Business
The rhythm of Nigeria's business world
Categories
Trending articles
-
Article 'IMF Report: Nigeria's Economic Reforms Under Tinubu Falling Short of Expectations'- Nigeria News
Comments: 0 -
Article 'Dangote Refinery Eyes 650,000 Barrels Per Day with Billions in Funding'- Nigeria News
Comments: 0 -
Article 'FCTA Employees to Receive N70,000 Minimum Wage Starting November 2024'- Nigeria News
Comments: 0
![Today's Naira Rate[16-11-2024]: Nigerian Naira Faces Steep Decline, Parallel Market Hits N1,750/$](/data/attachments/210/210283-5e995ef978efd380c57591c54b3dddf2.jpg?hash=FHqxQvjPSE)
Latest comments
-
-
Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
- akeri akpokabowei
In a tumultuous week for Nigeria's economy, the national currency, the Naira, experienced unprecedented depreciation, closing at N1,537.96 at the official market on Friday. This marks a significant milestone, as the currency surpassed the N1,500 threshold, showcasing the severity of its recent...
In a recent market survey conducted by DAILY POST, the price of a 50-kilogram bag of cement in the Federal Capital Territory has seen an alarming surge, ranging between N10,000 and N15,000.
Various locations such as Gwarimpa, Kubwa, Lugbe, and Dawaki reported Dangote cement priced at N10,000...
Nigeria
Crisis Unfolds: Cement Prices Skyrocket to N9500 in Lagos, Retailers Hit Pause Amid Economic Strain
The price of a 50kg bag of cement has skyrocketed to approximately N9500 in numerous retail outlets across Lagos, intensifying the impact of inflation in Nigeria. Investigations conducted by Nairametrics reveal a sharp increase in prices since January, rising from around N6,000 to over N9000...
Nigeria's Dangote Petroleum Refinery is set to export two fuel cargoes, signaling a significant step for the $20 billion facility commissioned last year. After facing regulatory delays, the refinery is now moving forward with the sale of diesel and aviation fuel, marking a turning point for the...
The Central Bank of Nigeria (CBN) has introduced a pivotal policy shift, instructing authorized dealer banks to discontinue the payout of Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) in cash.
This directive, signed by Dr Hassan Mahmud, the Director of the Trade and...
The Central Bank of Nigeria (CBN) has announced an adjustment in the exchange rate for the clearance of goods, increasing it from N1444.56/$ to N1515.09 against the USD. This marks a noteworthy rise of N70.53 compared to the previous rate, reflecting the CBN's continued efforts to align official...
The Nigerian Naira plummeted to an alarming N1,600 against the US dollar on Thursday, casting a harsh spotlight on the ongoing economic challenges during President Bola Tinubu's tenure. Despite efforts by the Central Bank of Nigeria to mitigate the free fall of the Naira, the currency's downward...
Nigeria's inflation rate surged to 29.90% in January 2024, marking a significant increase from the previous month's 28.92%, as reported by the National Bureau of Statistics (NBS).
The latest inflation report highlights a persistent upward trend, indicating that the inflationary pressures in the...
Europe
Citizens Navigate Economic Anxiety as UK Enters Recession: Concerns Rise Over Job Security and Financial Stability
The United Kingdom's economy slipped into a recession during the second half of 2023, creating a complex backdrop for Prime Minister Rishi Sunak as he approaches an expected election later this year. Official data revealed a contraction of 0.3% in GDP for the three months ending in December...
Nigeria
Economic Concerns as Naira Depreciates to N1,565/$ in Parallel Market, Widening Gap with Official Rates
The Nigerian Naira experienced fluctuations against the US dollar, reaching an intra-day high of N1,582 while witnessing a notable decline in forex turnover, plummeting by 56.58% to $117.87 million.
Both official and black-market exchange rates saw a marginal decrease in the value of the Naira...
About Nigerian Bulletin
Nigerian Bulletin is your gateway to top news, specialized lifestyle topics, and a unique, curated marketplace. It connects Nigerians worldwide with crucial updates and opportunities and is ideal for engaging press releases, effective sponsored posts, banner ads, and product showcases.