By Elizabeth Adegbesan The Naira yesterday appreciated to N1,720 per dollar in the parallel market from N1,725 per dollar on Monday Similarly , the Naira appreciated to N1,671.32 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,671.32 per dollar from […]

“With the reforms that are being taken right now, it will put Nigeria in a far better position to see the increase on the growth side”

By Elizabeth Adegbesan The Naira yesterday appreciated to N1,730 per dollar in the parallel market from N1,740 per dollar last weekend. However, the Naira depreciated to N1,670.65 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,670.65 per dollar from N1,600 […]

Cartoon: Moving from ‘Change’ to ‘Renewed Hope’ is expensive

By Elizabeth Adegbesan The price of a bag (50 kg) local rice rose year-on-year, YoY, by 152.9 percent to N95,738 in September 2024 from N37,853 in September 2023. Data from the National Bureau of Statistics, NBS, ‘Selected Food Price Watch’ for September 2024 showed that the price of 1 kilogram (Kg) of local rice stood at […]

A recent CEO survey conducted by Africa Practice has revealed that 46 percent of African businesses are experiencing revenue declines due to inflation and macroeconomic pressures.

By Elizabeth Adegbesan However, the Naira yesterday appreciated to N1,715 per dollar in the parallel market from N1,725 per dollar last weekend. However, the Naira yesterday depreciated to N1,603.16 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,603.16 per dollar […]

It reverses a two-month consecutive decline to 32.15% in August. The reversal was driven by a surge in the month-on-month food inflation to 2.64% from 2.37%

The Federal Government has announced plans to invest 2 billion dollars to deploy a 90,000-kilometre fibre optic project in the country. The project is designed to expand Nigeria’s fibre optic cable capacity from 35,000km to 125,000km, to boost the terrestrial fibre optic backbone in. The Minister of Communications, Innovation & Digital Economy, Bosun Tijani, stated […]

There are indications  that prices of bread and other flour based food items would continue to rise as bakers and flour millers said there is no end in sight for solutions to the key drivers of the cost in the sector.

The manufacturing sector in Nigeria is facing existential threats with the escalating costs of energy, amongst other binding constraints, driving up production and logistics costs thus putting the sector on the brink of collapse.

By Elizabeth Adegbesan The Naira yesterday appreciated to N1,700 per dollar in the parallel market from N1,705 per dollar on Monday.Similarly, the Naira depreciated to N1,669.15 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,669.15 per dollar from N1,541.94 per […]

Cartoon: Securing bag of gari’s independence is vital

The rise in food inflation on a year-on-year basis was caused by increases in prices of bread, maize grains, guinea corn, yam, Irish potatoes, water yam, cassava, palm oil, vegetable, Ovaltine, Milo, Lipton, etc

“Many workers in the informal sector have been forced into low-paying and unstable jobs, with underemployment rates also rising”