Naira falls to new intraday low on official market
Naira dipped to its lowest official mark ever on Tuesday, briefly touching 1,248 against the dollar before clawing back some ground to close at...
Cash from abroad slows: Nigeria’s remittance growth hits 3-year low
Growth in remittance flows to Nigeria, a crucial lifeline for millions, stumbled in 2023, reaching its weakest pace in three years, according to the...
Nigeria’s revenue to GDP too low, IMF warns
The International Monetary Fund (IMF) expressed concern about Nigeria's low revenue-to-GDP ratio, urging the government to prioritize raising revenue to address high inflation and...
Tinubu proposes N4.6 trillion deficit reduction in 2024 budget
President Bola Tinubu plans to reduce federal budget deficit in 2024, aiming to bring it down from 6.1% of gross domestic product (GDP) this...
Central Bank of Nigeria postpones interest rate meeting again
The Central Bank of Nigeria has again postponed a meeting of its monetary policy committee. It is the second time since Olayemi Cardoso was...