BUSINESS UPDATES ‘Depositors’ Fund Well-Secured’, Microfinance Banks React To CBN’s Revocation Emma Ihedirionye Amid the revocation of the operating licence of some microfinance banks by the Central Bank…
BUSINESS UPDATES CBN Increases Interest Rate To 18.5% Emma Ihedirionye The Central Bank of Nigeria (CBN) has raised interest rate from 18 percent to 18.5…
BUSINESS UPDATES CBN Revokes 132 Microfinance Banks’ Licences Emma Ihedirionye The Central Bank of Nigeria (CBN) has revoked the operating licences of 132 microfinance banks,…
BUSINESS UPDATES Nigeria’s Inflation Rate Rises To 22.22% Emma Ihedirionye The Nigerian Bureau of Statistics has revealed that the country’s inflation rate for the month…
BUSINESS UPDATES No Plan To Phase Out Redesigned Naira Notes — CBN John Madaki The Central Bank of Nigeria (CBN) has dismissed reports that it is considering the withdrawal…
BUSINESS UPDATES Cash Crunch Crippled Nigeria’s Economy, Says UN Emma Ihedirionye The United Nations (UN) says the recent cash crunch in Nigeria affected the country’s economy….
BUSINESS UPDATES Nigeria Spent 96.3% Of 2022 Revenue To Service Debt – World Bank Emma Ihedirionye The World Bank has said Nigeria has spent 96.3% of its revenue in 2022 on…
BUSINESS UPDATES Nigeria’s Inflation Rate Hits 22.04% For March 2023 Emma Ihedirionye Nigeria’s inflation rate rose to 22.04% in March 2023 compared to February 2023 headline inflation…
BUSINESS UPDATES Nigeria’s GDP To Grow By 3.2% In 2023 – IMF Ifeanyi Jessy Njoku The International Monetary Fund (IMF) has retained its growth forecast of 3.2 percent for Nigeria’s…
BUSINESS UPDATES Oil Prices Surge On Shock Output Cuts Emma Ihedirionye World oil prices soared Monday after several top producers led by Saudi Arabia sprang surprise…
