The prices of various food items, including beef, rice, beans, onion, and yam, have increased in September, according to the National Bureau of Statistics (NBS). The NBS released its Selected Food Prices Watch report for September 2023 in Abuja on…
The National Association of Small and Medium Enterprises (NASME) and the United Nations Industrial Development Organisation (UNIDO) ITPO in Nigeria, have collaborated to boost small businesses in West Africa. The organisations said this in a communiqué issued at the end…
The Central Bank of Nigeria’s (CBN) unsettled Foreign Exchange (FX) forward contracts have become a cause for concern among analysts in the financial service sector. The persistent delays in delivering the promised foreign currency have not only worsened investor confidence…
By Sodiq Adelakun On Friday, October 27, the Nigerian Naira gained ground against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) amid growing expectations that a much-needed boost in liquidity is on the horizon. According to reports,…
By Sodiq Adelakun The naira experienced a further decline on Wednesday, with its value against the dollar dropping to N1,300 compared to the previous day’s rate of N1,250 in the parallel market. Meanwhile, the British pound was being traded at…
The Nigerian government’s efforts to boost revenue will help reduce its loan-service ratio by almost a half in the medium-term, the head of the nation’s Debt Management Office said. President Bola Tinubu’s government is targeting revenue growth to help fund…
By Sodiq Adelakun The country’s total money supply (M2) increased to N66.4 trillion in September 2023, according to data released by the Central Bank of Nigeria. M2 represents the total amount of money available in the economy at a given…
All is now set for the Fidelity International Trade and Creative Connect (FITCC) billed for Houston, Texas in the United States of America. Labeled as FITCC Houston, the second edition of the international expo will take place from the 24th…
Mobil Producing Nigeria Unlimited, on Wednesday, withdrew the suit it filed against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). This followed the presidential policy directives that strengthened Nigerian Upstream Petroleum Regulatory Commission (NUPRC)’s power to approve and regulate…
By Sodiq Adelakun The Naira has hit a record low of N1,235 per dollar on the parallel market, also known as the black market, due to strong demand. This represents a 2.06 percent (N25) decrease from the previous day’s rate…
