Naira depreciates to N775/$ in the parallel market.
The exchange rate between the naira and the US dollar traded for an average of N775/$1 on Thursday, 16 February...
Food inflation increases by 7.19% year-on-year basis.
The food inflation rate in January 2023 was 24.32% on a year-on-year basis, which was 7.19% points higher compared to...
The importance of KYC in a financial institution.
Most financial institutions in Nigeria have been ignoring the Know Your Customer (KYC) procedures for far too long, and it...
NESG launches diagnostic report on Nigeria’s mining sector.
The Nigerian Economic Summit Group (NESG) and the Ford Foundation launched a diagnostic report on Tuesday, February 14, 2023, on...
Buhari extends validity of old 200 naira notes till April 10
President Muhammadu Buhari has ordered the extension of the validity of old 200 naira notes by 60 days. This information...
Nigeria to suffer drop in oil demand as EU plans to Ban Petrol, Diesel Vehicles by 2035.
Nigeria and other major oil-producing countries could lose major markets in Europe after the European Parliament approved a law to...
Supreme Court Adjourns naira redesign policy for February 22
The supreme court of Nigeria has adjourned the redesign policy case till February 22. The court adjourned after nine other...
New naira scarcity may worsen consumer spending – Fitch
Fitch Ratings, a global rating agency, has said that the demonetisation drive by the Central Bank of Nigeria will likely...
Inflation increased to 21.84% in January 2023.
Nigeria’s inflation soared to 21.82% in January 2023 amid the redesign of the naira by the Central Bank of Nigeria....
Naira depreciates to N762/$ in the parallel market.
The exchange rate between the naira and the US dollar traded for an average of N762/$1 on Wednesday, 15 February...
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