change operators in Abuja, is as follows: Date Currency Buying (NGN) Central (NGN) Selling (NGN) 14/03/2023 US Dollar…

The Central Bank of Nigeria (CBN) says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023. CBN spokesperson, Isa Abdulmumin announced the development in a statement on Monday. The statement reads,“In compliance…

The Presidency Monday evening said the Central Bank of Nigeria had no reason not to comply with the ruling of the Supreme Court on the naira redesign policy. It stated that the President Muhammadu Buhari did not instruct the CBN governor,…