SB Morgen (SBM) Intelligence, a geopolitical research firm, has highlighted persistent challenges to food security in West Africa, including conflicts in food-producing regions, climate change, and pest infestations. In its ...
Guinness Nigeria Plc has reported a pre-tax loss of N73.6 billion for the financial year ending June 30, 2024, mainly due to forex devaluation. The company’s full-year earnings reveal continued ...
The Central Bank of Nigeria (CBN) announced that it sold $148 million in foreign exchange to 29 authorized dealer banks over a two-day period on July 22 and 23, 2024. ...
On the Nigerian Autonomous Foreign Exchange Market, or NAFEM, the value of the Naira fell to N1,603.8 per dollar yesterday. The indicative exchange rate for NAFEM increased to N1,603.8 per ...
Yesterday, the International Monetary Fund revised its 2024 economic growth forecast for Nigeria downward to 3.1 percent, citing weaker growth in the first quarter of the year, Q1'24. This updated ...
Nigeria's imports of manufactured products increased dramatically to N5.4 trillion in the first quarter of 2024 (Q1'24) from N2.40 trillion in the same period in 2023 (Q1'23), a year-over-year (YoY) ...
The naira started Friday's session on a downward trajectory against the British pound sterling, surpassing the N2,000 mark. Meanwhile, the pound hit a four-month high against the US dollar, driven ...
A recent survey by the National Bureau of Statistics (NBS) highlights the pervasive issue of bribery among Nigerian officials, revealing that citizens paid an estimated ₦721 billion (approximately $1.26 billion) ...
On Wednesday, the Nigerian Customs Service declared that it will not think twice about continuing to combat the illicit operations of petroleum product traffickers. The comments were made by Khamal ...
In the parallel market yesterday, the value of the Naira increased from N1,560 per dollar on Wednesday to N1,550 per dollar. In a similar vein, the value of the Naira ...
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