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Nigeria's Economic Recovery: Policies and Impact on the Economy by Ugodre - Founder, Nairametrics. Nigeria's Economic Recovery: CBN Policies and its impact on the wider economy. Destination for Business news, financial literacy, economy, and analysis from Africa's largest economy and Nigeria news.
Nigeria’s inflation rate rises to 33.88% in October 2024
3 hours ago · Nigeria’s headline inflation rate rose to 33.88% in October 2024, up from 32.7% in September 2024, reflecting a 1.18 percentage point month-on-month increase. This is according to the National Bureau of Statistics (NBS) Consumer Price Index (CPI) report, which attributed the rise in inflation to increased transportation costs and higher food ...
Nigeria Customs crosses N5.1 trillion revenue target for 2024 ...
2 days ago · The Nigeria Customs Service (NCS) has met and is projected to exceed its revenue target of N5.1 trillion for 2024, according to Comptroller-General Adewale Adeniyi. Announcing the milestone at the Comptroller-General Conference (CGC) on Wednesday, Adeniyi highlighted the agency’s exceptional performance as evidence of its strategy in ...
FEC proposes N47.9 trillion budget for 2025 fiscal year
23 hours ago · The federal government has unveiled a proposed budget of N47.9 trillion for the 2025 fiscal year. Atiku Bagudu, Minister of Budget and Economic Planning, disclosed this to journalists on Thursday following the Federal Executive Council (FEC) meeting chaired by President Bola Tinubu. Bagudu revealed that the council had approved the Medium-Term ...
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Markets Archives - Nairametrics
Markets News from Nigeria's capital, currency, commodities, cryptocurrencies and money markets.
CBN adopts NAFEX rate on its website - Nairametrics
May 25, 2021 · The Central Bank of Nigeria has adopted the NAFEX/I&E Window exchange rate on its website ditching a multi-decade use of government-determined exchange rate. The CBN reported an official exchange rate of N410.25/$1and referenced it as “NAFEX Exch, Rate (USD) as at Monday, May 24, 2021” on its website. READ: CBN Governor confirms exchange ...
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Naira falls at black market as CBN formally adjusts official rate
May 26, 2021 · Naira depreciated against the US dollar on Tuesday at the official NAFEX window to close at N411.56 to a dollar. This represents a 0.08% drop when compared to N411.25/$1 recorded on Monday, 24th May 2021. Also, the Naira depreciated at the parallel market, closing at N487/$1 on Tuesday, May 25, 2021. This shows a N1 drop when compared to the ...
Currencies Archives - Nairametrics
The Nigerian foreign exchange market saw a historic surge in activity on Friday, November 8, with a record-breaking turnover of