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monetary policy

Ogbo-Ogwu Market Hands Over N265m Worth of Fake, Expired Drugs to NAFDAC

Ogbo-Ogwu Market in Onitsha transfers N265m worth of fake and expired drugs to NAFDAC for disposal.

FCCPC Unseals Ikeja Electric Headquarters After Consumer Rights Undertaking

FCCPC lifts seal on Ikeja Electric headquarters after the company commits to addressing consumer complaints and regulatory violations.

Nigeria’s Central Bank Doubles Down on Inflation Fight

Nigerians are feeling the pinch of rising prices, and the Central Bank is taking decisive action. Governor Dr. Olayemi Cardoso reaffirmed the Monetary Policy Committee's (MPC) commitment to keeping interest rates high to combat inflation. This comes after two significant interest rate hikes in 2024, pushing the benchmark lending rate to a record 24.75%.

Supreme Court Extends Validity of Old and New Naira Notes

Nigeria's Supreme Court has ruled in favor of the indefinite legal tender status of both old and new naira notes, impacting the nation's economy.

JP Morgan Forecasts Naira to Reach N850/$ by Year-End: What It Means for Nigeria

JP Morgan, a renowned global financial services company, has made a prediction that the...

Nigeria Faces Naira Pressure, IMF Offers Loan Option

Nigeria’s currency, the naira, is under pressure and the country could seek a loan...

Latest articles

Ogbo-Ogwu Market Hands Over N265m Worth of Fake, Expired Drugs to NAFDAC

Ogbo-Ogwu Market in Onitsha transfers N265m worth of fake and expired drugs to NAFDAC for disposal.

FCCPC Unseals Ikeja Electric Headquarters After Consumer Rights Undertaking

FCCPC lifts seal on Ikeja Electric headquarters after the company commits to addressing consumer complaints and regulatory violations.

Femi Otedola Lifts Stake in First HoldCo With $10 Million Share Purchase

Femi Otedola boosts his stake in First HoldCo with a $10 million share purchase as earnings and assets grow.

Nigerian-Linked Investor Battles Zambia Regulator Over Stake

A Nigerian-linked firm says a settled share purchase vanished after Zambia’s central bank refused recognition and liquidated the lender.