Nigeria annual inflation jump biggest in 7 years after subsidy removal
Nigeria’s inflation rose to its highest level in at least 18 years in July, two months after the government scrapped fuel subsidy.
Inflation is the...
Petrol going to N720 a litre as naira suffers, marketers say
The retail price of petrol in Nigeria is bound to rise to between N680 and N720 a litre in the coming weeks if the...
CBN finally admits breaking law with N23 trillion loan to Buhari govt
The Central Bank of Nigeria (CBN) has admitted for the first time it broke the law by advancing N23.2 trillion to the Buhari government,...
Nigeria dollar bonds fall after CBN report reveals Goldman Sach, JP Morgan loans
The Central Bank of Nigeria released its financial report on Friday for the first time in seven years, revealing it took hefty loans from...
Naira could take 18 months to stabilize after reforms, IMF says
Stabilizing Nigeria's economy and the naira exchange rate could take up to 18 months after recent reforms, the International Monetary Fund says, warning that...