The Federal Government has announced that the Saudi Arabian government has committed to investing in the revitalization of Nigeria’s refineries and supporting the reforms of the Central Bank of Nigeria. The commitment was revealed in a press statement by the … Continue reading Saudi Arabia sets to invests in Nigeria’s refineries alongside central bank reforms
US Federal Reserve raises interest rates to highest level in 16 years in a bid to stabilize prices. This marks the Federal Reserve’s 10th hike in 14 months, with the benchmark rate now between 5% and 5.25%, up from near-zero … Continue reading US federal reserve increases interest rates to highest level in 16 years
The Central Bank of Nigeria has responded to concerns regarding the disappearance of newly redesigned banknotes by announcing that it will supply more quantities of the new notes to banks. According to the CBN’s Acting Director of Corporate Communications, Dr. … Continue reading Central Bank of Nigeria boosts supply of new notes to banks
The United States central bank, the Federal Reserve, has once again raised interest rates despite fears that the move could lead to financial instability following a string of recent bank failures. This latest increase of 0.25 percentage points marks the … Continue reading US Federal Reserve raises interest rates despite banking turmoil and warns of possible additional policy firming
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