Finance & Economy - Page 66

71.4% Of Nigerians Call For Interest Rate Reduction – CBN Survey

Naira Fall: CBN Sets Limit For Banks To Manage Forex Risks

The Central Bank of Nigeria (CBN) has placed restrictions on the amount of foreign exchange that banks may retain to prevent losses. This is as the country’s economy continues to witness depreciation

Victor Ezeja

10 months ago

Business·Oil & Gas

NNPCL Woos South Korean Investors To Gas Projects In Nigeria

In a move to harness Nigeria's abundant gas resources for global energy markets, the Nigerian National Petroleum Company Limited (NNPCL) has engaged in discussions with a South Korean consortium led by Daewoo

Victor Ezeja

10 months ago

Naira Falls To N1687 Per Dollar At Official Market

Business·Currency

Naira Hits Record Low At N1,482/$1 In Official Market, Triggering Economic Concerns, Shutdown Fears

The Nigerian naira witnessed a further decline on Tuesday, 30 January 2024, closing at N1,482 against the US dollar.

Emmanuel Ochayi

10 months ago

Oil Prices Surge Amid Middle East Conflict Fears, Brent Crude Nears $80 Per Barrel

Business·Oil & Gas

Global Oil Prices Surge Amid Geopolitical Tensions, Supply Gap Concerns

In the early hours of GMT+1, Brent crude hit $82.65 per barrel, reflecting a market grappling with uncertainties. U.S. WTI crude futures saw a 0.4% rise, reaching $77.09, bouncing back from Monday’s

Victor Ezeja

10 months ago

Naira Strengthens To N1,576 As Dollar Supply Rises

Business·Currency

Naira Crisis: ‘Nigeria May Become Like Zimbabwe’

Stakeholders and economic experts have continued to express concerns about the persistent depreciation of the value of Nigerian currency, the naira.

Victor Ezeja

10 months ago

Naira Drops To N1606 Per Dollar, Lowest In 3 Weeks At Official Market

Business·Currency

Naira Depreciates To Record Low Of N1,348/$1 At Official Market

The Nigerian naira plummeted to an unprecedented low of N1,348.63 against the dollar on the Nigerian Autonomous Foreign Exchange Market on Monday, marking a 51.21% fall from the previous week’s official rate.

Emmanuel Ochayi

10 months ago

Business·Currency

Naira Drops To N900/$1 In Official Market Despite CBN Efforts, Raises Concerns For Economic Stability

The Nigerian naira has plunged to a historic low of N900 against the US dollar in the official market, marking a setback despite relentless efforts by the Central Bank of Nigeria (CBN)

Emmanuel Ochayi

10 months ago

Naira Rises Against Dollar, Ends Week On Positive Note

Business·Currency

Naira Gains Marginally By 1.02% At Official Market

Nigerian currency the Naira, recorded a marginal gain of 1.02 percent against the US dollar as trading closed N891.90 /$ on Friday, 26th January 2024 at the official market.

Victor Ezeja

10 months ago

Finance & Economy

How Sharp Depreciation Of Naira Spells Economic Doom For Nigeria

Over the last two decades, Nigeria, the giant of Africa, has confronted a number of economic challenges. Our excessive reliance on imported

Admin

10 months ago

Naira Slips Again As Dollar Supply Drops

Business·Currency

5 Measures To Stabilize Naira As Value Sinks To New Low Of N1,400/$1

Concerns about the impact of persistent depreciation of the value of the naira on Nigerian economy have continued to worry stakeholders in different stakeholders.

Victor Ezeja

10 months ago

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Finance & Economy - Page 66

Naira Fall: CBN Sets Limit For Banks To Manage Forex Risks

NNPCL Woos South Korean Investors To Gas Projects In Nigeria

Naira Hits Record Low At N1,482/$1 In Official Market, Triggering Economic Concerns, Shutdown Fears

Global Oil Prices Surge Amid Geopolitical Tensions, Supply Gap Concerns

Naira Crisis: ‘Nigeria May Become Like Zimbabwe’

Naira Depreciates To Record Low Of N1,348/$1 At Official Market

Naira Drops To N900/$1 In Official Market Despite CBN Efforts, Raises Concerns For Economic Stability

Naira Gains Marginally By 1.02% At Official Market

How Sharp Depreciation Of Naira Spells Economic Doom For Nigeria

5 Measures To Stabilize Naira As Value Sinks To New Low Of N1,400/$1

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