Naira appreciates to N1,700 in parallel market
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 […]
Nigerians shun bread, pastries as prices continue to soar
Some consumers of confectionaries in Bwari Area Council of the FCT, have stopped buying bread, meat pies and other pastries, due to continuous hike in price of the commodities.
Economy faces threats with 1.4m bpd crude output
THE outlook for Nigeria’s oil output, including condensate, remains gloomy at 1.4 million barrels per day, mbpd, in the second half of 2024, according to industry data and forecast.
NIGERIA 2024 HALF YEAR SUMMARY: What we told you!
By Dr Dele Sobowale “To know that which before us lies in daily life is the prime wisdom. What is more is fume. John Milton, 1608-1674. VANGUARD BOOK OF QUOTATIONS, VBQ p 275. For the last three years, 2022, 2023 and 2024, the Weekend Editor has asked me to write an article on the last […]
Cartoon: Hope deflated by inflation
Cartoon: Hope deflated by inflation
Insurers’ assets hit N3.3trn as premium income rises by 51%
insurance companies were able to grow their total assets by 36.9 per cent year-on-year, YoY, to N3.3 trillion in Q1’24 from N2.4 trillion in the corresponding period of Q1’23
Headline inflation rate rises 34.19% in June
Headline inflation rate increased by 0.24 percentage points to 34.19 percent in June from 33.95 percent in May.
Poor economy: More Nigerians ditch paid jobs, open petty businesses
“Resign and start your own business” is now a buzzword and many Nigerians are keying into the trend. Massive resignations are the order of the day
Pharmaceutical multinationals left Nigeria because of forex scarcity, says PMG-MAN
They attributed fluctuations in forex as major reason for the exit of some pharmaceutical multinationals from Nigeria.
Consumer spending down as Nigerians remain gloomy on economy
increasing weight of unfavourable economic condition owing to weakening purchasing power has moved Nigerians into a state o…
Naira depreciates to N1, 520/$ in parallel market
The Naira yesterday depreciated in the parallel market to N1,520 per dollar from N1,515 per dollar on Tuesday.
Eurozone inflation dips to 2.5% in June
Yearly inflation in the Eurozone dropped to 2.5 per cent in June, down from 2.6 per cent in May, according to preliminary data published by Eurostat on Tuesday.
Mr & Mrs: Nigerian men drowned by renewed hope
Mr & Mrs: Nigerian men drowned by renewed hope
Naira depreciates to N1,510/$ in parallel market
The Naira yesterday depreciated in the parallel market to N1,510 per dollar from N1,500 per dollar on Tuesday.
Explore innovative solutions to battle inflation, Okafor advises FG
A cryptocurrency expert, JC Okafor has sent crucial advice to the Tinubu-led administration to tackle growing inflation with crypto technology.
Naira down to N1,505/$ in parallel market
The Naira yesterday depreciated in the parallel market to N1,505 per dollar from N1,495 per dollar last weekend. Similarly, the Naira depreciated to N1,490.2 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
