Increased allocation: Muftwang tells Tinubu purchasing value of FAAC has decreased
By Juliet Umeh Plateau State Governor, Caleb Muftwang, said yesterday that though the monthly federal allocation disbursed to state governments had risen, the purchasing power and the real value of the money allocated has “decreased significantly” due to the inflationary pressure on the economy and the wobbling naira. The governor spoke against claims by President […]
Naira appreciates to N1,375/$ in parallel market
The Naira yesterday appreciated in the parallel market to N1,375 per dollar from N1,500 per dollar on Tuesday.
Naira down to N1,525/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday depreciated in the parallel market to N1,525 per dollar from N1,520 per dollar last weekend. However, the Naira appreciated to N1,339.33 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,339.33 per dollar from N1,482.81 […]
Our plans for fintechs – CBN
Cardoso stated that despite the increase in regulatory guidelines for the sector, no Fintech has had its licence revoked by the CBN.
Inflation Battle: ‘There’s no magic wand, but…’ – Cardoso, CBN Gov
Cardoso noted that despite pressure from food inflation, the general inflation rate was “moderating”, pointing out that “the tools the Central Bank is using are working”
Naira appreciates to N1,470/$ in parallel market
The Naira yesterday appreciated in the parallel market to N1,470 per dollar from N1,475 per dollar on Monday.
