Nigeria’s net forex reserves rises 479% to $23bn — CBN
•Strongest in over 3 yrs By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) yesterday said that the nation’s Net Foreign Exchange Reserve (NFER) rose by 479 per cent to $23.11 billion in 2024 from $3.99 billion in 2023. The CBN disclosed this in a statement explaining that the increase reflected a substantial […]
Excessive taxes hurting aviation sector, pushing Nigerian airfares beyond reach
“I think there are over 37 of them. There are too many. It has really affected our operations and taken all the gains we are supposed to make”
Naira appreciates to N1,660/$ 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 […]
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 […]
