Naira depreciation
Naira Experiences Mixed Movement as Parallel Market Weakens and Official Rate Strengthens
The Nigerian Naira witnessed contrasting movements yesterday as it depreciated in the parallel market but appreciated in the official Nigerian Foreign Exchange Market....
Nigeria Spends N11.1tn on Capital Projects in 2024 Amid Concerns Over Impact
Nigeria spent N11.1 trillion on capital expenditure in 2024, achieving an 85 per cent implementation rate, Finance Minister and Coordinating Minister of the...
NERC Reports N54.18 Billion Revenue Shortfall for DisCos in February 2025
On April 30, 2025, the Nigerian Electricity Regulatory Commission (NERC) released its Commercial Performance Data for February 2025, revealing that the 12 electricity...
Nigerian Banks Hike SMS Alert Fees to N6 from May 1 Amid Telecom Tariff Increase
Deposit Money Banks (DMBs) in Nigeria, including Guaranty Trust Bank (GTBank) and Ecobank, implemented a 50% increase in SMS transaction alert fees, raising...
Impact of Naira Depreciation on Nigeria’s Manufactured Goods Trade in Q3 2024
The steep depreciation of the naira since June 2023 has left a significant mark on Nigeria's trade landscape, particularly in the manufacturing sector....
NNPCL Raises Petrol Prices Again Amid Declining Global Oil Rates and Naira Depreciation
In a new price adjustment, the Nigerian National Petroleum Company Limited (NNPCL) has raised the price of Premium Motor Spirit (PMS), commonly known...
Aare Ona Kakanfo of Yorubaland Slams Tinubu’s Administration Over Economic Failures and Rising Hardships
The Aare Ona Kakanfo of Yorubaland, Iba Gani Adams, has criticized the administration led by President Bola Tinubu for its perceived indifference, insensitivity,...
