Naira Appreciates By 23.5% Despite Rising Inflation   Despite Nigeria’s headline inflation rate nearing 30 per cent, the Naira appreciated 23.5 per cent leading to projections by experts that FX liquidity conditions are expected to remain tight, pending receipt of expected FX inflows. Nigeria’s headline inflation rate...

Investors Gain as Positive Trading Lifts Equity Market By N464bn   After recording four bullish trade sessions last week, investors in the Nigerian Exchange gained N464 billion. The market opened on a positive note and sustained the sentiment till Thursday, with investors earning N501 billion in the...

Naira: Christmas Shoppers Condemn Scarcity   About a week to Christmas Day, shoppers have condemned the worsening naira scarcity, with many of them expressing frustration over their inability to make vital purchases for the Yuletide celebration. Findings on Sunday revealed that banks were still rationing cash over-the-counter,...

NBS: Nigeria’s Inflation Jumps to 28.20% in November Inflation surged to 28.20 per cent in November from 27.33 per cent in October, underscoring a worsening cost of living crisis in the country. In its new ‘Consumer Price Index: November 2023’ released on Friday, the National Bureau...

NLC Faults Plans to Unbundle TCN The Nigerian Labour Congress (NLC) said the proposed plan by the federal government to restructure the Transmission Company of Nigeria (TCN) portends great danger to the power sector. Joe Ajaero, the NLC President, disclosed this in a statement on Wednesday. The...

Report: Nigeria, Others Spend $441bn on Debt Servicing – World Bank Nigeria and other developing countries have spent about $441bn on debt-serving in the past 40 years, according to a new World Bank report. The World Bank report also disclosed that Nigeria received $2.9b and topped...