- Central Bank Reduces Interest Rate to 23%
- Nigerian Exchange Gains N297bn as Banking Index Drives Momentum
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- CBN Cuts Interest Rate by 3.50% as Monetary Easing Begins
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- Chief Economists Expect Global Economy to Stabilise
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Economy
The Central Bank of Nigeria (CBN) is anticipated to keep the benchmark interest rate at 26.5% at the policy committee
Equities Investors’ Wealth Rises by N27bn as NGX Rallies
The naira struggled to keep value across the foreign exchange market on Wednesday as the Nigerian…
The Federation Account Allocation Committee (FAAC), on Wednesday, shared the sum of N906.955 billion among the three tiers of government as federation allocation for the month of October.
Gov. Nasir Idris of Kebbi, on Wednesday, presented a budget proposal of N250.1 billion for the 2024 fiscal year to the state House of Assembly.
Gov. Umo Eno of Akwa Ibom has presented an Appropriation Bill of N845.63 billion for the 2024 fiscal year to the state House of Assembly for consideration and approval.
Fitch Ratings has downgraded Nigeria-based Coronation Merchant Bank Limited’s (CMB) Long-Term Issuer Default Rating (IDR) to ‘CC’ from ‘B-‘ and its Viability Rating (VR) to ‘cc’ from ‘b-‘.