Naira Climbs 0.59% to N1,659.26, Narrowing Exchange Rate Gap to N6
Samuel Mobolaji The naira climbed by 0.59 per cent to N1,659.26 against the US dollar...
Finance & Economy
CBN Cut OMO Bill Interest Rate to 24.32% Amid High Inflation Pressures
Samuel Mobolaji The Central Bank of Nigeria (CBN) has reduced the interest rate on its...
AFEX Explores Commodities Market Through Innovative Financing Models
Samuel Mobolaji Ahead of the 2024 local harvest season, AFEX, has reiterated the importance...
Naira Plunges by 8.25% Amid Escalating FX Crises
Samuel Mobolaji The naira saw a sharp depreciation in the official market, dropping by 8.25...
Century-Long Evolution: How Nigeria’s Motoring Industry Fuels Economic Growth and Innovation
The government also offered incentives to encourage vehicle owners to convert from petrol to CNG....
LCCI Calls for Emergency Measures to Curb Inflation, Interest Rates
The Lagos Chamber of Commerce and Industry (LCCI) has called for urgent action to address...
Naira Weakens Further at Parallel Market to N1,685/$
Samuel Mobolaji The value of the naira yesterday weakened further at the parallel market despite...
Inflation Cripples Nigeria’s Construction Sector as Developers Struggle to Keep Projects Afloat
Samuel Mobolaji The construction industry in Nigeria is slowing down as developers and contractors...
How CBN’s Monetary Rates Hike Threaten Investment, Business Survival
…Raises benchmark interest rate to 27.25%, CRR 50% Samuel Mobolaji Nigeria’s economic recovery hopes suffered...
NASS Launches Joint Probe into Economic Sabotage in Petroleum Sector
The majority leader of the Senate, Senator Opeyemi Bamidele has announced that the investigation into...
