Foreign inflow: NGX recorded a continued drop that extended to April – Report
NIGERIA, May 29 – The Nigerian Exchange Limited (NGX) has reported drop in the value of foreign inflow by 19.14 % for month-on...
Economy
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Cement manufacturers give conditions to drop hike in the product price
NIGERIA, Feb.. 20 – Cement Manufacturers have agreed to sell a 50kg bag of cement at the rate of N7,000 and N8,000 at a retail...
Manufacturers, MSMEs to benefit from N200bn to be disburse by BOI
NIGERIA, Feb. 9 – The Bank of Industry (BOI) has stated that it will be disbursing three categories of funding amounting to N2...
Manufacturers to hike general price of commodities as Naira fall continued
NIGERIA, Jan. 29 – Nigeria Manufacturers have foretold fresh hikes in the prices of commodities in the market as the consequen...
Nigeria likely to loose more Multinationals in 2024 – Report
NIGERIA, Jan 12 – A new report by a financial solutions firm, Cardinal Stone has it that multinational firms in the Fast Movin...
UN Forecast Decline in Nigeria’s economic growth in 2024
NIGERIA, Jan. 8 – The United Nations (UN) has stated that the rising debt of Nigeria, increasing consumers price index (inflat...
Naira scarcity Persist, traders ration cash as POS operators blame Banks for double standard
NIGERIA, Jan. 2 – Nigeria’s current cash scarcity is biting hard on people in the remote parts of the country. Some rural farm...
E-Naira grew by 284%, as the notes decline to N2.7tn – CBN
NIGERIA, Dec. 29 – The Central Bank of Nigeria (CBN) revealed that the volume of e-Naira in circulation grew by 284.6 % to N9....
Naira drops further to 1,233/dollar at parallel market
NIGERIA, Dec 26 – The Naira struggles for survival as pressure intensify on the currency of Africa’s biggest economy. The na...
Nigeria’s Inflation Rate Increased by 0.9% in November to 28.2% – NBS
NIGERIA, Dec. 18 – The annual inflation rate of Nigeria has risen for the 11th consecutive months in a row, taking the value f...