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.
Fitch upgrades Nigeria’s credit outlook
The upgrade was based on foreign exchange liberalization, fuel subsidy removal and recent electricity tariffs hike
Cartoon: ‘Fellow Nigerians, let’s go for break’
Cartoon: ‘Fellow Nigerians, let’s go for break’
Cartoon: The more you hear or see, the less…
Cartoon: The more you hear or see, the less…
Cartoon: Who’s controlling this child called Dollar?
Cartoon: Who’s controlling this child called Dollar?
Mr & Mrs: With money, he’s a star
Mr & Mrs: With money, he’s a star
Govt’ll clampdown on traders inflating commodity prices — FG
“While the FCCPC cannot directly regulate prices, the Commission will utilise its existing legal framework to enforce fair competition and consumer protection provisions.”
Food Crisis: Address factors disrupting supply chain, NECA tells FG
“Of particular concern is the spike in food inflation, which climbed to 40.01 percent in March 2024 from 37.72 percent in February”
Cartoon: ‘Your Excellency, how long will this dance last?’
Cartoon: ‘Your Excellency, how long will this dance last?’
Updated: Nigeria’s inflation rate hits 33.2% in March
According to the National Bureau of Statistics, NBS, data, Nigeria’s inflation rate increased to 33.2% for March 2024. It was 32.7% last month
Don’t worry, we’ll bring inflation down – Tinubu tells Nigerians
“Don’t worry about that. Yes, we know we have the challenge of inflation – it’s okay, we will bring it down. We are reengineering our revenue, it is getting better, and we are taking our sovereignty and respect back around the world – not that we have to go there and hire them to do the job for us, we are doing it ourselves.”
Nigerian Breweries to raise N600bn capital through rights issue
Nigerian Breweries, NB Plc, has concluded arrangement to raise capital through rights issue.
Global warming to raise food prices, inflation – study
Global warming and heatwaves are expected to further increase food prices and overall inflation across the world in future, according to new research from scientists and the European Central Bank.
Cartoon: ‘Fellow Nigerians, let’s go for gari break’
Cartoon: ‘Fellow Nigerians, let’s go for gari break’
Inflation in Nigeria: Beyond the numbers
By Elvis Eromosele I was in Ikotun market weekend shopping for groceries with Madam. While it was coated in romantic garbs: ‘continuation of valentine’, the aim was surreptitiously to see where one’s money was entering in these times. A lady buying tomatoes just ahead of us, priced (haggled) up and down and finally exclaimed: “We […]
Inflation: Suffering becoming unbearable for Nigerians – CAN tells FG
“The suffering in the country is becoming unbearable for ordinary Nigerians. The high cost of foodstuffs, transportation, goods, and services has made life difficult for many Nigerians.”
