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Business and Economy
Naira Hits Record Low of N820/$ as Forex Supply Gap Persists
Naira Hits New Low at N820/$ as Forex Supply Gap PersistsThe Nigerian naira has reached a new low against the US dollar, trading at...
Nigeria’s Inflation Rises To 22.79% In June
Nigeria’s Consumer Price Index (CPI) rose to 22.79% in June from the 22.41% recoded in May 2023.This is according to the latest CPI report...
Naira’s Buying Power Plummets as Inflation Hits 22.7%, Ranks 11th Lowest in Africa
In June 2023, Nigeria witnessed a significant increase in its inflation rate, as reported by the National Bureau of Statistics. The consumer price index...
NGX Anticipates Stable Economic Climate Amid Forex Reform and Subsidy Removal
During the 62nd Annual General Meeting held in Lagos, the Nigerian Exchange Limited (NGX) expressed its support for the economic reform initiatives undertaken by...
Naira Records Appreciation to N746.28/$ in I&E Window
In a positive development, the naira experienced an appreciation in the Investors and Exporters (I&E) window, reaching N746.28 per dollar. According to data obtained...
CBN: e-Naira not intended as competition for banks
The Central Bank of Nigeria (CBN) has clarified that its e-Naira initiative is not aimed at competing with the digital payment services offered by...
Engineering maverick defies norms, builds world’s first transparent house amidst landlord feud
In a jaw-dropping display of innovation and defiance, Engineer Titus from the town of Numan has transformed the very concept of home construction. Titus,...
Q1 2023 records no capital importation in 28 states
According to a report by the National Bureau of Statistics (NBS), only nine states in Nigeria received capital importation between January and March 2023....
Customs prepares for the implementation of a new Customs Act
The Acting Comptroller-General of Customs, Mr. Adewale Adeniyi, emphasizes the effective implementation of the new Nigeria Customs Service Act 2023 after conducting necessary public...
NACCIMA Welcomes Tinubu’s Intervention on Taxes, Easing Burden on Nigerian Businesses
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has expressed its support for the suspension of the five percent Excise...
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