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.
New CBN interest rate’ll increase unemployment – Small business owners
“We may begin to see more ailing or comatose businesses. Our competitiveness… will be further be challenged as made-in-Nigeria products will be naturally more expensive than before”
Fuel subsidy removal poses risk to external reserve growth – CBN
“Lower crude oil earnings, fuel subsidy removal, rising import bills, and increased external debt servicing obligations could pose downside risks for the accretion to external reserves”
Inflation drops to 32.15%
The rise in food inflation on a year-on-year basis was caused by increases in prices of bread, maize grains, guinea corn, yam, Irish potatoes, water yam, cassava, palm oil, vegetable, Ovaltine, Milo, Lipton, etc
Only market-determined petrol pricing can unlock Nigeria’s potential
In a re-enactment of public reaction every time the pump price of Premium Motor Spirit (PMS) increases, the Nigerian public space has been thrown into turmoil over the latest hike in price
How FG can end Nigerians’ hardship — Experts
Fiscal and monetary authorities must acknowledge that the agric sector holds the key to lower inflation, job opportunities and inclusive economic growth
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 last weekend. However, the Naira yesterday appreciated to N1,585.77 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,585.77 per dollar from […]
Naira appreciates to N1,615 in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,615 per dollar in the parallel market from N1,620 per dollar on Wednesday. Similarly, the Naira yesterday appreciated to N1,593.93 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,593.93 per dollar from […]
A’Ibom lady who fed her children poultry feeds, gets accommodation, other benefits
GRACE Udeme Emmanuel, the 22-year-old mother of four reported to be feeding her children chicken feeds in an Eket, Akwa Ibom state poultry where she works has been settled into a living home with more benefits lined up to improve her life and her children’s.
Naira down to N1,610/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday depreciated to N1, 610 per dollar in the parallel market from N1,600 per dollar on Monday. Similarly, the Naira depreciated to N1,592.06 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,592.06 per dollar from […]
Petrol price rises 28.35% to N770.54/ltr
The National Bureau of Statistics (NBS) disclosed this in its Premium Motor Spirit (Petrol) Price Watch for July 2024.
