Here is everything you should know about solar panel efficiency. In recent times, solar energy has garnered substantial interest as an environmentally friendly electricity source that not only contributes to sustainability but also aids in reducing electric bills. Homeowners…
Femi Gbajabiamila, Chief of Staff to President Bola Tinubu, has given Nigerians optimism about the imminent benefits of the fuel subsidy removal. Gbajabiamila shared this positive update after participating in the House of Representatives by-election in Surulere, Lagos State. In…
The Central Bank of Nigeria’s (CBN) latest money and credit statistics indicate a notable upswing in the amount of currency in circulation (CIC), showing an increase of approximately N890 billion between September 2023 and December 2023. This surge, observed during…
The Federal Government (FG) and the Central Bank of Nigeria (CBN) have categorically denied any plans to convert $30 billion domiciliary deposits into naira, refuting recent reports that suggested such measures were being considered to address the foreign exchange (forex)…
Navigating Economic Challenges: Assessing the Impact of Potential Minimum Wage Increase in Nigeria. In response to the escalating inflation rate of 28.92%, President Bola Tinubu has initiated a committee to determine a new minimum wage for Nigerian civil servants.…
In response to the recent guidelines released by the Central Bank of Nigeria (CBN) on International Money Transfer Operators’ (IMTO) operations, questions have arisen about the standing of Flutterwave, Interswitch, and other licensed fintechs offering international money transfer services. The…
The Central Bank of Nigeria (CBN) has issued a new circular that removes the previous cap on exchange rates quoted by International Money Transfer Operators (IMTOs). This follows a circular issued by the central bank addressing suspected cases of excessive…
Oyo State’s OY-CARES Program: N10,000 Monthly Cash Transfers for Vulnerable Households. In an effort to alleviate the economic impact of the COVID-19 pandemic, the Oyo State government is set to distribute N10,000 monthly to 3,300 vulnerable households through the…
Nigeria’s Money Supply Reaches Record N78.74 Trillion in December 2023 In December 2023, Nigeria witnessed a historic high in its broad money supply, soaring to N78.74 trillion, marking a substantial year-on-year increase of 51% from the N52.16 trillion recorded in…
Naira Depreciation Threatens 2023 Dividends: Expert Insights on Impact and Strategies. In light of the recent free fall of the Naira and its potential repercussions on the capital market, some key insights from market experts shed light on the…
