World Bank Loans to Nigeria Hit $9.65bn Between 2023 and 2025
World Bank loans to Nigeria between 2023 and 2025 are projected to reach $9.65bn by the end of 2025, driven ...
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Tag: #NigeriaEconomy
Senate Demands Explanation from CBN Over Alleged N1.44 Trillion Unremitted Surplus
The Senate on Thursday demanded a detailed explanation from the Central Bank of Nigeria (CBN) over the alleged non-remittance of ...
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CBN Injects $536.6m into FX Market in November as Naira Closes at N1,447.95/$1
The Central Bank of Nigeria (CBN) injected an estimated $536.6 million into the foreign exchange (FX) market in November in ...
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Nigeria Losing Billions to Failed Projects, CIPMN Warns as Enforcement Begins
The Chartered Institute of Project Managers of Nigeria (CIPMN) has warned of the growing financial threat posed by failed and ...
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CBN Holds Benchmark Rate at 27% as MPC Signals Cautious Easing Path
Nigeria’s monetary authorities opted for stability at the November meeting as the Monetary Policy Committee (MPC) of the Central Bank ...
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Manufacturers Demand Lower Interest Rates as CBN Retains MPR at 27%
The Manufacturers Association of Nigeria (MAN) has urged the Central Bank of Nigeria to further cut interest rates, warning that ...
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CBN Retains MPR at 27% as 16 Banks Meet New Capital Requirements
The Central Bank of Nigeria (CBN) yesterday voted to retain the Monetary Policy Rate (MPR) at 27%, emphasizing the need ...
Read moreCBN Holds Benchmark Interest Rate at 27% Amid Economic Uncertainty
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has decided to maintain the benchmark interest rate at 27 ...
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States Owe N1.06tn to Contractors and Retirees Despite Record 2024 Revenues
States across Nigeria owe a combined N1.06tn in outstanding obligations to contractors and retirees despite receiving record revenue inflows in ...
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FIRS Denies Monopoly Claims in Revenue Collection, Confirms Multi-Channel Payment Structure
The Federal Inland Revenue Service (FIRS) has clarified the role of Xpress Payments in its national revenue collection framework, dismissing ...
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