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 […]
‘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 […]
Investors lose N2. 05 trn in 3 days amid profit taking
By Peter Egwuatu Investors lost N2.05 trillion in three days on the NGX due to profit-taking activities which continued, yesterday, in the Nigerian stock market. The market capitalisation, which represents the total value of equity listed the Nigerian Exchange, NGX, declined to N64.256 trillion on Wednesday from N64.302 trillion on Monday. In the same vein, another […]
Naira depreciates to N1,660/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday depreciated to N1,660 per dollar in the parallel market from N1,655 per dollar on Monday. But, the Naira appreciated to N1,549 per dollar in the official foreign exchange market. Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) […]
Naira appreciates to N1,655/$ in parallel market
By Elizabeth Adegbesan THE Naira yesterday appreciated to N1,655 per dollar in the parallel market from N1,665 per dollar last weekend. But, the Naira depreciated to N1,550 per dollar in the official foreign exchange market. Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the Nigerian Foreign Exchange Market […]
