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Is Nigeria’s economic reforms driving or derailing inflation?

By Abdulrauf Aliyu In April 2024, Nigeria's inflation rate soared to a staggering 33.69%, marking a concerning trend for the nation's economic stability. Simultaneously, the...

National Assembly pushes for central bank independence: Proposed amendment aims to deter political incursions

The National Assembly of Nigeria is spearheading a legislative initiative to amend the Central Bank of Nigeria Act 2007, aiming to insulate the apex...

Nigerian government faces backlash over proposed cybersecurity levy

The introduction of a cybersecurity levy on electronic transactions by the Central Bank of Nigeria (CBN) has sparked outrage among Nigerian lawmakers, prominent groups,...

Police to arrest unregistered PoS operators over insecurity

The Federal Government of Nigeria has initiated a mandatory registration process for Point-of-Sale (PoS) operators nationwide, citing security imperatives and the need to combat...

FG imposes two-month registration deadline on PoS companies

In a bid to enhance regulatory compliance and safeguard businesses, the Federal Government, through the Corporate Affairs Commission (CAC), has set a two-month deadline...

Beyond Exchange Rates: Understanding the true value of the naira

By Abdulrauf Aliyu Three weeks ago, the chatter among some circles was about the supposed improvement in the value of the Nigerian naira. Why?...

Presidency applauds CBN efforts to stabilize naira, promises relief to Nigerians

In a bid to address the volatility of Nigeria's currency and combat economic malpractice, the Yemi Cardoso-led Central Bank of Nigeria has embarked on...

CBN moves to curb foreign currency collateral use

In a bid to bolster foreign exchange liquidity and stabilize the economy, the Central Bank of Nigeria (CBN) issued a new directive on Monday,...

CBN raises bank’s capital base to N500billion

In a statement issued by its Acting Director of Corporate Communications, Sidi Ali, the CBN disclosed that commercial banks holding international licenses must raise...

CBN raises interest rates to 24.75 percent in bid to tackle inflation surge

In a decisive move to address mounting inflationary pressures, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the...

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