Naira Gains At Parallel Market To N1,165/$
The Naira strengthened to N1,165 against the dollar in the parallel market yesterday, up from N1,167 on Wednesday. However, it weakened to N832.32 per dollar...
Category : Business
Nigerians Uninterested In Budgetary Arithmetic If Bread, Rice Prices Don’t Decrease- Rewane
Bismarck Rewane, a respected economist, emphasized that Nigerians prioritize the decrease in prices of essential goods such as rice, bread, and garri over budgetary figures....
NDIC Collaborates With EFCC To Avert Bank Failures
The Nigeria Deposit Insurance Corporation (NDIC) announced the establishment of a specialized unit within the Economic and Financial Crimes Commission (EFCC) to investigate and prosecute...
Supreme Court Okays Indefinite Use Of Old, New Naira Notes
The Supreme Court has determined that both the old and redesigned Naira banknotes will continue as legal tenders in Nigeria past December 31. This decision...
Again, Naira Depreciates Against US Dollar At Forex Market
The Nigerian currency, the Naira, faced further devaluation against the US Dollar on Tuesday in both the official and parallel foreign exchange markets. Official data...
Naira Depreciates Against Dollar At Forex Market
The Naira, Nigeria’s currency, experienced a depreciation against the US Dollar on Monday in the foreign exchange market. According to official data from FMDQ, the...
FG Intervenes In High Price Of Cooking Gas
The soaring cost of cooking gas in the nation prompted the Federal Government’s intervention. Minister Ekperikpe Ekpo stressed the need for solutions to overcome domestic...
Nigeria Lost $1.4bn In 8 Years Over CBN’s Ban On 43 Items- Cardoso
The Governor of Nigeria’s Central Bank, Olayemi Cardoso, revealed at the 58th Annual Bankers’ Dinner that Nigeria suffered a $1.4 billion loss over eight years...
Naira Appreciates Against Dollar At FOREX Market
On Friday, Nigeria’s currency, the Naira, showed strength against the US Dollar in the foreign exchange market. According to official data from FMDQ, the Naira...
Nigeria’s GDP Grew By 2.54% In Third Quarter- NBS
The National Bureau of Statistics revealed that Nigeria experienced a 2.54% year-on-year increase in its Gross Domestic Product in real terms during the third quarter...