nigerian economy
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Nigeria Currency Traders Cheer as Naira Strengthens to N1,250 Per Dollar
The Nigerian naira saw an appreciation to N1,250 per dollar in the parallel foreign exchange market on Monday, marking a 0.43 percent increase from the N1,280 recorded on March 29. Bureau de Change operators in Lagos quoted the buying rate of the dollar at N1,230 and the selling price at...- Nigeria News
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- bdc foreign exchange market forex market naira exchange rate nigerian economy parallel market
- Category: Business
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Nigeria Naira Gains: Nigerians Demand Immediate Price Reduction In Goods and Services
In response to the fluctuating dollar exchange rate, Nigerians are expressing frustration over the reluctance of sellers to immediately reduce prices despite the recent decrease in the value of the dollar. The sentiment stems from the observation that when the dollar surges, sellers swiftly...- Nigeria News
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- dollar decrease exchange rate forex market nigerian economy price reduction
- Category: Business
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Nigeria Nigeria's Central Bank Initiates Dollar Sales to BDCs to Boost Forex Liquidity
Amidst Nigeria's evolving economic landscape, the Central Bank of Nigeria (CBN) has taken significant steps to bolster liquidity in the foreign exchange market, signaling a potential shift in the nation's currency dynamics. In a recent circular addressed to Bureau De Change operators (BDCs)...- Nigeria News
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- bureau de change (bdc) central bank of nigeria forex market monetary policy rate (mpr) nigerian economy yemi cardoso
- Category: Business
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Nigeria Binance Ban: Government Spokesman Onanuga Warns Nigerians Platform Could Destroy THE ECONOMY
Amidst growing concerns over the impact of cryptocurrency trading on Nigeria's economy, Presidential spokesman Bayo Onanuga has issued a stern warning against the popular exchange platform Binance, alleging its potential to dismantle the country's financial stability. Speaking on a televised...- Nigeria News
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- bayo onanuga binance cbn crypto ban in nigeria cryptocurrency regulation exchange rates nigerian economy
- Category: Politics
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Nigeria Dano Milk Shock: Nigerians Outraged as Price Soars to 11k, Reflecting Economic Struggles
In the heart of Ikeja, the recent spike in the cost of Dano Milk has left Twitter influencer Yeankhar (@Yeankhar) lamenting, with prices soaring from less than 5k to a staggering 11k. This surge adds to the ongoing challenges faced by Nigerians grappling with the increasing cost of living, where...- Nigeria News
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- cost of living dano milk nigerian economy price surge rising expenses
- Category: Metro
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Nigeria Nigerians Divided Over FG's Announcement of Cash Transfer to 12 million People
In response to the escalating cost of living and the hardships faced by millions, the federal government is gearing up to restart direct cash transfers, targeting the poorest and most vulnerable Nigerians. The revelation came from the Minister of Finance and Coordinating Minister for the...- Nigeria News
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- direct cash transfers economic relief nigerian economy rising living costs wale edun
- Category: Politics
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Nigeria Economic Struggles: Nigerians Echo PDP's Concerns, Urging Action from Tinubu
PDP governors have called on President Bola Tinubu to find sustainable solutions to the nation's challenges or consider stepping down. Emphasizing that the APC sought power to address Nigeria's problems, not exacerbate them, the governors expressed concern over the universal impact of hardship...- Nigeria News
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- apc nigerian economy pdp governors president tinubu
- Category: Politics
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Nigeria Nigerian Breweries Reports N106 Billion Loss in 2023 Amid Economic Headwinds
In a stark contrast to its 2022 financials, Nigerian Breweries Plc has reported a staggering net loss of N106 billion for the fiscal year 2023, marking an alarming 860 percent increase in losses. The audited financial results, disclosed by Company Secretary Uaboi Agbebaku, unveil a challenging...- Nigeria News
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- nigerian breweries nigerian economy
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Nigeria Hostile Reaction to President Tinubu's statement On Security and Economy as Nigerians Point Out their New Realities
President Tinubu, after a meeting with state governors and key officials, reaffirmed his commitment to addressing food security challenges in Nigeria. He emphasized the need for home-grown solutions, promoting local food production over importation to curb rent-seeking and fraud. Tinubu urged...- Nigeria News
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- nigerian economy president tinubu
- Category: Politics
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![[ Viral Video] Nigerians In Dispair: Hungry, Angry, Vocal and on the Streets - Garri As Expensive As Cocaine](/data/attachments/201/201029-9bbb7f5cc65e32ebc3e63097b976811d.jpg?hash=m7t_XMZeMu)
Nigeria [ Viral Video] Nigerians In Dispair: Hungry, Angry, Vocal and on the Streets - Garri As Expensive As Cocaine
