Naira depreciates to N1,610/$ in official market
Yesterday, the Naira fell to N1,610 per dollar in the parallel market, down from N1,600 per dollar last Friday. Similarly,...
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Decline in forex outflow drives up net inflow to $4.46bn
Net foreign exchange inflows into the economy increased by 18.6% month on month to $4.46 billion in April 2024 from...
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Domestic air fare rises 25% to N98,561 in July
According to the National Bureau of Statistics (NBS), domestic air fare increased by 25% year on year (YoY) to N98,561.74...
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Nigeria’s GDP rises to 3.19% in Q2’24 – NBS
Nigeria's GDP increased by 0.21 percentage points to 3.19 percent in the second quarter of 2024 (Q2'24), from 2.98 percent...
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Mixed sentiments linger as profit taking cuts YtD growth to 28.4%
The gloomy feeling on the Nigerian Exchange, NGX, remained last week amid profit taking, lowering the stock market's Year to...
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China contributes 30% of global manufacturing value — REPORT
According to a forecast published by China Briefing, a regional Asian journal, China will account for roughly 30% of global...
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Naira stable at N1,600/$ in parallel market
On Thursday, the naira stabilised at N1,600 per dollar in the parallel market. However, the naira appreciated to N1,570.14 per...
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Price of cooking gas rises 8.3% to N1,300/kg
The price of Liquefied Petroleum Gas, or cooking gas, has risen to N1,300/Kg this month, up 8.3 percent month on...
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Diaspora remittances rise 130% to $553m – CBN
The Central Bank of Nigeria (CBN) announced today that diaspora remittances climbed by 130 percent year on year to $553...
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MTN and Other Firms Secure Electricity Generation Permits
The Nigerian Electricity Regulatory Commission (NERC) has granted permits to Golden Penny Power Limited, MTN Communications Nigeria Limited, Havenhill Synergy,...
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