Naira Gains Against Dollar, Trades for N1,136.04 per Dollar
The Naira on Monday appreciated at the official market, trading at N1,136.04 to the dollar.
Data from the official trading platform of the FMDQ Exchange revealed that the Naira gained N6.34.
This represents a 0.55 per cent gain...
CBN Slashes Interest rates on 1year Treasury Bill by 42.4% bps to 20.7%
In the latest auction of Treasury bills on April 12, 2024, the Central Bank of Nigeria (CBN) successfully sold N951.83 billion worth of bills, representing a substantial 42% decline from the N1.64...
Oil Demand to Grow by 2.2 million Barrel Daily – OPEC
The Organisation of Petroleum Exporting Countries (OPEC+) has further extended its oil production cuts this month, with a target to push oil price to $100 a barrel.
The decision was anything but unexpected and, unlike...
Naira Gains at Parallel Market, Exchanges for N1,150/$1
The value of the naira has strengthen at the parallel market on Thursday as the three-day public holiday was rounding up, selling around N1,150 to the dollar compared to N1,200 which it sold on Monday this week.
According...
Manufactured Goods Imports Rise 269% to N9trn – NBS
The value of manufactured goods imported into the country rose Year-on-Year (YoY) by 268.76 percent to N9.03 trillion in the fourth quarter of 2023 (Q4’23) from N2.45 trillion in the same period in 2022.
The figure also...
Umahi Knocks Atiku's Claim, Says Lagos-Calabar Coastal Highway Cost N4bn per kilometre
The Minister of Works, David Umahi, has said the government is constructing the Lagos-Calabar coastal highway at a total cost of N4bn per kilometre and not the N8bn per km reportedly claimed by...
