Just In: Naira Crashes Further Against Dollar To N425
The Naira has continued its slide against the dollar at the parallel market as the Nigerian currency exchanged for N425 against the dollar on Wednesday. According to abokifx.com, although a…
The Naira has continued its slide against the dollar at the parallel market as the Nigerian currency exchanged for N425 against the dollar on Wednesday. According to abokifx.com, although a…
The Naira has weakened against the dollar on the parallel market to N410 on Friday, as the coronavirus pandemic hit economic activities. Data gathered from AbokiFX revealed that trading of…
The Naira fell to 403 against the dollar at the parallel market on Monday. The CBN had on Friday adjusted the official forex price from N306 to N360 per dollar,…
The Managing Director, OCP Africa Fertilisers Nigeria Ltd, Mohamed Hettiti, says Nigeria continues to spend about $500m annually on the importation of palm oil while consumption is rising at about…
The non-oil sector added N18.04 trillion to Nigeria’s GDP in the Fourth Quarter of 2019, representing 92% of total GDP of N19.5 trillion. The 2.55% growth in the Q4 of…
Central Bank of Nigeria’s reserves data shows that the country’s external reserves have dropped by $1.51 billion within 45 days. The data was analysed based on the movement of the…
The Chief Executive Officer of Economic Associates Ltd, Dr. Ayo Teriba, has said that Nigeria cannot cover its huge revenue shortfall by accumulating debts from foreign institutions. Nigeria’s external debt…
Business confidence in the economy dropped to 28.3 index points in January 2020. This represents a decline of 2.0 index points when compared to 30.3 index points in December 2019,…
The Federal Government has set up a committee to work out modalities on the exploitation and exploration of bitumen resource, as part of the administration’s efforts to diversify the economy.…
Pound Sterling slid one percent versus the dollar on Monday, hit by worries over post-Brexit trade deal negotiations following Britain’s exit from the European Union, dealers said. Shortly after 1000…