Category: Business

The Central Bank of Nigeria (CBN) Governor, Dr Yemi Cardoso, has assured local and foreign investors of a conducive operating environment, saying everything possible would be done to make them comfortable.

The Central Bank of Nigeria has denied rumour making the rounds over new policy actions in the foreign exchange market.

Amid the hardship caused by fuel subsidy removal, the Nigerian Breweries announced that it would hike the price of alcoholic drinks, popularly known as beer.

The Central Bank of Nigeria (CBN) has announced that cash deposits into domiciliary accounts will no longer be restricted, and customers ‘shall have unfettered and unrestricted access to funds in their accounts’.

Nigeria’s April inflation figure increased to 22.22 per cent from 22.04 per cent last month.

The Chinese economy grew by 4.5 percent year-on-year in the first quarter of 2023, indicating that the world’s second-largest economy is now firmly on the path to recovery after the end of Beijing’s strict ‘zero-COVID’ policies.

The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 50 basis points to 18. per cent

Twitter owner Elon Musk has announced the Blue App will share revenues from advertisements that appear in reply threads between it and Twitter account holders.

The Zamfara State branch of the Central Bank of Nigeria, CBN, has said rejecting the old Naira notes before the deadline given by the apex bank is illegal and punishable by law.

The maximum lending rate in the banking sector hit 29.13 per cent, while savings deposit rates stood at 4.13 per cent as of December 2022.