Category: Economy

Nigeria, others most affected by high food inflation – W’Bank

The World Bank has revealed that domestic food price inflation has had the greatest impact on...

Naira drops 11.4% to N927/$1 on official market

The Nigerian Autonomous Foreign Exchange Market, the official FX window, saw a 11.4 per cent...

GDP experiences slow growth, climbs 2.54% in Q3 – NBS

The National Bureau of Statistics has stated that Nigeria’s GDP grew slightly in real terms during...

Edo’s GDP grows by 140% in seven years

The GDP of Edo State expanded by 140% in just seven years, from $10.6 billion...

Naira closes at N1,100/$ on parallel market 

This week, the naira’s value in the parallel market dropped by 15.79 percent, ending trading...

China’s slowing economy will affect Nigeria – IMF

The International Monetary Fund has revealed that Nigeria’s economic situation is expected to be impacted...

Naira falls further to N1,080 against dollar

The naira continued to fall against the dollar on Tuesday, dropping to N1,080/$ in the parallel...

BDC operators warn currency speculators as naira gains

The Nigerian Association of Bureau de Change Operators has cautioned currency speculators to be cautious...

CBN debunks naira redenomination plans

The Central Bank of Nigeria on Tuesday, refuted claims that it has plan to redenominate...

Naira falls to 801.1/$ at official market

The naira fell to the dollar by 1.1 per cent on the Investor & Exporter...

NGX All-Share Index grows 0.5% as stock market recovers

The All-Share Index increased by 0.5% to reach 67,217.77 points, marking the end of several days...

Debt service to revenue hits 183% in 2023 Q1 – FG

In the first quarter of 2023, the federal government’s debt service to revenue ratio increased...

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