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 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.
Ballooning Operating Costs: NCC, stakeholders kick as telcos threaten service outage
‘Every other sector is going through same hard times. If the operators say they cannot provide quality services because of economic conditions, it is not strange. It is their strategy’
CBN eases FX pressure, sells $876.26m to end-users at N1,495/$
‘CBN undertook the sale of FX to end users through a Retail Dutch Auction System (rDAS) to reduce the demand pressure in the FX market, and promote price discovery on Tuesday, August 06’
FG spends $600m monthly on fuel importation – Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has disclosed that the country currently spends $600 million monthly on fuel imports.
