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The rhythm of Nigeria's business world
OpenAI has unveiled ChatGPT-4o, a breakthrough AI model capable of handling text, speech, and video in real time, delivering lightning-fast performance and enhanced intelligence across multiple modalities.
OpenAI has unveiled ChatGPT-4o, a revolutionary AI model that takes the capabilities of...
Amidst Naira's depreciation to N1,515/$, the Central Bank of Nigeria increases the import duty exchange rate to N1,457/$. This 3% hike poses challenges for importers, with the former Shippers Association president criticizing the instability. Analysts foresee continued Naira depreciation unless...
![Today's Naira Rate [13-05-2024]: Nigerian Naira Weakens to 1,515/$ Despite Marginal Reserve Growth, Concerns Linger](/data/attachments/203/203891-bd899ca0c24b3b3c73ca8044710ce26b.jpg)
Nigeria
Today's Naira Rate [13-05-2024]: Nigerian Naira Weakens to 1,515/$ Despite Marginal Reserve Growth, Concerns Linger
Naira weakens to 1,515/$ despite marginal external reserves growth. Continuing its decline against the US dollar, the Nigerian currency faces challenges amidst market volatility. Analysts anticipate further depreciation without intervention
The Nigerian Naira continues its decline against the...
Nigeria
N140K for a Small Generator: Lagos Residents Struggle as Tiny Generators Become Luxury Items
Tiny generators in Lagos, Nigeria, have seen a 40% price surge to N140,000, putting them out of reach for many. Once a modest status symbol, these generators are now a luxury item due to unreliable power supply and inflation. The surge highlights the challenges faced by Nigerians in affording...
NNPC E&P Ltd and NOSL mark a significant milestone with the commencement of oil production at OML 13 in Akwa Ibom. This achievement underscores Nigeria's drive for economic growth and energy self-sufficiency. The partnership aims to ramp up production to 40,000 barrels per day, promising...
![Today's Naira Rate [11-05-2024]: Naira's Downward Spiral: Hits Month-Low at N1470 Against Dollar](/data/attachments/203/203848-147ab142f8cf48479284e57b3d23fc38.jpg)
Nigeria
Today's Naira Rate [11-05-2024]: Naira's Downward Spiral: Hits Month-Low at N1470 Against Dollar
Amid evolving market dynamics, Nigeria's currency breached the N1,500 mark against the US dollar on the black market, highlighting fragile FX conditions. With the naira's downward trend from March, concerns rise over its ability to sustain gains without fiscal policy intervention. Analysts...
![Today's Naira Rate [10-05-2024]: Nigerian Naira Hits One-Month Low of 1,470 Against Dollar Amidst Economic Turbulence](/data/attachments/203/203812-8457c57119a478bc5717b11aa4a694ef.jpg)
Nigeria
Today's Naira Rate [10-05-2024]: Nigerian Naira Hits One-Month Low of 1,470 Against Dollar Amidst Economic Turbulence
Nigeria's naira plunges to a one-month low of 1,470 against the dollar on the black market. Discover the factors driving this decline, including dollar shortages and speculative trading, and explore expert insights on potential solutions to stabilize the currency amidst growing concerns.
The...
Discover why Nigeria's naira has become the world's worst-performing currency, plunging to its weakest level in weeks. Amid rising pressure on the central bank to boost interest rates, the naira's decline underscores market volatility and underscores the challenges of managing forex controls in...
Nigerians express outrage as NIMC announces plans to charge fees for new national identity cards, labeling the move as unjust. Critics slam the commission's decision, calling it a burden on citizens. Social media erupts with discontent over the proposed payment system for ID cards."
Abisoye...
Discover the impact of escalating food prices on Nigerian households amidst stagnant wages. Explore the latest costs of essential staples like rice, beans, and garri, highlighting the financial strain on citizens. Calls for government intervention intensify as families struggle to meet basic...
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