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Naira Falls Below ₦1,650/$ as FX Market Faces Persistent Challenges
The Nigerian naira has hit a multi-week low, failing to sustain its ₦1,650/$ support level in the official market. At...
Foreign Exchange Crisis Drives Manufacturers Toward Local Raw Materials
The persistent scarcity of foreign exchange (FX) has compelled Nigerian manufacturers to increasingly source raw materials locally, according to a...
Bargain Hunting Boosts Nigerian Stock Market Amid Mixed Trading Activity
The Nigerian Exchange Limited (NGX) concluded last week on a positive note, driven by strong bargain-hunting activity that helped offset...
Nigeria Unveils $28 Billion Spending Plan for 2025 Budget
The Nigerian government has outlined plans for a 47 trillion naira ($28.18 billion) budget for 2025, focusing on economic growth...
Nigeria’s Inflation Climbs to 33.88% in October Amid Rising Food Prices
Nigeria's inflation rate increased for the second consecutive month in October, reaching 33.88% annually, up from 32.70% in September. The...
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