Fitch Predicts Naira to Depreciate to N1,993/USD by 2028

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Fitch Solutions has projected that the Nigerian naira will continue its decline, potentially reaching N1,993 per US dollar by 2028. ...

First Bank, Ecobank, 4 Others Generate N891bn from Loan to Customers in H1 of 2023

Nigerians Pay Down N4.05 Trillion in Personal Loans Amid Rising Interest Rates

by Stephen Akudike

November 6, 2024

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Nigerians reduced their personal loan debts significantly in the second quarter of 2024, repaying a total of N4.05 trillion and ...

PZ Cussons Announces Plan to Acquire Outstanding Shares of PZ Cussons Nigeria Plc

PZ Cussons Plans Africa Exit Amid Naira Depreciation

by Stephen Akudike

September 20, 2024

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PZ Cussons Plc, the parent company of PZ Cussons Nigeria, has announced plans to sell its African subsidiaries, citing the ...

NMDPRA inaugurates oil and gas industry service permit portal.

Naira Struggles as Oil Prices Drop Below $70 for the First Time Since 2021

by Akpan Edidong

September 11, 2024

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In a significant development for the global energy market, Brent crude oil prices have dipped below $70 per barrel for ...

Nigeria’s public debt stock grew to 2.84% in Q3 2022.

Public Debt Expected to Reach N130tn by Year-End: Afrinvest Report

by Victoria Attah

August 5, 2024

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Nigeria's public debt stock is projected to surge to N130 trillion by the end of 2024, according to a recent ...

Naira depreciates to N755/$ in the parallel market.

Naira Plummets to N1,611 per Dollar, Lowest Since March

by Stephen Akudike

July 30, 2024

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The exchange rate between the Nigerian naira and the US dollar fell to a four-month low of N1,611 on the ...

Naira Surges Against US Dollar, Falls Below N1,000 Mark

CBN Infuses $122.67 Million into Forex Market to Stabilize Naira

by Stephen Akudike

July 16, 2024

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The Central Bank of Nigeria (CBN) has taken decisive action to stabilize the foreign exchange market by injecting $122.67 million ...

CBN to convert unclaimed money in dormant accounts for up to 10 years into Treasury Bills.

CBN Releases $500 Million to Tackle Forex Transaction Backlog

by Stephen Akudike

January 29, 2024

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The Central Bank of Nigeria (CBN) has taken a significant step in addressing the backlog of verified foreign exchange transactions ...

Food inflation and energy costs have eroded global living standards – IMF

Nigeria’s Inflation Rate Climbs to 28.92% in December 2023: An In-Depth Analysis

by Stephen Akudike

January 15, 2024

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Nigeria, grappling with economic challenges, witnessed a surge in its inflation rate for December 2023, reaching 28.92%, according to the ...

Nigeria Economy bad for business, Qartar Airways to Stop Operation – VP Qatar Airways

by Akpan Edidong

December 27, 2023

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In a candid interview with ThisDay, Hendrik du Preez, Vice-President for Africa at Qatar Airways, addressed rumors surrounding the airline's ...

Tag: Nigeria economy