The Central Bank of Nigeria (CBN) has announced a sweeping revision of its cash policies, removing limits on deposits and significantly increasing the amount customers […]
Tag: Nigeria Economy
CBN Scraps Deposit Limits, Raises Weekly Cash Withdrawal Cap to N500,000
In a significant policy shift, the Central Bank of Nigeria (CBN) has removed all limits on cash deposits and raised the weekly cash withdrawal threshold […]
Nigeria’s Wealth Lies In Its People, Not Oil — Shettima
ABUJA – Vice President Kashim Shettima has declared that Nigeria’s true wealth lies in its human capital rather than petroleum resources, emphasizing the nation’s commitment […]
Nigeria’s External Reserves Rise To $46 Billion, Highest In 7 Years
ABUJA – Nigeria’s external reserves have climbed to $46 billion, reaching their highest level in seven years in a significant boost for the nation’s economic […]
CBN Rate Hikes Boost Fixed Income Market In 2024 — AIHN Report
LAGOS – The Association of Issuing Houses of Nigeria (AIHN) has reported that the Central Bank of Nigeria’s aggressive interest rate hikes significantly boosted investor […]
Naira Holds Steady Against Dollar in Official and Parallel Markets
LAGOS – The Nigerian Naira maintained a relatively stable position against the US Dollar on Thursday, November 6, 2025, trading within a narrow band across […]
New 15% Fuel Duty Sparks Debate Over Prices and Local Refining
A new 15% import duty on petrol and diesel, approved by President Bola Tinubu, has drawn mixed reactions from stakeholders. The policy aims to protect […]
Cooking Gas Price Defies Marketers, Sells at N1,200 per kg in Lagos
LAGOS – The retail price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has remained stubbornly high, selling between N1,200 and N1,400 per […]
Nigeria’s Halal Economy Plan Sparks National Debate Over Unity and Prosperity
A proposed national halal economy initiative has placed Nigeria at a critical crossroads, igniting a fierce debate that pits economic opportunity against religious unity and […]
World Bank, BoI Launch New Finance Plan to Boost Nigerian Economy
The World Bank and the Bank of Industry (BoI) have announced a new framework for development finance aimed at accelerating Nigeria’s economic growth. The plan […]