Naira pressure traced to banks’ borrowing from CBN for FX
Banks have been borrowing from the Central Bank of Nigeria (CBN) to purchase foreign exchange (FX), a practice that has...
- Saturday, July 04, 2026
BusinessDay
Banks have been borrowing from the Central Bank of Nigeria (CBN) to purchase foreign exchange (FX), a practice that has...
…Targets $150m central food hub to reduce waste by 50% …seeks $26m to establish advanced cancer, diagnostic institute The Lagos...
The windfall levy on Nigerian banks’ foreign exchange revaluation gains is credit negative for banks, according to new report by...
The Nigerian Senate has passed a Bill seeking to amend the Finance Act, of 2023 to impose and charge a...
…Creates bad waves for Nigeria globally- Adesina …Gabon president invites Dangote to invest in cement, fertiliser Imagine interviewing in a...
President Bola Tinubu on Tuesday urged Nigerians to shun the planned nationwide Protests planned by #EndBadGovernance group, over economic challenges...
Despite the federal government’s export drive initiative, Nigeria’s only five surviving cocoa processing plants operation has slumped to eight percent...
Nigeria’s new minimum wage of N70,000 may not be enough to feed a household of three, BusinessDay calculations have shown....
The Central Bank of Nigeria raised the hope of many citizens and investors for a moderation in inflation rate through a 50-basis points....
Nigeria’s external reserves have risen to a 17-month high of $37.05 billion in July 2024 in a development likely to...