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Nigeria’s Fiscal Deficit Exceeds Budget Targets, Reaches 7.6% Of GDP
Nigeria's fiscal deficit has significantly exceeded projections, reaching 7.6% of GDP as of August 2024, far above the ...
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CBN Raises Over N2.07 Trillion through Treasury And OMO Bill Auctions
The Central Bank of Nigeria (CBN) has generated more than N2.07 trillion from the financial markets through sales of Treasury ...
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Rising Inflation Rate Expected Due To Currency Instability And High Food Prices
Nigeria’s inflation rate is projected to continue its upward trend, driven by rising logistics costs and exchange rate ...
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Money Market Rates Surge Amid Liquidity Shortfall In Banking Sector
Money market rates surged last week due to a liquidity deficit in the banking sector. The market began on a strong note but ...
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NLC Issues December 1 Ultimatum For Minimum Wage Implementation
The Nigeria Labour Congress (NLC) has issued a December 1, 2024, deadline for all state governments to implement the newly ...
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Bitcoin Approaches $80,000 As Crypto Market Gains Momentum
Bitcoin (BTC) neared the $80,000 mark today amid increasing buying interest across the cryptocurrency market. Ethereum (ETH), ...
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CBN Spends $383 Million To Support Naira, 30% Drop From September FX Sales
CBN’s Move: The Central Bank of Nigeria (CBN) reduced its foreign exchange support to the naira by approximately 30% in October 2024, selling fewer U.S. dollars to authorized dealer banks. This marks ...