Naira down to N1,565/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday depreciated to N1,565 per dollar in the parallel market from N1,555 per dollar on Monday. But the naira appreciated to N1,533.5 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira fell to […]
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.
FG bans export of crude oil allocated to domestic refineries
Oil prices, including Nigeria’s Bonny Light, rose on Monday after U.S. President Donald Trump imposed tariffs
CBN is positioning banks for $1trn economy – Cardoso
“As we shift from unorthodox to orthodox monetary policy, the CBN remains committed to restoring confidence
Naira rises to N1,630/$ in parallel market
The Naira yesterday appreciated to N1,630 per dollar in the parallel market from N1,640 per dollar on Tuesday. Similarly, the Naira appreciated to N1,507 per dollar in the official foreign exchange market.
Cartoon: Stop crying, say ‘My Minimum Wage hope is renewed’
Cartoon: Say ‘Cheese, my hope is renewed’
Naira appreciates to N1,640/$ in parallel market
The Naira today appreciated to N1,640 per dollar in the parallel market from N1,655 per dollar on Monday
Cartoon: This charm is powerful
Vanguard News
Excessive taxes hurting aviation sector, pushing Nigerian airfares beyond reach
“I think there are over 37 of them. There are too many. It has really affected our operations and taken all the gains we are supposed to make”
Naira appreciates to N1,660/$ in parallel market
The Naira today appreciated to N1,660 per dollar in the parallel market from N1,665 per dollar on Thursday.
‘Inflation has increased,’ Wale Edun supports 50% telecoms tariff hike
While the telecoms firms say the increase ought to be higher than 50 per cent, labour unions and the National Association of Telecommunications Subscribers
Inflation rises to 34.8% as festive period drives up demand
•Analysts projects lower inflation for January •CPPE calls for pause in monetary policy tightening By Babajide Komolafe & Elizabeth Adegbesan Nigeria’s inflation rate rose to 34.8 per cent in December from 34.6 per cent in November driven by festive period rise in demand for goods and service. The National Bureau of Statistics, NBS, disclosed this in […]
