Naira down to N1,540 in parallel market
By Elizabeth Adegbesan The Naira yesterday depreciated to N1,540 per dollar in the parallel market from N1,525 per dollar on Tuesday. But the Naira appreciated to N1,502.5 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate fell to N1,502.5 per dollar […]
75% of goods from Benin ports bound for Nigeria — Reps Speaker
•Vows to back reforms to simplify trade regulations By Yinka Kolawole The Speaker, House of Representatives, Tajudeen Abbas, has said that more than 75 percent of goods offloaded in the Benin Republic ports are bound for Nigeria, blaming inefficiencies and high costs at Nigerian ports. Abbas stated this when he received a delegation from the Presidential […]
Naira depreciates to N1,635/$ in parallel market
By Elizabeth Adegbesan The naira yesterday depreciated to N1, 635 per dollar in the parallel market from N1,625 per dollar on Tuesday. The Naira has recorded a 1.8 percent or N29 depreciation in the parallel market from the beginning of this month till date. However, the Naira appreciated to N1,596 per dollar in the Nigerian […]
Cartoon: Wrong target, as inflation run away
Cartoon: Wrong target, as inflation run away
Naira-for-crude deal continues, says FG
According to the ministry, the stakeholders reaffirmed the government’s continued commitment to the full implementation of this strategic initiative, as directed by the Federal Executive Council (FEC).
VANGUARD ECONOMIC DISCOURSE: Interest, exchange rates, others sustain pressures on businesses, households — ASBON boss
By Emeka Anaeto, Business Editor Inflationary pressures coupled with foreign exchange volatility, and high interest rates have continued to strain businesses and households in Nigeria. Stating these at the backdrop of the upcoming Vanguard Economic Discourse, Dr. Femi Egbesola, President, Association of Small Business Owners of Nigeria (ASBON), added that amongst the key macroeconomic headwinds […]
