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Naira gains 4.55% as a result of CBN clearing the FX backlog
Since the Central Bank of Nigeria (CBN) cleared all foreign currency (FX) backlog, the value of the naira has steadily improved, gaining 4.55 percent...
Businesses invest N8.6 billion on MVNO licences despite uncertain business conditions
43 businesses have invested a total of N8.6 billion to get the licences necessary to offer telecommunications services in Nigeria via the Mobile Virtual...
Naira closes on the official market at N1,560.57/$1
Tuesday's closing rate for the Nigerian Autonomous Foreign Exchange (NAFEM) was N1560.57 to $1, indicating a significant increase.
Compared to Monday's closing rate of N1,597.24/$1,...
Senate passes N1.28 trillion and adds N135 billion to the 2024 FCT budget
The 2024 Federal Capital Territory (FCT) Statutory Budget was passed by the Senate, totaling N1.282 trillion—a sum that was N135 billion higher than what...
Only 7% of N10 Trillion CBN Intervention Loan Reaches MSMEs After a Decade
In just 6.63% of the N10.39 trillion loan that was disbursed to different sectors as intervention programmes, the Central Bank of Nigeria supported Micro,...
