Economy
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Economy
CBN bows to pressure, raises cash limits to N500,000; N5m
The Central Bank of Nigeria has finally bowed to pressure to revise the bank’s cash withdrawal limits policy. In a…
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Economy
Buhari seeks fresh N819bn loan as domestic debts hit N22.57tn
Nigeria’s domestic debt rose to N22.57tn as the Federal Government on Wednesday proposed a last-minute supplementary budget for the 2022…
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Economy
Banks run out of new naira notes, as demand soars
Mixed reactions greeted the disbursement of the new naira notes that officially went into circulation on Thursday with many bank…
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Economy
Debt servicing to gulp 123% of 2023 revenue
The World Bank has projected that debt servicing will gulp 123.4 per cent of the Federal Government’s revenue in 2023.…
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Economy
Nigeria spent $9.6bn to service foreign debts in 12 years says World Bank
The World Bank, in its International Debt Report, IDR, disclosed that Nigeria spent $9.6 billion to service foreign debts in…
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Economy
Muslim Group Wants Arabic On New Naira Notes
The Muslim Rights Concerns (MURIC) has demanded that the Central Bank of Nigeria (CBN) includes Arabic in new Naira notes…
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Economy
Why I approved redesign of Naira notes locally – Buhari
President Muhammadu Buhari has inaugurated the new Naira banknotes, expressing delight that the redesigned currencies were locally produced by the…
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Economy
N206bn Budget Padding: Humanitarian minister blames Finance minister
The Minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiya Farouq, has blamed the Minister of Finance, Zainab Ahmed,…
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Economy
More Governors on Watch List over Money Laundering, says EFCC Chairman
The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, on Thursday in Abuja updated President Muhammadu Buhari…
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Economy
Reps summons finance, aviation ministers, others to meeting over foreign flight withdrawal
To resolve the crisis in the aviation sector and halt the withdrawal of foreign flight especially by Emirate airlines, the…
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