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The IMF's latest report reveals that Nigeria's economic reforms under President Tinubu are failing to produce the desired results, with inflation...
Nigeria's external debt is expected to hit $45.1 billion by 2024's end, with a recent $2.2 billion borrowing plan approved. The rise in external...
The World Bank uncovered $32 million in unaccounted funds from Nigeria’s water project, as revealed in its FY2024 Sanctions System Annual Report...
![Today's Naira Rate[16-11-2024]: Nigerian Naira Faces Steep Decline, Parallel Market Hits N1,750/$](/data/attachments/210/210283-5e995ef978efd380c57591c54b3dddf2.jpg?hash=bRaHhFf4n0)
Nigeria
Today's Naira Rate[16-11-2024]: Nigerian Naira Faces Steep Decline, Parallel Market Hits N1,750/$
The naira failed to hold the N1,650/$ support line in the official market, closing at N1,652.25/$1. Despite Nigeria’s growing foreign exchange...
NNPCL denies rumors that Group CEO Mele Kyari is stepping down, calling the speculation baseless. A spokesperson praised Kyari's leadership in...
Nigeria
MultiChoice Faces Financial Setback as $21 Million Is Forfeited Due to Heritage Bank’s Collapse
MultiChoice forfeited a $21 million deposit with Heritage Bank after the bank's liquidation in 2024. The loss is part of the company's financial...
The Federal Airports Authority of Nigeria (FAAN) will shut down power at Murtala Muhammed International Airport's International Terminal 2 on...
Nigeria’s inflation rate soared to 33.88% in October 2024, up from 32.70% in September, according to the NBS. Food inflation also jumped to...
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