Economy
CBN threatens to revoke banks’ forex licence over diaspora remittances in naira
By Onome Amuge The Central Bank of Nigeria (CBN) threatened to withdraw foreign exchange dealership licences of banks that…
Analysts call on CBN to tweak strategy as inflation defies MPC
BY ONOME AMUGE Nigeria, Africa’s largest economy, has been bedevilled by a worrisome rate of consumer price index, a…
Africa’s real wages fall 0.5% in 2022 in line with global performance – ILO
By Ben Eguzozie Asia & Pacific, Central and Western Asia in positive growths But AEW sees brighter 2023 and beyond…
World Bank cuts Nigeria’s 2022 growth forecast to 3.1% on weak economic performance
By Onome Amuge The World Bank has lowered Nigeria’s 2022 growth forecast to 3.1 per cent from a previous forecast…
Nigeria’s inflation rises 10th consecutive month to 21.47% in November
By Onome Amuge Nigeria’s inflation rate rose for the tenth consecutive month in 2022 to a new high of 21.47…
Lagos Assembly passes N1.768trn 2023 budget
By Onome Amuge The Lagos State House of Assembly, on Monday evening, passed the 2023 budget estimate of N1.768 trillion…
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