Nigeria’s Gross Domestic Product, GDP, fell quarter-on-quarter (QoQ) by 1.78 percentage points to 2.25 percent in the third quarter of 2022 (Q3’22) from 3.54 percent recorded in Q2’22. The National Bureau of Statistics, NBS, disclosed this yesterday in its…
THE Central Bank of Nigeria (CBN) has gotten the node of President Muhammadu Buhari to unveil the redesigned high-denomination bank notes, in a frenzied twist to achieve the ambitious of unveiling the new N200, N500, N100 notes. The CBN had…
THE Governor of the Central Bank of Nigeria, Godwin Emefiele, on October 26, 2022, announced that new Naira notes would be introduced to replace the current 200, 500, and 1,000 Naira notes. Emefiele said the redesign will take effect from…
GOVERNOR of the Central Bank of Nigeria (CBN), Godwin Emefiele, says with the introduction of the redesigned Naira notes, no individual or organisatiin will be allowed to withdraw huge cash without being interrogated from relevant anti-corruption agencies. Emefiele stated this…
A World Bank trained policy analyst and former Chief of Staff to Governor Godwin Obaseki of Edo State, Taiwo Akerele has said that most of the development challenges of the country lies with the state governments in Nigeria who he…
THE naira on Monday appreciated against the dollar at the Investors and Exporters window, exchanging at N445.38. The figure represents an appreciation of 0.07 per cent compared with the N445.67 for which the dollar exchanged at the close of business…
The Central Bank of Nigeria has launched a countdown clock on its website for the January 31, 2023 deadline for the N200, N500, and N1,000 notes currently in circulation. The apex bank had announced a Naira redesign policy to produce…
THERE was a drop of about 40 per cent in the number of imported vehicles that came into the country between January and October this year through the Ports & Terminal Multipurpose Limited compared to the figure for the same…
THE naira on Friday appreciated against the dollar at the Investors and Exporters window, exchanging at 445.67. The figure represents an increase of 0.02 per cent compared with N445.75 to the dollar on Thursday. The open indicative rate closed at…
THE Home Finance Department of the Ministry of Finance, Budget and National Planning has requested about $8.93m from the World Bank to procure 21 items, which included office stationery, office furniture, office supplies, office equipment, and vehicles. The requests were…
