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Finance & Economy - Page 159

Tinubu Engages Labour Leaders in Midnight Meeting Over Planned National Protest

President Tinubu on Tuesday night held a closed-door meeting with the leadership of the Nigeria Labour Congress (NLC) at the State House, Abuja, as efforts intensified to avert a proposed nationwide protest by organised labour over Nigeria’s worsening insecurity. Prime Business Africa

December 17, 2025

Nigerian Naira Vs U.S. Dollar: What To Expect This Week (17th-22nd, March 2025)

Business·Currency

Naira Resists Dollar At N1,170/$ As US Fed’s Decision Looms

The Nigerian naira has crossed the black market threshold, settling at N1,170 against the US dollar in the midst of economic challenges and geopolitical turmoil. The ongoing struggles in Eastern Europe since February 2022 have cast a shadow on the country’s economy,

November 1, 2023

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency·News

Naira Appreciates To N815.32/$1 As Nigerian Govt Pledges To Tackle Forex Woes

The Nigerian naira experienced an upswing against the US dollar, closing at N815.32/$1 at the official market on Tuesday, October 31, 2023. This sudden resurgence represents 21.81% increase from the N993.82/$1 exchange rate recorded just a day earlier. Fluctuations in the Naira’s

November 1, 2023

Agro-Economy·News

Interesting Statistics On Nigeria’s Agricultural Sector As 2023 Gradually Winds Down

In the second quarter of 2023, the agricultural sector generated about 21 percent of Nigeria's Gross Domestic Product. The largest contribution was from crop production, which covered nearly 19 percent of the GDP

October 31, 2023

Business·Currency

CBN Denies Rumours Of Plans To Redenominate Naira

The Central Bank of Nigeria (CBN) has denied rumours about plans to redenominate the naira in 2024. In a statement signed by the Bank’s Director, Corporate Communications, Isa AbdulMumin and shared on the Bank’s X handle on Tuesday, it there is no

October 31, 2023

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

Business·Currency

Naira Hits All-Time Low As Exchange Rate Dips To N993/$1 On Official NAFEM

Nigerian naira has reached an unprecedented low in the official market, as the exchange rate plummeted to N993 per US dollar on the Nigerian Foreign Exchange Market (NAFEM), marking a colossal 20.5% depreciation.

October 31, 2023

Tinubu Appoints Officials Of NCC, NIGCOMSAT, Others

Finance & Economy·News

FEC Approves N2trn Supplementary Budget, Prioritizing National Security

Monday’s Federal Executive Council (FEC) meeting presided over by President Bola Tinubu approved a supplementary budget of over N2 trillion, with an emphasis on funding national security.

October 30, 2023

ShafDB Boosts Housing in Guinea With $12 Million Line Of Credit

Real Estate

ShafDB Boosts Housing in Guinea With $12m Line Of Credit

In a move to address the housing deficit in the Republic of Guinea, Shelter Afrique Development Bank (ShafDB) has approved a $12 million line of credit for Vista Bank Guinee SA

October 30, 2023

Africa·Business·Currency

Naira, Angolan Kwanza Worst Currencies In Sub Sahara Africa, Says World Bank

latest Africa Pulse report from the World Bank has declared the Nigerian Naira and the Angolan Kwanza as the worst-performing currencies in Sub-Saharan Africa this year.

October 30, 2023

Business·Oil & Gas

African Oil Producers Gather In Abuja To Define Industry Future

In light of the impending energy transition and the diminishing financial support for the hydrocarbon sector, eighteen member nations of the African Petroleum Producers Organization (APPO) are gathering for the third Africa Local Content Roundtable to map out a course for the

October 27, 2023

Business·Currency

Just In: Naira Gains, Exchanges at N1,113/$ In P2P Market

The Nigerian naira witnessed an impressive surge in the Peer-to-Peer (P2P) market, strengthening by a significant N166 against the US dollar in a few hours.

October 27, 2023

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

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Finance & Economy - Page 159

Tinubu Engages Labour Leaders in Midnight Meeting Over Planned National Protest

Naira Resists Dollar At N1,170/$ As US Fed’s Decision Looms

Naira Appreciates To N815.32/$1 As Nigerian Govt Pledges To Tackle Forex Woes

Interesting Statistics On Nigeria’s Agricultural Sector As 2023 Gradually Winds Down

CBN Denies Rumours Of Plans To Redenominate Naira

Naira Hits All-Time Low As Exchange Rate Dips To N993/$1 On Official NAFEM

FEC Approves N2trn Supplementary Budget, Prioritizing National Security

ShafDB Boosts Housing in Guinea With $12m Line Of Credit

Naira, Angolan Kwanza Worst Currencies In Sub Sahara Africa, Says World Bank

African Oil Producers Gather In Abuja To Define Industry Future

Just In: Naira Gains, Exchanges at N1,113/$ In P2P Market

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Finance & Economy - Page 159

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