NCC Boss Alerts, Switching off mobile data during idle periods can significantly reduce consumptionAkpabio Seeks Stronger Collaboration With ChinaNAF pharmacist makes history with triple honors at PSN national conferenceEFCC – Olukoyede to Nigerian Youths, Replace Cybercrimes With Cyber ValuesMC Oluomo Assumes Office As President Despite Court Order
21
Nov, Thursday
0°C
Current location
Category: Economy and Capital Markets
Parallel market: Naira appreciates to N1,350/$
The naira appreciated on Monday to N1,350 per dollar in the parallel market from N1,370 per dollar last week. Also, the naira depreciated to N925.34 per dollar in the…
Read More
Bureau de Change Operators Knocked for Dollar Scarcity, Naira Depreciation
Bureau De Change operators have said hoarding of the dollar is the major factor fuelling naira depreciation. While raising an alarm due to the depreciation in the value of the…
Read More
Inflation Climbs to 28.92%, Closes At 21-Year High — NBS
Food inflation continues to outperform general inflation. In December 2023, the food inflation rate was 33.93 per cent. Inflation has continued to rise, according to a report by the National…
Read More
As Naira Loses 39%, Manufacturers May Embark On Mass Retrenchment
The naira has depreciated by 38.9 percent against the United States dollar at the official I&E window of the Central Bank of Nigeria in the past three months, according to…
Read More
Report Reveals How Cadbury, Guinness Others Lost N472bn To Naira Depreciation
Some major fast-moving consumer goods companies, including Cadbury, Guinness Nigeria and Nestle lost the sum of N472.3bn to naira depreciation during the first nine months of 2023, according to a…
Read More
Naira slumps to N1,043 at official market
The Nigerian Naira reached a new low on Thursday, closing at N1,043.09 per dollar in the official market. The domestic currency depreciated by 16.35% to close at N1,043.09 to…
Read More
OPEC : 2.2 million barrels per day 2024 growth expectations, key to shaping oil market
The Organisation of the Petroleum Exporting Countries said its 2.2 million barrels per day expectations for economic growth in 2024 is expected to play a defining role in shaping global…
Read More
In-depth Investigation Reveals Alleged N22.7 Trillion ‘Ways and Means’ Scandal Involving Former CBN Governor Emefiele
An explosive report has surfaced, casting a damning shadow over the tenure of former Central Bank of Nigeria (CBN) governor, Godwin Emefiele. The special investigator appointed for the probe, Jim…
Read More
Rise in Nigeria’s Domestic Borrowing Soars to N52 Trillion in 2023
Nigeria’s domestic debt stock surged by an astonishing 134%, soaring to a staggering N52 trillion by the end of 2023. This revelation was made by Patience Oniha, the Director-General of…
Read More
World Bank : Over 100 million Nigerians living in poverty
An unprecedented 104 million Nigerians have slipped into poverty since the announcement of president Bola Ahmed Tinubu's economic reforms. The World Bank's Nigeria Development Update (NDP) report, which was…
Read More
