Nigeria’s fiscal struggles deepened in January 2025 as the Federal Government’s debt servicing costs surpassed its retained revenue by a wide margin, according to the Central Bank of Nigeria’s (CBN) ...
As of March 2025, Nigeria's currency in circulation (CIC) declined to ₦5 trillion, marking the third consecutive monthly decrease, according to the Central Bank of Nigeria (CBN). This represents a ...
According to the most recent data from the Central Bank of Nigeria (CBN), the Federal Government has spent a total of $15.55 billion on debt servicing between 2019 and 2024. ...
The demand for foreign exchange by individuals and companies seeking to do importation and other forex-related activities fell 42 per cent year-on-year, latest data from the Central Bank of Nigeria have ...
Yesterday, the Central Bank of Nigeria (CBN) increased its benchmark interest rate, known as the Monetary Policy Rate (MPR), by 400 basis points, raising it from 18.75 percent to 22.75 ...
The economy remained subdued in December as the Purchasing Manager’s Index was below 50.0 index points, according to the Central Bank of Nigeria. The CBN released in the reports of ...
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