Browsing: Naira

The depreciation of the Nigerian naira fueled inflation surge in the country, though analysts are expecting moderation in consumer price index in the coming

Investors reacted negatively, trimmed their Nigerian treasury bills (NTB) holdings in the secondary market following successive spot rates cut at the Central Bank of Nigeria’s (CBN) primary market auction last week.

Inflation rate accelerated by 26 basis points in May to 33.95% due to higher food items prices in Nigeria amidst uncertainties, according to data released by statistics office. In its report, the National Bureau of Statistics (NBS) said that in May 2024, the headline inflation rate increased to 33.95% from 33.69% in April.

Gov. Babajide Sanwo-Olu on Friday inaugurated Lagos State Cybersecurity Advisory Board to

The Federal Government has inaugurated 350 additional Mine Marshals, as part of its efforts to

The Trade Modernisation Project (TMP) Ltd, will empower 2,500 personnel of the Nigeria Customs Service (NCS) with

Afreximbank and First Bank of Nigeria (FBN) have signed a 200 million dollar facility agreement for financing the

Equities investors gained about N53 billion on Friday as the Nigerian Exchange, NGX, recorded 32 risers, 17 decliners. Consequently, the All-Share Index rose by 0.09% to close at 99,925.88 points, with the year-to-date return of the index climbing to 33.64%.

The Nigerian local currency, the naira, closed the week on negative note as heavy forex demand continues to exert pressure on the exchange rate in the official window. Though there has been accretion into external reserves, the apex bank appears to have gone on holiday from conducting a US dollar sales auction.

Dr Doris Uzoka-Anite, Minister of Industry, Trade, and Investment (FMITI), says developing the African Caribbean l