Why FEC raised 2024 Budget to N27.5trn – Atiku Bagudu
Minister of Budget and Economic Planning, Atiku Bagudu has asserted that the prevailing economic realities compelled the Federal Government to raise the 2024 budgetary proposal from the initial…
Federation account receives N1tn in four months, says FG
Mr. Wale Edun, the Minister of Finance and Coordinating Minister of Economy, has announced that the Federation Account has experienced an improvement in revenue inflow following the removal…
Monetary reforms yielding positive results, says CBN
The Central Bank of Nigeria (CBN) has expressed optimism about the impact of its monetary policy reforms on the country’s economy. This comes in response to the recent…
JUST IN: CBN Says Old Naira Notes Remain Legal Tender Indefinitely
The Central Bank of Nigeria has announced that it had extended the validity of the old N200, N500 and N1,000 notes indefinitely. NAIJA NEWS reports that the apex…
Nigerian Firms Report Significant Currency Revaluation Loss Due to Naira’s Depreciation
Eight major firms in Nigeria have reported a combined currency revaluation loss of N918.1 billion. This substantial loss is attributed to the sharp depreciation of the Nigerian naira…
Those hoarding Naira will get a shock – Presidency
The Presidency has assured that President Bola Tinubu’s administration would continue in working on policies that will strengthen the Naira. This was disclosed by Tinubu’s Special Adviser on…
Optimism Over FG’s Dollar Support Expected to Strengthen Naira Below N1,000 per Dollar
The Nigerian Naira is anticipated to strengthen below N1,000 to the US dollar on the black market next week. This buoyant projection stems from the optimism surrounding the…
France to repatriate $150m Abacha loot
France has announced on Friday its intention to return $150 million previously looted by Nigeria’s former military leader, General Sani Abacha.InformationGuideNigeria The funds, which were stashed abroad following…
Kano deputy gov, Ganduje differ over N300bn debt
The Deputy Governor of Kano state, Aminu Gwarzo, has made startling revelations concerning the financial state of the region during a recent North-West zonal meeting of the New…
Naira rebounds as CBN clears forex debt backlog
The Nigerian currency, the naira, made significant gains, closing at N1,120 against the dollar following the announcement that the Central Bank of Nigeria (CBN) started addressing its outstanding…