Finance & Economy - Page 120

Kenyan Shilling Hits Low At 150 To US Dollar Amid Economic Challenges

The Kenyan shilling, battling multiple economic headwinds, reached an unprecedented low of 150 shillings to the US dollar on Monday, exacerbating the financial woes of Kenyan citizens grappling with soaring inflation and

Emmanuel Ochayi

1 year ago

Tinubu Threatens To Shock Naira Speculators With N500/$1 Exchange Rate

Finance & Economy

Tinubu Vows To Re-float Nigeria’s Economy After Floating Naira

As the naira continues its free fall exchanging N1200/$1 today in the parallel market owing to the floating of the currency mid-June, President Bola Tinubu has vowed to clear foreign exchange contracts

Victor Ezejaand

Admin

1 year ago

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency·News

Naira Drops Further To N1,186/$1 Amid Nigeria’s Economic Turbulence

In the backdrop of a turbulent week for Nigeria’s economy, the naira witnessed a fresh low of N1,186 against the US dollar in the unofficial market. This decline can be attributed to

Emmanuel Ochayi

1 year ago

Agro-Economy·Business

Nigeria’s Palm Oil Imports From Malaysia Soar By 65.3% In 2023

Nigeria’s palm oil imports from Malaysia, a global palm oil giant, surged by 65.3% during the first nine months of 2023. READ ALSO: Nigeria Fails To Pluck Low-hanging Fruits, Imports N300bn Palm Oil

Emmanuel Ochayi

1 year ago

Finance & Economy·News

Nigerian Govt Restructures CBN Debt To N4.36tn In 2023

The Nigerian government has restructured its debt to the Central Bank of Nigeria (CBN), resulting in a reduction of the owed amount to N4.36 trillion as of June 2023, according to

Emmanuel Ochayi

1 year ago

Marketers Assure Petrol Price Drop, Zero Scarcity During Yuletide

Business·News·Oil & Gas

Petrol Price Jumped To N626.21 In September – NBS

NBS) on Saturday disclosed that the average retail price of a litre of premium motor spirit (otherwise called petrol) increased from N191.65 in September 2022 to N626.21 in September 2023.

Emmanuel Ochayi

1 year ago

Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

Business·Currency·News

ACTN Tasks Nigerian Govt On Tackling Widening Naira-Dollar Disparity

The Association of Corporate Treasurers of Nigeria (ACTN) has voiced their concern about the ongoing depreciation of the Naira against the dollar.

Emmanuel Ochayi

1 year ago

Naira Appreciates Against Dollar At Official, Black Market

Business·Currency

Naira Exchange Rate Dips 5.4% To N808/$ Official, N1,170/$1 Black Market

The naira has experienced a 5.4% decline affecting both the official and black markets. The official rate on the NAFEM closed at N808/$1, while the parallel market saw N1170/$1. This downturn marks

Emmanuel Ochayi

1 year ago

Labour·News

NLC Strike Loading? Here’s Why Nigerian Govt’s MoU With Labour Is Under Threat

The Nigerian economy may be heading for a shutdown owing to a looming total industrial action by the organized labour. This is due to the current threat faced by the October 2

Victor Ezejaand

Admin

1 year ago

Business·Currency

Naira Hits N999/$1 At NAFEM As Disparity Widens

The exchange rate between the Nigerian naira and the US dollar plummeted to N999 per $1 during trading on October 19th, 2023. The alarming data, sourced from intraday trading on the FMDQ,

Emmanuel Ochayi

1 year ago

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Finance & Economy - Page 120

Kenyan Shilling Hits Low At 150 To US Dollar Amid Economic Challenges

Tinubu Vows To Re-float Nigeria’s Economy After Floating Naira

Naira Drops Further To N1,186/$1 Amid Nigeria’s Economic Turbulence

Nigeria’s Palm Oil Imports From Malaysia Soar By 65.3% In 2023

Nigerian Govt Restructures CBN Debt To N4.36tn In 2023

Petrol Price Jumped To N626.21 In September – NBS

ACTN Tasks Nigerian Govt On Tackling Widening Naira-Dollar Disparity

Naira Exchange Rate Dips 5.4% To N808/$ Official, N1,170/$1 Black Market

NLC Strike Loading? Here’s Why Nigerian Govt’s MoU With Labour Is Under Threat

Naira Hits N999/$1 At NAFEM As Disparity Widens

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