BDCs Not Selling Dollar At N1,000/$1
Contrary to social media reports making the rounds on Facebook and X (formerly Twitter), claiming that a US Dollar was exchanging for between N900 and N1,000 in Abuja on Wednesday,…
Naira Appreciates to N1,350/$ in Parallel Market
The Naira yesterday appreciated to N1,350 per dollar in the parallel market from N1,430 per dollar on Monday. Similarly, the naira yesterday appreciated to N1,382.95 per dollar in the Nigerian Foreign Exchange…
Private Sector Foresees Inflation and Job Cuts Due to 24.5% Interest Rate
The private sector operators in Nigeria have raised a question mark over the recent increase in the MPR to 24.75% by the CBN in particular and over the general uncertainty…
Low Incomes Contribute To Stagflation In Iran’s Housing Market
Real estate experts anticipate a significant rise in housing prices in Iran due to factors such as further depreciation of the national currency, but they also foresee continued stagnation in…
CBN to Banks, Expedite Action on Recapitalization
The Central Bank of Nigeria (CBN) has directed deposit money banks in the country to expedite actions on the increase of their capital base in order to strengthen the financial…
Nigeria’s Mortgage System Faces Major Hurdles
By Festus Adebayo In a recent report, the shortcomings of Nigeria's mortgage system have been brought to light, highlighting significant barriers to homeownership for many Nigerians. The report, which analyzes…
Excitement In Isuikwuato LGA As Gov Otti Kicks Off Long-Awaited Road Construction
There was excitement in Isuikwuato Local Government Area of Abia State on Tuesday as Governor Alex Otti flagged off the long-awaited construction of an 11.7-kilometer road in the LGA. Hailing…
Breaking: CBN raises benchmark MPR by 200 basis points to 24.75%
The Central Bank of Nigeria (CBN) has increased the monetary policy rate (MPR) by 200 basis points, to a new unprecedented 24.75% at the end of its 294th meeting of…
Florida Bans Under-14s from Social Media
In a decisive move to address growing concerns over child safety online, Florida Governor Ron DeSantis has signed into law a bill that prohibits children under the age of 14…
Tinubu’s Government Invites Gumi for Questioning on Banditry
The administration led by Bola Tinubu has taken the step of inviting controversial Kaduna-based Islamic cleric, Ahmad Gumi, for questioning regarding his statements on the activities of bandits in the…