inflation

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Naira now N1,300/$ in parallel market

By Elizabeth Adegbesan The naira yesterday appreciated to N1,300 per dollar in the parallel market from N1,305 per dollar on Wednesday . , However , the naira depreciated in the Nigerian Foreign Exchange Market (NAFEM) yesterday to N837.49 per dollar. Data from FMDQ showed that the indicative exchange rate for the I&E window rose to […]

Obasanjo urges FG to ban importation of adire from China, revive textile industry

Former President of Nigeria, Chief Olusegun Obasanjo, has urged the Federal Government to ban the importation of Chinese adire and also revive the textile industry in order to protect the local production of adire at a time when raw materials used in the production of adire, such as clothes, can no longer be locally sourced.

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