Business

After almost two years of inflation rising to a 18 year high, analysts say the rate is expected to begin a descent early next year as the slope starts flattening out to a month-on-month decline. According to Bismarck Rewane, Chief Executive Officer (CEO) of Financial Derivatives Company (FDC) Limited in …

President Bola Tinubu (middle) signing the 2023 supplementary Budget at the Presidential Villa in Abuja on Wednesday.With him are: From left: Senate Leader, Sen Opeyemi Bamidele; Chairman Senate Committee on Finance, Sen Olamilakan Adeola; President of the Senate, Godswill Akpabio; Speaker, House of Representatives, Tajudeen Abbas; Chairman, Secretary to the …

The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso Nigeria lost a total of $1.4bn in 8 years over CBN’s ban on 43 items. Cardoso disclosed this at the 58th Annual Bankers’ Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) on Friday in Lagos. According …

The naira again declined against the U.S dollar at the official market on Thursday, exchanging for N827.83 to one U.S dollar after a slight appreciation on Wednesday which saw the local currency exchanging at N818.99/$1. This is still a slight gain when compared to the N850.22 it recorded on Tuesday. …