Economy

The Socio-Economic Rights and Accountability Project (SERAP) has asked the Federal Government and Central Bank of Nigeria (CBN) to provide spending details of public funds and private sector donations to provide socio-economic benefits to…
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The devaluation of Nigeria’s currency Naira by the Central Bank of Nigeria from the official rate of N307 to N360 has triggered mixed reactions from analysts. Prof. Uche Uwaleke, a professor of Finance and Capital Market at the Nasarawa…
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Over 100 tonnes of bad Naira notes are generated as wastes and destroyed weekly, the Central Bank of Nigeria has said. The apex bank said the Naira notes are destroyed weekly through open-air burning at its 12 disposal centres across the…
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Nigeria’s external reserves recorded a decline of $4.47bn from $42.54bn as of the beginning of 2019 to $38.07bn as of the end of December. The $4.47bn, according to data obtained from the Central Bank of Nigeria, represents a decline of…
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