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Nigeria, central bank
Nigeria’s Naira Hits Fresh Low Against Dollar Despite Rate Hike
Nigeria’s naira fell to a fresh low against the dollar, shrugging off on a surprise interest-rate increase amid ongoing local scarcity of the US currency.
Nigeria's central bank surprises with fifth rate hike this year
Nigeria's central bank unexpectedly raised its benchmark lending rate by 50 basis points to 27.25% on Tuesday in a unanimous decision to tame persistent inflationary pressures, bank governor Olayemi Cardoso said.
Nigeria’s central bank raises interest rate to 27.25% amid inflation concerns
Nigeria’s central bank surprised the market on Tuesday by raising its benchmark lending rate by 50 basis points to 27.25%. This is the fifth rate hike of the year and reflects the bank’s ongoing battle against inflationary pressures,
BREAKING: In fifth consecutive hike, CBN raises Nigeria’s interest rate to 27.25%
The Central Bank of Nigeria, CBN, Monetary Policy Committee, MPC, has raised the interest rate by 50 basis points to 27.25 percent, the fifth hike since February 2024. CBN Governor Olayemi Cardoso disclosed this during a press briefing at the end of 297th MPC in Abuja on Tuesday.
Nigeria, ExxonMobil
Exxon plans $10 billion oil investment in Nigeria, presidency says
Exxon Mobil Corp has proposed a $10 billion investment in offshore oil operations in a new investment push in Nigeria, a presidential spokesperson said on Thursday, citing company executives. The investment was announced during talks between Nigeria's Vice President Kashim Shettima and the CEO of Exxon's Nigeria operations Shane Harris on the sidelines of the U.
Exxon Proposes $10 Billion Investment in Nigeria’s Deepwater Oil
ExxonMobil has announced a $10 billion investment in Nigeria's deepwater oil operations, signaling a renewed commitment to the country's energy sector.
ExxonMobil Proposes $10B Investment In Nigeria
Exxon Mobil plans to invest $10B in Nigerian oil operations, focusing on Owo project and increasing production despite divestment plans.
MyJoyOnline
43m
Nigeria military says dozens of militia group leaders killed over past three months
Nigeria's military has killed dozens of leaders of armed militia groups and hundreds of fighters across the country following ...
16h
Gluwa CEO Advocates for a Borderless Financial System for Nigeria's Creative Industry at UN General Assembly Side Event
Gluwa CEO participated in the "Destination 2030: Nigeria Everywhere" event, a side panel during the United Nations General ...
1d
As Global Temperatures Rise, Nigeria Faces a Cooling Crisis
With electricity scarce, Africa’s most populated country struggles to provide lifesaving cooling without worsening the very ...
devdiscourse
12h
Nigeria's Military Offensive: Key Militia Leaders and Fighters Neutralized
Nigeria's military has launched a significant offensive in the third quarter of the year, neutralizing 65 key terrorist leaders and combatants and over 1,900 fighters across the country. This move ...
3d
Nigeria Set to Pause Two-Year Tightening Cycle as Inflation Cools
Nigeria’s monetary policymakers are expected to cautiously loosen their grip on a more than two-year tightening cycle on ...
Baking Business
16h
BUA Foods expanding pasta plant in Nigeria
LAGOS, NIGERIA — BUA Foods PLC, a Nigerian food manufacturer, plans to expand pasta production by 400,000 tonnes per year at ...
Devex
16h
Global health's ‘power couple’ documents Nigeria CDC's coming of age
Chikwe is the assistant director-general at the World Health Organization, but previously served as the inaugural ...
The Punch Newspapers
5h
Cryptocurrency: Nigeria’s regulatory leap
Despite this progress, Nigeria’s cryptocurrency market still lags behind international best practices in terms of legal ...
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