Naira depreciates to N1,745/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday depreciated to N1,745 per dollar in the parallel market from N1,740 per dollar on Wednesday. But the Naira appreciated to N1,658.67 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,658.67 per dollar from N1,687.52 […]
Economic crisis: Stakeholders brainstorm on survival options for workers
“Many workers in the informal sector have been forced into low-paying and unstable jobs, with underemployment rates also rising”
No food, no fuel, no power, no forex, no hope
By Dele Sobowale “An army marches on its stomach.” — Napoleon Bonaparte, 1769-1821; Vanguard Book of Quotations, p. 14, available online Right now several millions of Nigerians’ stomachs are empty; and movement has virtually stopped. Unfortunately, it is not only the scarcity of food and high prices which are slowing us down, scarcity of all the things […]
How FG can end Nigerians’ hardship — Experts
Fiscal and monetary authorities must acknowledge that the agric sector holds the key to lower inflation, job opportunities and inclusive economic growth
Naira down to N1,625 in NAFEM
By Elizabeth Adegbesan The Naira depreciated to N1,625.88 per dollar yesterday in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,625.88 per dollar from N1,611.34 per dollar on Tuesday, indicating N14.54 depreciation for the naira. The volume of dollars traded (turnover) in the […]
Naira appreciates to N1,615 in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,615 per dollar in the parallel market from N1,620 per dollar on Wednesday. Similarly, the Naira yesterday appreciated to N1,593.93 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,593.93 per dollar from […]
Exploitative pricing: Traders get one-month notice to crash prices
The Federal Competition and Consumer Protection Commission, FCCPC, gave a month’s notice to traders and other market stakeholders involved in exploitative pricing to crash the prices of goods.
A’Ibom lady who fed her children poultry feeds, gets accommodation, other benefits
GRACE Udeme Emmanuel, the 22-year-old mother of four reported to be feeding her children chicken feeds in an Eket, Akwa Ibom state poultry where she works has been settled into a living home with more benefits lined up to improve her life and her children’s.
Prices of beans, tomato, yam rise above 200% in July
The prices of 1 kilogram (kg) of beans, tomatoes and 12 pieces of agric medium sized eggs rose above 200 percent year-on-year in July 2024.
Petrol price rises 28.35% to N770.54/ltr
The National Bureau of Statistics (NBS) disclosed this in its Premium Motor Spirit (Petrol) Price Watch for July 2024.
Harsh Economy: Drop in passenger traffic unsettles domestic airlines
Following the current economic crisis in Nigeria, domestic airlines are struggling with a sharp drop in passenger traffic.
