Sep 25, 2024 · The Federal Government has approved a modification to the Consolidated Public Service Salary Structure (CONPSS), effective July 24. Ekpo Nta, Chairman of the National Salaries, Incomes, and Wages Commission (NSIWC), made the statement during a press briefing in Abuja on Tuesday. Nta stated that President Bola Tinubu signed the Act after it …

Dec 16, 2024 · This Christmas season, Nigerian cinemas are showcasing an incredible lineup of movies, from blockbuster Nollywood hits to Hollywood’s most anticipated releases. Whether you’re looking for comedy, action, or family-friendly stories, these films are …

Dec 3, 2024 · The exchange rate between the Naira and the US dollar, according to the data released on the FMDQ Security Exchange, the official forex trading portal, showed that the Naira closed at 1730.00 pe $1 on Tuesday, December 3, 2024. Naira traded as high as 1663.00 to the dollar at the investors and exporters (I&E) window on Monday.

Sep 25, 2024 · Interbank rates were adjusted upward in response to the Central Bank of Nigeria’s (CBN) monetary policy tightening, despite the absence of liquidity pressure. The pricing of money market instruments has been affected by the rate hike, and is expected to impact the borrowing rate at the CBN’s standing lending facility (SLF). According to analysts, today, […]

Oct 23, 2024 · The International Monetary Fund (IMF) has forecasted that Nigeria’s economy will grow by 3.2% in 2025, while inflation is expected to decrease to 25% that same year. This was revealed in the IMF’s latest World Economic Outlook (WEO) report, which also projects global economic growth to remain steady at 3.2% in 2025, unchanged from 2024.

May 6, 2024 · Global Economic Trends Signal Optimism Amidst Political Uncertainty The global economic landscape is experiencing a mix of optimism and caution as various indicators point towards growth and stability, while political uncertainties loom large in several key regions. In the United States, the latest employment data paints a rosy …

Nov 15, 2024 · The Federal Executive Council (FEC) has approved the Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for 2025–2027, proposing a budget of N47.9 trillion for 2025. The framework includes a borrowing plan of N9.22 trillion to address the projected budget deficit, according to the Minister of Budget and Economic Planning, Abubakar Bagudu. Bagudu briefed journalists at ...

Jul 19, 2022 · The creation of the NNPC Limited follows a decrease in crude oil production in 2022 compared to the same six-month period in 2020 and...

Dec 24, 2024 · The exchange rate between the Naira and the US dollar, according to the data released on the FMDQ Security Exchange, the official forex trading portal, showed that the Naira closed at 1665.00 pe $1 on Tuesday, December 24, 2024. Naira traded as high as 1532.00 to the dollar at the investors and expo

Oct 22, 2024 · Matthew Ryan, Head of Market Strategy at Ebury, forecasts further depreciation of the Naira in 2025, though less severe than the declines seen in 2023 and 2024. In an interview with CNBC Africa, Ryan highlights Nigeria’s foreign reserves, oil prices at $74 per barrel, and a narrowed gap between official and parallel market exchange rates […]