Business

Nigeria’s External Reserves Hit $52.5bn As Import Cover Improves

Nigeria’s gross external reserves have climbed to $52.52 billion, enough to cover approximately 11 months of imports, according to the Central Bank of Nigeria...

CBN Holds Interest Rate At 26.5% As MPC Cites Global Risks And Inflation Concerns

The Central Bank of Nigeria (CBN) has retained the country’s benchmark interest rate, the Monetary Policy Rate (MPR), at 26.5 per cent, following the conclusion...