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The Poultry Association of Nigeria, Lagos State, and other stakeholders in the sector have lamented the incessant hike in the…
FULL LIST: NGX suspends eight companies from trading in shares
The Nigerian Exchange Limited (NGX) has suspended trading in the shares of eight companies due to their failure to file…
Nigeria’s external reserves surge to $34.66 billion, highest level in 13 months
Nigeria’s external reserves have increased yet again, this time by $1.88 billion to $34.66 billion as of July 4, 2024,…
Dangote Faults CBN’s 26% Interest Rate
Chairman and Chief Executive of the Dangote Group, Aliko Dangote, has criticised the latest increment of interest rate to almost…
NEC approves six Governors as board members for Niger Delta Power Holding Company
The National Economic Council (NEC) has confirmed the appointment of six state governors to the Board of the Niger Delta…
Nigeria’s GDP declines to 2.98% in Q1 2024 – NBS
Nigeria’s Gross Domestic Product (GDP) growth declined to 2.98%, lower than the rate recorded in the fourth quarter of 2023…
CBN hikes interest rate by 150 basis points to 26.25%
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has increased the benchmark interest rate by 150 basis points…
CBN reduces banks’ LDR to 50%
The Central Bank of Nigeria has announced a review of the loan-to-deposit ratio (LDR) for banks, from 65 percent to…
Nigeria’s FX reserve dips by $1.02 billion in 18 days on CBN’s naira defence
Nigeria’s foreign exchange (FX) reserve has experienced a sharp decline of about $1.02 billion within 18 days, as the Central…
CBN sells dollars to BDCs at N1,251/$1
The Central Bank of Nigeria on Monday disclosed that it sold $10,000 to each Bureau De Change operators at a…