Naira depreciates to N1,660/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday depreciated to N1,660 per dollar in the parallel market from N1,655 per dollar on Monday. But, the Naira appreciated to N1,549 per dollar in the official foreign exchange market. Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) […]
Naira appreciates to N1,730/$ in parallel market
The Naira yesterday appreciated to N1,730 per dollar in the parallel market from N1,740 per dollar last weekend However, the Naira depreciated to N1,681.42 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Trump’s win: Global markets in upswing, Nigeria goes opposite direction
“A stronger dollar may drag oil prices lower as a result… bad news for major oil producing countries who acquire most of their revenues from oil sales”
Naira appreciates to N1,720/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,720 per dollar in the parallel market from N1,725 per dollar on Monday Similarly , the Naira appreciated to N1,671.32 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,671.32 per dollar from […]
CBN ready to use all tools to manage inflation — Cardoso
“With the reforms that are being taken right now, it will put Nigeria in a far better position to see the increase on the growth side”
Naira rises to N1,730/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,730 per dollar in the parallel market from N1,740 per dollar last weekend. However, the Naira depreciated to N1,670.65 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,670.65 per dollar from N1,600 […]
Cartoon: Moving from ‘Change’ to ‘Renewed Hope’ is expensive
Cartoon: Moving from ‘Change’ to ‘Renewed Hope’ is expensive
Naira appreciates to N1,715 in parallel market
By Elizabeth Adegbesan However, the Naira yesterday appreciated to N1,715 per dollar in the parallel market from N1,725 per dollar last weekend. However, the Naira yesterday depreciated to N1,603.16 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,603.16 per dollar […]
Why Naira is worst performing currency, crashes further to N1,710/$
Against the backdrop of the abysmal performance of Nigeria’s currency in the international market, financial analysts have indicated that the Naira is still facing more distortions that could further erode its value.
I’m building an efficient central bank — Cardoso
By Emma Ujah, Abuja Bureau Chief Amidst multiple points crises in the economy, the Governor of Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has said that he is committed to building a resilient apex bank that would address all the challenges successfully. Speaking at the dinner of the just concluded 30th edition of the Nigeria […]
Naira rises to N1,680/$ in parallel market
The Naira, yesterday, appreciated to N1,680 per dollar in the parallel market from N1,690 per dollar last weekend
FG plans 90,000km fibre-optic project
The Federal Government has announced plans to invest 2 billion dollars to deploy a 90,000-kilometre fibre optic project in the country. The project is designed to expand Nigeria’s fibre optic cable capacity from 35,000km to 125,000km, to boost the terrestrial fibre optic backbone in. The Minister of Communications, Innovation & Digital Economy, Bosun Tijani, stated […]
Price of bread rises faster than inflation
There are indications that prices of bread and other flour based food items would continue to rise as bakers and flour millers said there is no end in sight for solutions to the key drivers of the cost in the sector.
Rising energy costs push manufacturers to brink of collapse
The manufacturing sector in Nigeria is facing existential threats with the escalating costs of energy, amongst other binding constraints, driving up production and logistics costs thus putting the sector on the brink of collapse.
Naira depreciates to N1,690/$ in parallel market
*As NAFEM’s turnover rises 323% By Elizabeth Adegbesan The Naira today appreciated to N1,690 per dollar in the parallel market from N1,670 per dollar on Thursday. Similarly, the Naira depreciated to N1,641.27 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to […]
Naira appreciates to N1,670/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,670 per dollar in the parallel market from N1,675 per dollar on Wednesday. Similarly, the Naira appreciated to N1,622.57 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,622.57 per dollar from N1,625.13 […]
