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Economy

CBN debunks cash scarcity reports, assures adequate currency availability

The Central Bank of Nigeria has denied claims of cash scarcity at banks, automated teller machines, Points of Sale, and Bureaux de Change in...
Economy

Morgan downgrades Nigeria’s market rating as investors panic over foreign exchange crisis

Morgan Stanley Capital International (MSCI) Inc, a leading provider of critical decision support tools and services for the global investment community has downgraded Nigeria’s...
Agric

NEPC urges cashew, rice exporters to adopt good agricultural practices to avoid rejection in the international market

The Executive Director and Chief Executive Officer Nigerian Export Promotion Council (NEPC) Nonye Ayeni, has urged cashew and rice exporters to adopt good agricultural...
Economy

Presidency blames civil servants, says Navy not Tinubu requested N5bn yacht

In the wake of the public outcry over the N5 billion budget provision for a presidential yacht in the 2023 supplementary budget, the Presidency...
Economy

Naira gains N55 against dollar as CBN settles part of FX forwards of banks

The naira has gained N55 against the United States dollars at the black market controlled by Bureau de Change dealers. The currency opened N1,220 per...
Economy

Senate passes N2.1tr supplementary budget

The Senate on Thursday considered and approved the N2.1 trillion supplementary budget for the 2023 fiscal year as requested by the executive. President Bola Tinubu...
Economy

“I didn’t ask for N5 billion presidential yacht” – Tinubu

President Bola Ahmed Tinubu has said that he did not request for the N5 billion presidenial yacht proposed by the Nigerian Navy. Tinubu stated this...
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