—Driven by hike in prices of beans, yam flour, others —Kogi, Benue, Anambra record highest headline food inflation rates; Katsina, Imo, Ebonyi lowest By Elizabeth Adegbesan LAGOS — Nigeria’s annual food inflation rate reversed a six-month downward trend, rising to 12.2 per cent in February, from 8.89 per cent in January, driven by prices of beans, […]

Ibrahim explained that the resulting dollar inflows would empower the Central Bank of Nigeria to intervene in the black market and stabilise exchange rates.

By Elizabeth Adegbesan The Naira yesterday depreciated to N1,376 per dollar in the parallel market from N1,370 per dollar on Monday. Similarly, the naira depreciated for the second time this week to N1,390 per dollar in the Nigerian Foreign Exchange Market, NFEM. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange […]

The Naira today appreciated to N1,470 per dollar in the parallel market from N1,480 per dollar on Thursday.

“After more than two years of implementing transformative and politically difficult reforms, Nigeria is now at the threshold of consolidation,”