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6 days ago · Why FX speculation is risky for the average Nigerian. 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 ...
Nigeria’s fiscal deficit surpasses budget projections, reaches 7.6
2 days ago · Nigeria’s fiscal deficit continues to swell, with recent figures showing a budget deficit of 7.6% of GDP as of August 2024, outpacing the approved 3.8% target for the year. This was revealed in the personal statements of Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) members, who voiced concern over the growing gap between ...
Economy Archives - Nairametrics
The Deputy Secretary-General of the United Nations, Amina Mohammed, has said that Nigeria will need to spend $10 billion annually
Daily forex turnover hits $1.4 billion on NAFEM, highest ever
4 days ago · What the data is saying Closing Exchange Rate: The naira ended at N1,678/$1 on Friday, maintaining its all-time high close set a day earlier. Intra-day Highs and Lows: Friday saw an intra-day high of N1,698/$1 and a low of N1,609/$1, with the prior day reaching an intra-day peak of N1,700 and a low of N1,635/$1. The sustained high levels over two days reflect the ongoing strain in the forex ...
Naira shows mixed performance; depreciates to N1730 in parallel …
Oct 26, 2024 · The Nigerian naira weakened by 0.12% against the US dollar in the parallel market, on October 25, 2024, trading at N1,730/$1—a marginal decline of N2 from the previous rate of N1,728. This marks the second consecutive day of depreciation after a 0.58% appreciation on October 23, when the naira ...
Breaking News Archives - Nairametrics
Nigerian Court convicts crypto firm over unlicensed USDT-Naira trading, transfers N140 million to FG. by Nnaemeka Onyekachi. October 23, 2024. 0. The Federal High Court in Abuja has convicted a Nigerian crypto dealing company, Official Gredo Limited, for illegally conducting USDT... Read more. Breaking News.
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Currencies Archives - Nairametrics
The Nigerian foreign exchange market saw a historic surge in activity on Friday, November 8, with a record-breaking turnover of
Stock Market Archives - Nairametrics
All-Share Index closes with 0.25% gain as volumes and values traded rebounds by 41.30% and 89.56% respectively. by Research Team. October 25, 2024. 0. The Nigerian Exchange (NGX) continued its bullish trend the day, marking the fourth consecutive day of gains.
CBN increases interest rate by 150 basis points to 26.25%
May 21, 2024 · The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has increased the benchmark interest rate by 150 basis points to 26.25% from 24.75%. The Governor of the CBN, Yemi Cardoso stated this at the press briefing following the 295th MPC meeting of the bank. Furthermore, the bank retained the Cash Reserve Ratio (CRR) of Deposit Money ...