Naira appreciates to N1,700 in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,700 per dollar in the parallel market from N1,705 per dollar on Monday.Similarly, the Naira depreciated to N1,669.15 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,669.15 per dollar from N1,541.94 per […]
Inflation: Households struggle to cope with galloping food prices
…Embrace alternatives for survival …Use mushroom as substitute for meat lTraders blame crisis on insecurity lFG reiterates commitment to food security By Yinka Kolawole, Elizabeth Adegbesan, Cynthia Alo & Mariam Adebukola The astronomical surge in food prices has forced many Nigerian households to adopt various coping mechanisms to survive, a survey by Financial Vanguard has […]
Households now grind millet, bake bread to avoid cut-throat market prices
As prices of commodities continue to soar in Nigeria, households have designed strategies to feed without getting stuck with market price vicissitudes.
Mr & Mrs: Economy measured by quality of jollof rice
Mr & Mrs: Economy measured by quality of jollof rice
50% levy does not affect Nigerians, but banks for Forex gains, FG, NASS
THE Federal Government and the National Assembly have said that the proposed Finance (Amendment) Bill, 2024 is not a levy on Nigerians, but on Banks for Forex gains.
Nigerians shun bread, pastries as prices continue to soar
Some consumers of confectionaries in Bwari Area Council of the FCT, have stopped buying bread, meat pies and other pastries, due to continuous hike in price of the commodities.
Mixed sentiments trail equity market, as investors await CBN’s MPR
Mixed sentiments trailed the equity market last week as investors await the outcome of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting
NIGERIA 2024 HALF YEAR SUMMARY: What we told you!
By Dr Dele Sobowale “To know that which before us lies in daily life is the prime wisdom. What is more is fume. John Milton, 1608-1674. VANGUARD BOOK OF QUOTATIONS, VBQ p 275. For the last three years, 2022, 2023 and 2024, the Weekend Editor has asked me to write an article on the last […]
IMF downgrades forecast for Nigeria’s economic growth to 3.1%
NBS data showed that Nigeria’s GDP growth dropped, quarter-on-quarter, QoQ to 2.98 per cent in the Q1’24 from 3.46 per cent
Headline inflation rate rises 34.19% in June
Headline inflation rate increased by 0.24 percentage points to 34.19 percent in June from 33.95 percent in May.
Pharmaceutical multinationals left Nigeria because of forex scarcity, says PMG-MAN
They attributed fluctuations in forex as major reason for the exit of some pharmaceutical multinationals from Nigeria.
Naira depreciates to N1, 520/$ in parallel market
The Naira yesterday depreciated in the parallel market to N1,520 per dollar from N1,515 per dollar on Tuesday.
Forex: Turnover in NAFEM rises 74% to $22.88 bn in H1’24
The volume of dollars traded (turnover) in the Nigerian Foreign Exchange Market, NAFEM, rose year-on-year (YoY) by 74 percent…
Naira depreciates to N1,510/$ in parallel market
The Naira yesterday depreciated in the parallel market to N1,510 per dollar from N1,500 per dollar on Tuesday.
Naira down to N1,505/$ in parallel market
The Naira yesterday depreciated in the parallel market to N1,505 per dollar from N1,495 per dollar last weekend. Similarly, the Naira depreciated to N1,490.2 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Rising cost of tomato: Households adopt weird alternatives to make stew
For Mrs. Gladys Maxwell, a tailor, she made use of N1,000 cucumber to complement her yam and rice sauce, after watching a presentation of such online.
