Economy

Mixed reactions trail CBN’s fresh deadline on currency swap

By Onome Amuge The Central Bank of Nigeria (CBN) has extended the January 31 deadline for the exchange of old…

ICRC sees $361bn revenue potential in Lekki deep seaport within 45 years

By Innocent Obasi The Infrastructure Concession Regulatory Commission (ICRC), an agency of the federal government of Nigeria charged with the…

CBN increases interest rate to 17.5%

By Business AM  The monetary policy committee of the central bank has in its January 2023 meeting, raised the monetary…

CBN cash swap programme to promote new naira circulation 

By Onome Amuge The Central Bank of Nigeria (CBN) has introduced a cash swap programme in partnership with super agents…

Nigeria fails to make AfDB’s 10 African economies to grow 5.5%+ in 2023–2024

By Ben Eguzozie Rwanda, Côte d’Ivoire, Benin, Ethiopia, Tanzania,  in world’s 10 fastest-growing Nigeria, listed as Africa’s largest economy with…

25 million Nigerians at high risk of hunger in 2023, UN warns

By Onome Amuge   The October 2022 Cadre Harmonisé, a government led and UN-supported food and nutrition analysis carried out…