Finance & Economy - Page 157

Cash In Circulation Up By N701.4 billion, Emefiele's CBN Loses Control Again

Pure Water Sellers, Chicken Republic Announce Dates To Stop Accepting Old Naira Notes

Small and medium businesses have began to reject old naira notes, as the deadline for the banknotes to become illegal nears. Prime Business Africa had reported that the Central Bank of Nigeria

Fakoyejo Olalekan

2 years ago

Agro-Economy

Buhari Lauds $538.05m Agric Intervention Funds In Africa By AfDB, IsDB, IFAD

Nigeria’s President, Muhammadu Buhari, has applauded the provision of $538.05 million by the African Development Bank (AfDB), the Islamic Development Bank (IsDB) and the International Fund for Agricultural Development (IFAD) for the

Victor Ezeja

2 years ago

Naira Slips Again As Dollar Supply Drops

Business·Currency

Black Market’s Dollar Rate Now N288 Higher Than CBN-backed Official Rate

The exchange rate between the naira and the dollar sold at an average of N750/$1 on Wednesday, 25 January 2023, in the black market. In the black market, operated by the Bureau

Fakoyejo Olalekan

2 years ago

Eight Controversial Decisions By Godwin Emefiele As CBN Governor

Currency

Naira Reissue: CBN Insists On January 31 Deadline For Old Notes

Despite pressure by various groups for the extension of the deadline of phasing out the old ₦1,000, ₦500, ₦200 notes, the Central Bank of Nigeria (CBN) has insisted that they would cease

Victor Ezeja

2 years ago

FG To Share $800 million Among 50 million Nigerians After Removal Of Fuel Subsidy

Business·Oil & Gas

Oil Minister Buhari Sets Up Petrol Committee As Litre Price Nears N300

President Muhammadu Buhari, who also doubles as Minister of Petroleum Resources, has created a 14-man Steering Committee on Petroleum Products Supply and Distribution management. Buhari instituted the committee to probe and resolve

Fakoyejo Olalekan

2 years ago

Real Estate

House To Rent …Only $50K Per Month

You would agree with me folks that the world is right now in more turmoil than usual, and that is saying something. We are welcoming with open arms and broad smiles Armageddon

Dr Gabriel Uguru

2 years ago

Business·Currency

Dollar Rate: Gap Between Official, Black Markets Rises To 61.3%

The dollar rate rose in the Bureau De Change window of the black market on Tuesday, 24 January 2023, as the naira weakened by -1.07 per cent. It was learnt that the

Fakoyejo Olalekan

2 years ago

Business·Finance & Economy

Inflation And Poverty In Nigeria: Explainer

1. Understanding Inflation Inflation is one of the most used expressions in discussions about the economy. Yet the idea is often misunderstood. Although there are several schools of thought on inflation, economists

Kingsley Moghalu and Damian Kalu Ude

2 years ago

Africa·Finance & Economy

Africa: ‘Realising Benefits Of AfCFTA Agreement Lies In Implementation’

Realisation of the benefits of the African Continental Free Trade Area (AfCFTA) agreement lies in commitment and diligent implementation of it by African nations, say global economic leaders. Acting Executive Secretary, Economic

Victor Ezeja

2 years ago

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Naira Faces Biggest Devaluation, Loses To Dollar, Others

In the Investors and Exporters window of the official market, the exchange rate between the naira and the dollar depreciated by 0.05 per cent or N0.25 kobo on Friday, 20 January 2023.

Fakoyejo Olalekan

2 years ago

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Finance & Economy - Page 157

Pure Water Sellers, Chicken Republic Announce Dates To Stop Accepting Old Naira Notes

Buhari Lauds $538.05m Agric Intervention Funds In Africa By AfDB, IsDB, IFAD

Black Market’s Dollar Rate Now N288 Higher Than CBN-backed Official Rate

Naira Reissue: CBN Insists On January 31 Deadline For Old Notes

Oil Minister Buhari Sets Up Petrol Committee As Litre Price Nears N300

House To Rent …Only $50K Per Month

Dollar Rate: Gap Between Official, Black Markets Rises To 61.3%

Inflation And Poverty In Nigeria: Explainer

Africa: ‘Realising Benefits Of AfCFTA Agreement Lies In Implementation’

Naira Faces Biggest Devaluation, Loses To Dollar, Others

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