Economy

Special Adviser to the President on Information and Strategy, Bayo Onanuga, has stated that the federal government will raise a...

Breaking News

CBN raises benchmark MPR by 200 basis points to 24.75%

by Aghogho Udi

The CBN’s Monetary Policy Committee (MPC) has increased the benchmark interest rate by 200 basis points from 22.75% to 24.75%....

FEC approves release of N60 billion from CBN for SMEs schemes targeted at Nigerian youths

The Federal Executive Council has granted its consent for the disbursement of N60 billion from the Central Bank of Nigeria...

Currencies

Dollarisation of Naira payments and Nigeria’s macroeconomic instability

by Isaac Nwaogwugwu

The Naira has been battered beyond a fraction of what gold did to silver under bimetallism in France.

Nigeria sets to join European Bank for reconstruction and development – Wale Edun

The Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, has said that Nigeria has ratified a...

Agriculture

Food Security: Japan to invest about $99.1 million in Nigeria Agric Sector – Wale Edun

Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, announced that the Japanese International Cooperation Agency is...

Some considerations for the $54Billion upcycle food market

by Brain Essien

The global upcycled foods market size in 2021 was worth $53.7billion. It is projected to reach $97billion by 2031, growing...

Nigeria’s money supply hits historic N95.56 trillion in Feb 2024 despite MPC’s tightening stance

by Sami Tunji

Nigeria’s broad money supply (M3) has surged to a new historic high of N95.56 trillion as of February 2024 despite...

FEC approves Renewed Hope Infrastructure Fund for critical projects nationwide

March 25, 2024

The Federal Executive Council has sanctioned the creation of the Renewed Hope Infrastructure Fund, aimed at enhancing social services nationwide.