Latest news on business in Nigeria – Page 2 of 23

Nigeria’s Inflation Hits 31.70% As Food Costs Bite Harder

Nigeria's headline inflation rate hit a record high of 31.70 per cent in February 2024. This is an increase of 1.80 per cent from 29.90 per cent recorded in January 2024

Victor Ezeja

2 months ago

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

Business·Currency

Naira Drops To ₦1,602.43/$ After 3-Day Winning Streak In Official Market

The Nigerian local currency, the naira, has dropped again to ₦1,602.43/$1 after three consecutive days of trading below the ₦1,600/$1 mark in the official foreign exchange market window. According to data published

Victor Ezeja

2 months ago

Business·Latest News

Binance Stops Naira Services, Urges Nigerian Users To Withdraw NGN Assets

Crypto trading platform, Binance, has announced plans to end its financial services in naira as it prepares to exit the Nigerian market.

Victor Ezeja

2 months ago

Economy: LCCI Urges Govt To Sustain Interventions In Critical Sectors To Drive Growth

Business·Latest News

New Expatriate Levy May Drive Away Foreign Investors – LCCI

LCCI has warned that if the new Expatriate Employment Levy (EEL) policy launched by the federal government is not reviewed, it might affect foreign direct investment in Nigeria.

Victor Ezeja

2 months ago

Business·Finance & Economy·Latest News

Why CBN’s 22.75% MPR Hike Can’t Tame Inflation – CCPE

The Centre for Promotion of Private Enterprise (CPPE) has advanced reason the latest hike in MPR by CBN won't help in bringing down inflation

Victor Ezeja

2 months ago

Business·Finance & Economy

How CBN’s New Monetary Policy Rate Will Affect Businesses In Nigeria – Economic Experts

Economic experts have raised concerns about the implications of the decision of the Central Bank of Nigeria (CBN) to further tighten monetary policy on businesses in the country.

Victor Ezeja

2 months ago

Forex Crisis: Let's Deal With Real Issues Of Boosting Production To Stabilise Naira - Moghalu

Business·Latest News

Economic Crisis: CBN’s 22.75% Benchmark Interest Rate Good For Tackling Inflation – Moghalu

Former deputy governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has applauded the CBN for increasing the Monetary Policy Rate (MPR) by 400 basis points to 22.75 per cent

Victor Ezeja

2 months ago

Business·Finance & Economy·Latest News

CBN Raises Benchmark Interest Rate To 22.75%

he Central Bank of Nigeria has raised the monetary policy rate (MPR) by 400 basis points to a record 22.75 per cent. This was announced by the CBN governor, Yemi Cardoso

Victor Ezeja

2 months ago

Economic Challenges, CBN And Reconstruction Policies

Business·Currency·Latest News

Adopt Official FX Rate For Import Duty Assessment, CBN Tells Nigeria Customs

Following concerns raised by importers about irregular changes in import duty assessment levies applied by Nigeria Customs Service (NCS), in recent times, the Central Bank of Nigeria (CBN) has directed NCS and

Victor Ezeja

2 months ago

Cement Prices: House Of Reps Members’ Comments ‘Very Unfair’ To Investors - CPPE

Business·Latest News

Cement Manufacturers Agree To Slash Prices To ₦7,000, ₦8,000 Per Bag

Nigerian Cement Manufacturers have agreed to slash the price to between ₦7,000 and ₦8,000 depending on the location in the country.Nigerian Cement Manufacturers have agreed to slash the price to between ₦7,000

Victor Ezeja

3 months ago

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Latest news on business in Nigeria - Page 2

Nigeria’s Inflation Hits 31.70% As Food Costs Bite Harder

Naira Drops To ₦1,602.43/$ After 3-Day Winning Streak In Official Market

Binance Stops Naira Services, Urges Nigerian Users To Withdraw NGN Assets

New Expatriate Levy May Drive Away Foreign Investors – LCCI

Why CBN’s 22.75% MPR Hike Can’t Tame Inflation – CCPE

How CBN’s New Monetary Policy Rate Will Affect Businesses In Nigeria – Economic Experts

Economic Crisis: CBN’s 22.75% Benchmark Interest Rate Good For Tackling Inflation – Moghalu

CBN Raises Benchmark Interest Rate To 22.75%

Adopt Official FX Rate For Import Duty Assessment, CBN Tells Nigeria Customs

Cement Manufacturers Agree To Slash Prices To ₦7,000, ₦8,000 Per Bag

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