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 […]
2024 go with your pain
In Ibadan, on Wednesday December 18, 35 people died because of a stampede – most of them were children
Naira depreciates to N1,660/$ in parallel market
The Naira on Friday depreciated to N1,660 per dollar in the parallel market from N1,650per dollar on Thursday.
Yuletide: CBN grants BDCs temporary access to buy $25,000 weekly
This temporary arrangement, designed to meet the increased demand for foreign exchange during the festive season, will run from December 19, 2024, to January 30, 2025.
Businesses see naira depreciating this month – CBN Report
Nigerian businesses, while expressing optimism about the macroeconomic environment, have projected further depreciation of the naira this month and the first three months of 2025.
Old, new naira notes remain legal tender – CBN
The Central Bank of Nigeria (CBN) says all denominations of Naira banknotes currently in circulation remain indefinitely valid as legal tender and cannot expire or be phased out.
