Nigeria’s inflation rate eases for 5th consecutive month, down to 20.12% in August
'In August 2025, the headline inflation rate eased to 20.12 percent relative to the July 2025 headline inflation rate of 21.88 percent'
Naira rises to N1,560/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1, 560 per dollar in the parallel market from N1,570 per dollar on Wednesday. But the Naira depreciated to N1,540 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira […]
Naira depreciates to N1,585/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday depreciated to N1, 585 per dollar in the parallel market from N1,580 per dollar last weekend. But the Naira appreciated to N1,533 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira […]
Inflation: Manufacturers record 90.6% rise in cost of sales
Nigeria’s manufacturers are counting their losses to the drastic macroeconomic changes being executed by the Federal Government, FG.
Naira appreciates N1,590/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1, 590 per dollar in the parallel market from N1,600 per dollar last weekend. However, the Naira depreciated to N1,549 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira […]
Global trade war: Naira value depreciates amid forex outflows
THE uncertainty caused by the ongoing tariff war between the United States and some countries have triggered the exit of foreign exchange outflow from Nigeria
High interest rates, inflation threaten Nigerian airlines — Bi-Courtney COO
Chief Operating Officer of Bi-Courtney Aviation Services Limited, Mr Remi Jibodu, has said Nigerian airlines will struggle to make profit despite implementation of the Cape Town Convention Practice Direction.
Rebased inflation rate doesn’t reflect actual drop in prices – LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has said that the drop in inflation rate for January as reported by the National Bureau of Statistics (NBS) is only a reflection of different measurement and not an actual drop in prices.
Nigeria’s inflation rate falls from 34.8% to 24.48% after rebasing CPI
NBS also said that the food inflation rate fell to 26.08 per cent in January 2025 from 39.84 per cent in December 2024.
Cartoon: Between ‘Chopocracy’ and ‘Lootocracy’
Vanguard News
Naira appreciates to N1,560/$ in parallel market
Consequently, the margin between the parallel market and NFEM rate widened to N57.5 per dollar from 88 kobo per dollar on Thursday.
