-CBN’s data indicates that overseas remittances rose to $1.3 billion in February, more than four times the $300 million received in January. The Central Bank of Nigeria has reported a…
Read More CBN says forex inflow as remittances quadrupled to $1.3 billion in February
Our reporter/ The Minister of Power, Adebayo Adelabu, has threatened non-performing distribution companies (discos) with licence revocation as Nigerians suffer power outage in the country. “It is disheartening to witness…
Read More Power minister threatens Discos with licence revocation over blackout
Our reporter/ The federal government on Wednesday disclosed that the free printing of naira notes for eight years, under the previous administration went into the hands of a privileged few,…
Read More Edun blames economic crisis on free printing of naira by Buhari’s govt
The International Monetary Fund (IMF) says Nigeria must prioritise addressing food insecurity. The IMF stated this in a report after its team, led by Axel Schimmelpfennig, IMF mission chief for…
Read More Nigeria must address food insecurity urgently – IMF
The Bank of Ghana has suspended the forex licenses of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN) due to breaches of foreign exchange market regulations and…
Read More Ghana suspends FX licences of First Bank, GTBank