Yoruba fathers protest under the Tinubu government, expressing deep concern over the dire state of affairs. They highlight the soaring cost of basic necessities, with garri likened to cocaine due to its exorbitant price. Underlining issues include a weak Naira, high USD exchange rates...- Nigeria News
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- cost of living nigerian economy president tinubu
- Category: Metro
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Nigeria IMF Pressures Nigerian Government to Eliminate Electricity and Fuel Subsidies
In the face of persistent economic challenges and the ongoing struggle of Nigerians, the International Monetary Fund (IMF) has strongly urged the Federal Government to eliminate subsidies on fuel and electricity. The IMF argues that these subsidies, considered costly and ineffective, should be...- Nigeria News
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- electricity subsidy fuel subsidy governrment reforms imf nigerian economy
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Nigeria Viral Video: 'Nigeria Is Gone' - A Breakdown of the Current Issues Facing the Nation
A viral video featuring a Nigerian man discussing the country's economic challenges is igniting discussions on Twitter. In the video, he laments the insecurity affecting rural areas, preventing his mother from going to the farm. The man criticizes political figures like Tinubu, stating that...- Nigeria News
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- nigerian economy
- Category: Metro
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Nigeria Grains for the Masses? Nigerians Cast Doubt on Tinubu's Approval of 42,000 Metric Tons of Grains
In a proactive move to combat the surging cost of food, President Bola Tinubu has instructed the Ministry of Agriculture and Food Security to release 42,000 metric tons of maize, millet, and other strategic reserves. This decision, following a meeting of the Presidential Committee on Emergency...- Nigeria News
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- economic reforms food security nbs nigerian economy president tinubu rice millers association
- Category: Politics
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Nigeria Nigerians Split on EFCC's Decision to Crack Down on Companies Issuing Invoices in Dollars
The Economic and Financial Crimes Commission (EFCC) has initiated a robust crackdown on dollar speculators, hoarders, racketeers, and firms issuing invoices in foreign currency, aiming to curb the further depreciation of the naira against the dollar. The anti-graft agency has established 14...- Nigeria News
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- currency crackdown efcc nigerian economy
- Category: Metro
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Nigeria Financial Strain Leads to Surging Interest in Sperm Donation, Benue Humanitarian Reveals
Ukan Kurugh, a Benue-based humanitarian, finds himself inundated with requests from "over 210" men expressing interest in sperm donation for financial gain. The unexpected surge in inquiries comes after Kurugh's recent post on social media, where he highlighted the urgent need for a sperm donor...- Nigeria News
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- benue humanitarian nigerian economy
- Category: Metro
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Nigeria Nigerian Naira Hits All-Time Low, Reaches N1043.09/$1, Signaling Economic Concerns
In a dramatic turn of events, the Nigerian Naira has plummeted to an unprecedented low, exchanging at N1043.09 to the dollar at the official foreign exchange market. This shocking depreciation marks a significant decline from N872.59/$ recorded just a day earlier. According to market experts...- Nigeria News
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- cbn exchange rate today monetary policy nigerian economy nigerian naira
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Nigeria No surprises! $20 Per Day Gets You Into Nigeria's Upper Class - Doc Neto
https://x.com/docneto/status/1740051308437213623?t=aB46tYV9zwtjVlJVMfCE6Q&s=08- Nigeria News
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- doc neto lower class nigerians nigerian economy upper class nigerians
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Nigeria Atedo Peterside Suggests Procter & Gamble Exit Is Creating Opportunities for Chancers and Politcial Allies
Aterdo Peterside reacts to Procter & Gamble's exit from local production in Nigeria, stating that the departure signifies a concerning trend. Peterside suggests an alternative perspective, indicating that investors valuing the rule of law, policy consistency, and macroeconomic stability are...- Nigeria News
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- atedo peterside channels tv news nigerian economy p&g procter and gamble
- Category: Politics
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Nigeria Central Bank of Nigeria Delays Phaseout of Old Naira Notes
The Central Bank of Nigeria (CBN) has extended the validity of old N200, N500, and N1000 naira notes, defying its earlier announcement that these banknotes would cease to be legal tender by December 31, 2023, in compliance with a Supreme Court verdict. This decision comes after former CBN...- Nigeria News
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- cbn new naira notes nigerian economy yemi cardoso
- Category: Business
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Nigeria Nigeria's Industries Under Siege as Naira Weakens to N1,155 Against the US Dolla
Industries across the nation are grappling with immense challenges as the Nigerian naira continues its sharp decline against the U.S. dollar. The unofficial exchange rate in Lagos and Abuja recently reached between N1,150 and N1,155 per dollar. This alarming trend is causing significant distress...- Nigeria News
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- exchange rate nigerian economy
- Category: Business
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