The Central Bank of Nigeria (CBN) spent ₦464 billion on printing, distributing, processing, and destroying naira notes in 2025, according to its latest audited financial statements. The figure represents a sharp increase from the ₦238.6 billion recorded in 2024, reflecting a year-on-year rise of more than 94 percent in the cost of managing Nigeria’s currency….
The U.S. Treasury market could come under renewed pressure if the Federal Reserve does not provide a clearer roadmap for achieving its 2% inflation target, according to Bank of America strategist Mark Cabana. In a research note released on Tuesday, Bank of America said it expects the Federal Reserve to leave interest rates unchanged at…
Oyo State Governor and presidential candidate of the Allied Peoples Movement (APM), Seyi Makinde, has criticised the economic reforms introduced by President Bola Tinubu’s administration, arguing that the simultaneous removal of the fuel subsidy and the floating of the naira significantly worsened the economic hardship faced by millions of Nigerians. Makinde made the remarks on…
