CBN
Nigerian businesses tell CBN they plan to hire more in November as “optimism” rises
Business & Economy
November 13, 2024
Nigerian businesses tell CBN they plan to hire more in November as “optimism” rises
This positive sentiment, shared by firms across various sectors, reflects a strong confidence in economic activity, except in the construction…
76% of Nigerians call for lower Interest Rates amid economic pressures, says CBN Survey
Business & Economy
November 13, 2024
76% of Nigerians call for lower Interest Rates amid economic pressures, says CBN Survey
The Central Bank of Nigeria’s (CBN) October 2024 Inflation Expectations Survey (IES) has revealed a strong desire among Nigerians for…
Federal government’s domestic debt stock hits N66.957 trillion in H1 2024
Business & Economy
November 13, 2024
Federal government’s domestic debt stock hits N66.957 trillion in H1 2024
The Debt Management Office (DMO) reports that the federal government’s domestic debt stock by instrument reached N66.957 trillion by the…
Investors prefer longer-term government securities amid inflation concerns – CBN
Business & Economy
November 6, 2024
Investors prefer longer-term government securities amid inflation concerns – CBN
The Central Bank of Nigeria (CBN) has reported a noticeable increase in investor demand for longer-tenured government securities. In the…
FG’s budget deficit jumps to N4.53 trillion in three months amid low revenue collection
Business & Economy
November 6, 2024
FG’s budget deficit jumps to N4.53 trillion in three months amid low revenue collection
The federal government of Nigeria’s fiscal deficit surged to N4.53 trillion in the second quarter of 2024, up from N3.88…
Nigeria posts $5.14 billion in Current Account Surplus, bolstering forex stability
Business & Economy
November 6, 2024
Nigeria posts $5.14 billion in Current Account Surplus, bolstering forex stability
Nigeria recorded a current account surplus of $5.14 billion, or 11.46% of GDP, in Q2 2024, representing a significant improvement…
Net forex inflow into Nigeria increases by $17 billion in Q2 2024
Business & Economy
November 6, 2024
Net forex inflow into Nigeria increases by $17 billion in Q2 2024
Nigeria recorded a significant increase in its net foreign exchange (forex) inflows in the second quarter of 2024, marking a…
Nigeria’s money supply surges to N108.9 trillion, up 68% in one year
Business & Economy
October 30, 2024
Nigeria’s money supply surges to N108.9 trillion, up 68% in one year
Nigeria’s money supply (M3) has grown by 62.8% year-on-year (YoY) in September 2024, despite the Monetary Policy Committee’s (MPC) tightening…
Naira devaluation, subsidy removal weakens business confidence in Nigeria – Report
Business & Economy
October 30, 2024
Naira devaluation, subsidy removal weakens business confidence in Nigeria – Report
Business confidence in Nigeria has declined sharply due to the impact of naira devaluation and the removal of fuel subsidies,…
Nigeria’s reforms attracting serious and growing interest from foreign investors – Cardoso
Business & Economy
October 29, 2024
Nigeria’s reforms attracting serious and growing interest from foreign investors – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso has stated that the current reforms being implemented…