CBN unveils new FX guidelines, approves cash movement of $50,000
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has issued fresh Foreign Exchange Guidelines which provides that an individual can move cash of up to $50,000, but must be declared at the point of exit. The bank also retained the earlier provision for the movement or import of cash of up to […]
Middle East Crisis: IMF plans $50bn lifeline for Nigeria, others
*Urges prudent use of oil windfall to rebuild buffers By Babajide Komolafe, Economy Editor The International Monetary Fund, IMF, has indicated plans to provide up to $50 billion in financial support to Nigeria and other countries affected by the biting impact of the ongoing Middle East crisis. Managing Director of the IMF, Kristalina Georgieva, disclosed this […]
Nigeria’s public debt up 10% to N159trn in 2025—DMO
By Yinka Kolawole Nigeria’s total public debt for federal and state governments rose by 10 percent, year-on-year, YoY to N159.27 trillion at the end of the fourth quarter of 2025 (Q4’25) compared to the N144.67 trillion recorded at the end of Q4’24, the Debt Management Office (DMO) has reported. According to DMO, the figure represents […]
IFAD to boost discussions at 2026 Vanguard Economic Discourse
By Emeka Anaeto, Business Editor World’s leading agricultural sector funding agency, the International Fund for Agriculture Development (IFAD) , an arm of the United Nations, is set to boost discussions on Nigeria’s agric and food sector at the upcoming 2026 Vanguard Economic Discourse. The 2026 edition of the Vanguard Economic Discourse is scheduled to hold next […]
Nigeria’s inflation rate rise to 15.38% after 11 months decline
•As CPPE cautions against monetary policy tightening By Yinka Kolawole & Elizabeth Adegbesan The National Bureau of Statistics, NBS, yesterday, said the country’s headline inflation rate recorded the first increase in 12 months to 15.38 percent in March 2026 from 15.06 percent in February 2026. This indicates a halt in the downward trend recorded in the past […]
Naira rises to N1,393/$ in parallel market
The Naira on yesterday appreciated to N1,393 per dollar in the parallel market from N1,403 per dollar on Tuesday.
