Business
NESG Outlines Economic Reforms to Boost Nigeria’s Growth in 2025
NESG projects Nigeria’s economy to grow by 5.5% in 2025 with sustained reforms. Key focus: curbing inflation, stabilizing FX rates
25 January 2025
Tag: CBN
Business
Nigeria’s Foreign Exchange Reserves Drop by $832.62 Million in Two Weeks
Nigeria’s foreign exchange reserves fell by $832.62 million between January 6 and January 21, 2025, highlighting growing macroeconomic challenges
24 January 2025
Business
CBN Urges Nigerian Businesses to Leverage Weak Naira
CBN calls on business-minded Nigerians to take advantage of the export potentials unlocked by the weakened naira.
23 January 2025
Business
CBN Fines Banks ₦150 Million Each Over Cash Shortages
Central Bank of Nigeria (CBN) has fined nine banks ₦150 million each for failing to ensure seamless Naira availability via ATMs during the festive season
15 January 2025
Business
CBN Halts Extension of Export Earnings Repatriation
Central Bank of Nigeria (CBN) tightens forex management, mandating 90- and 180-day deadlines for export earnings repatriation without extensions.
10 January 2025
Breaking News
Nigeria’s Inflation Rate Projected to Fall to 27.1% by December 2025
Nigeria’s inflation rate is forecast to decline to 27.1% by December 2025, signaling positive impacts of reforms. Economic growth is projected at 3.5%
10 January 2025
Business
2025 Budget Will Deliver Sufficient Economic Stimulus – CEO FirstBank
FirstBank Group CEO, Olusegun Alebiosu expresses confidence that the 2025 budget will offer stimulation to the Nigerian economy
9 January 2025
Business
Why 1000 CBN Staff Left – CBN Governor
CBN Governor issues clarifications to House of Representatives’ committee regarding 1000 CBN staff disengaged from service in 2024
4 January 2025
Business
Nigeria’s Diaspora Remittances Increases By 61% in One Year
Technical advancements and a weakened Naira boost Nigeria’s diaspora remittances, improving living standards for many low- and middle-income.
19 December 2024
Business
CBN Slams Restriction On PoS Transactions
The CBN introduces new regulations limiting PoS transaction volumes to curb economic sabotage and promote a cashless economy.
18 December 2024
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