The Central Bank of Nigeria (CBN) says it has no plans to convert domiciliary account holdings valued at 30 billion dollars into Naira.
Category: Economy
Africa’s Economic Crossroads: Challenges and Pathways for a Brighter 2024
Africa is the continent with the youngest and fastest-growing population in the world, as well as rapidly expanding cities and innovative industries ranging from clean energy to fintech.
2024 Budget: Tinubu directs MDAs to provide monthly performance reports
Tinubu assured Nigerians that the implementation of the budget would be vigorously monitored.
How Africa Can Stem the Exodus of Talent: Strategies to Combat Brain Drain in Africa
The term "brain drain" refers to the movement of highly skilled workers from developing to industrialized nations in search of higher living and career opportunities. “Brain drain is a serious challenge for Nigeria. Our best and brightest minds are leaving the country in search of better opportunities, and this poses a significant risk to our development." - Ngozi Okonjo-Iweala.
Dangote Refinery Receives Inaugural One Million Barrels of Crude Shipment
Dangote Petroleum Refinery and Petrochemicals plant has purchased one million barrels of Agbami Crude grade from Shell International Trading and Shipping Company Limited, STASCO.
African Leaders Address UN General Assembly, Emphasizing SDGs
The Earth is heating up more quickly, accompanied with war and inflation, poverty, water, and food insecurity, the issues are getting worse by the day.
Tinubu negotiates multi-billion dollars IDB infrastructure funding
President Bola Tinubu on Monday in Makkah advanced negotiations for a multi-billion dollars infrastructure finance facility from the Islamic Development Bank (IDB).
NDIC pays N1.39bn to depositors of failed banks
The Nigeria Deposit Insurance Corporation (NDIC) has paid N1.39 billion to 36,163 depositors of 110 closed microfinance banks (MFBs) and three primary mortgage banks (PMBs). The Managing Director of NDIC,…
Naira appreciates further, trades N1,025/$ at parallel market
The naira, on Monday, appreciated further at the parallel section of the foreign exchange market to N1,025 a dollar. This represents an appreciation of N15, or 1.44 percent, compared to…
BRICS Financial Systems and Their Impact on Developing Nations
BRICS Financial Systems and Their Impact on Developing Nations