Stocks on the Nigerian bourse (NSE) fell to a three-year-low on Monday, as the all share index dropped 0.8 percent to 27,385.69, the lowest since December 2012. The decline on
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The Nigerian foreign exchange reserves fell to a three-month-low of $30.04 billion on November 26, according to the Central Bank of Nigeria (CBN). The reserves, which fell by $60 million
Less than 24 hours after the last 2015 meeting of the Central Bank of Nigeria Monetary Policy Committee (MPC), the naira dwindled to 240 against the dollar. The Nigerian currency
The Central Bank of Nigeria (CBN) on Tuesday cut its key interest rates from 13 percent to 11 percent, the very first of such cut since 2009. The bank revealed
With the persistence of dollar scarcity, the Nigerian local currency crashed by 2.17 percent against the dollar at the parallel
Independent marketers of refined petroleum products in Nigeria have blamed building fuel queues around the country on the Central Bank’s
President Muhammadu Buhari on Tuesday said Nigeria can no longer sustain the importation of rice and other food items that
The Consumer Price Index (CPI), which measures inflation in Nigeria, dropped for the first time in 11 months to 9.3
The Nigerian local currency, naira, has had what experts would call a “terrific year”. It has been devalued twice in
Some accredited oil subsidy marketers on Thursday said the failure of the release of the N413 billion subsidy debt approved
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