Exchange rate
Nigeria targets record fiscal deficit of N13 trillion in 2025, blames new minimum wage, pensions others
Business & Economy
November 17, 2024
Nigeria targets record fiscal deficit of N13 trillion in 2025, blames new minimum wage, pensions others
The Federal Government of Nigeria has projected a fiscal deficit of N13.08 trillion in 2025, an increase from the estimated…
Net forex inflow into Nigeria increases by $17 billion in Q2 2024
Business & Economy
November 6, 2024
Net forex inflow into Nigeria increases by $17 billion in Q2 2024
Nigeria recorded a significant increase in its net foreign exchange (forex) inflows in the second quarter of 2024, marking a…
Wale Edun addresses reports of FAAC disbursement leading to Naira depreciation
Business & Economy
October 22, 2024
Wale Edun addresses reports of FAAC disbursement leading to Naira depreciation
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has addressed reports credited to the Governor…
Nigeria attracts $55.5 billion in foreign investment since 2019: See the top 5 countries where it came from
Business & Economy
October 16, 2024
Nigeria attracts $55.5 billion in foreign investment since 2019: See the top 5 countries where it came from
Despite significant economic challenges, Nigeria has managed to attract a total of $55.5 billion in foreign capital between Q1 2019…
Nigeria’s earnings from crude oil export rise by 50.2% to N15.4 trillion in Q1 2024
Business & Economy
June 10, 2024
Nigeria’s earnings from crude oil export rise by 50.2% to N15.4 trillion in Q1 2024
The value of Nigeria’s crude oil export earnings increased by 50.2% in the first quarter of 2024 to N15.4 trillion,…
How students can budget properly amidst record high living cost in Nigeria
Business & Economy
May 25, 2024
How students can budget properly amidst record high living cost in Nigeria
Typical undergraduate courses in Nigerian universities are between four to five years with exceptions like Veterinary Medicine and Human Medicine…
Benchmarking wages to dollar exchange rate would lead to job losses – Rewane cautions NLC
Business & Economy
May 24, 2024
Benchmarking wages to dollar exchange rate would lead to job losses – Rewane cautions NLC
Managing Director of Financial Derivatives Company (FDC), Mr. Bismarck Rewane has advised the Nigerian Labour Congress (NLC) against linking wage…
Customs says CBN-approved forex rates for import duty has caused disruptions
Business & Economy
April 3, 2024
Customs says CBN-approved forex rates for import duty has caused disruptions
The Nigeria Customs Service (NCS) revealed that the service encountered major challenges with the fluctuations of the Central Bank of…
Business owners report high prices limiting demand as Nigeria’s PMI remain unchanged in March- Report
Business & Economy
April 2, 2024
Business owners report high prices limiting demand as Nigeria’s PMI remain unchanged in March- Report
Nigeria’s Purchasing Managers’ Index (OMI) remained unchanged at 51.0 for March, indicating no change from previous figures. The steady index…
Customs rate for import duties collection should be charged in Naira – NACCIMA President
Business & Economy
March 29, 2024
Customs rate for import duties collection should be charged in Naira – NACCIMA President
The President of the Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Mr. Dele Oye has stated…