Economy

Breaking: Nigeria’s Inflation Rate Hits 34.19% Amid Soaring Food Prices

naijanews's logo

Naijanews July 15, 2024 11:51 a.m.

Looking at the movement, the June 2024 headline inflation rate showed an increase of 0.24% points when compared to the May 2024 headline inflation rate,” the NBS said in its …

Looking at the movement, the June 2024 headline inflation rate showed an increase of 0.24% points when compared to the May 2024 headline inflation rate,” the NBS said in its …

Address Structural Bottlenecks To Boost Economy – Moghalu To Tinubu

naijanews's logo

Naijanews July 15, 2024 9:08 a.m.

He said structural infrastructures, including electricity, inflation and monetary policy, must be addressed to ensure a boost in the country’s economy. The CBN governor, Yemi Cardoso, addressed that the current …

He said structural infrastructures, including electricity, inflation and monetary policy, must be addressed to ensure a boost in the country’s economy. The CBN governor, Yemi Cardoso, addressed that the current …

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 15th July 2024

naijanews's logo

Naijanews July 15, 2024 5:14 a.m.

On Tuesday, at a three-day National Manufacturing Policy Summit organized by the Manufacturers Association of Nigeria (MAN), Dangote said, “Right now, at 30%, there is no way anybody can create …

On Tuesday, at a three-day National Manufacturing Policy Summit organized by the Manufacturers Association of Nigeria (MAN), Dangote said, “Right now, at 30%, there is no way anybody can create …

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 14th July 2024

naijanews's logo

Naijanews July 14, 2024 4:59 a.m.

The exchange rate for a dollar to naira at LagosParallel Market (Black Market)players buy a dollar for N1575 and sell at N1580 on Saturday 13th July 2024, according to sources …

The exchange rate for a dollar to naira at LagosParallel Market (Black Market)players buy a dollar for N1575 and sell at N1580 on Saturday 13th July 2024, according to sources …

Price Of Bag Of Rice, Beans, Tomatoes, Other Food Commodities This Week

naijanews's logo

Naijanews July 13, 2024 10:06 a.m.

Here is the price of major food commodities this week: Price Of Bag Of Rice Foreign rice – ₦78,000 Nigerian Rice (Stone Free) And Foreign Rice Of All Kinds – …

Here is the price of major food commodities this week: Price Of Bag Of Rice Foreign rice – ₦78,000 Nigerian Rice (Stone Free) And Foreign Rice Of All Kinds – …

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 13th July 2024

naijanews's logo

Naijanews July 13, 2024 5:04 a.m.

“I briefed the President that we have like 20 days petroleum sufficiency, 12 days offshore and over 8 days sufficiency of petroleum onshore,” Ahmed said. Ahmed said the 20 days …

“I briefed the President that we have like 20 days petroleum sufficiency, 12 days offshore and over 8 days sufficiency of petroleum onshore,” Ahmed said. Ahmed said the 20 days …

Why Tinubu Should Not Be The Petroleum Resources Minister – Agbakoba

naijanews's logo

Naijanews July 12, 2024 8:49 a.m.

They are not, as long as Nigeria is concerned.” Speaking further, the former President of NBA challenged the effectiveness of privatisation in Nigeria, arguing that it has not led to …

They are not, as long as Nigeria is concerned.” Speaking further, the former President of NBA challenged the effectiveness of privatisation in Nigeria, arguing that it has not led to …

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 12th July 2024

naijanews's logo

Naijanews July 12, 2024 4:24 a.m.

According to Reuters, the $2 billion – ₦3,047,740,000,000 (Three trillion, Forty-seven billion, Seven hundred and forty million naira) using the Central Bank of Nigeria (CBN) buying cap of ₦1523.87 to …

According to Reuters, the $2 billion – ₦3,047,740,000,000 (Three trillion, Forty-seven billion, Seven hundred and forty million naira) using the Central Bank of Nigeria (CBN) buying cap of ₦1523.87 to …

We Have 20 Days Petroleum Sufficiency – NMDPRA To Tinubu

naijanews's logo

Naijanews July 10, 2024 12:18 p.m.

“I briefed the President that we have like 20 days petroleum sufficiency, 12 days offshore and over 8 days sufficiency of petroleum onshore,” Ahmed said. Ahmed said the 20 days …

“I briefed the President that we have like 20 days petroleum sufficiency, 12 days offshore and over 8 days sufficiency of petroleum onshore,” Ahmed said. Ahmed said the 20 days …

NNPCL To Take ₦3.4 Trillion Crude Oil-Backed Loan

naijanews's logo

Naijanews July 10, 2024 8:07 a.m.

According to Reuters, the $2 billion – ₦3,047,740,000,000 (Three trillion, Forty-seven billion, Seven hundred and forty million naira) using the Central Bank of Nigeria (CBN) buying cap of ₦1523.87 to …

According to Reuters, the $2 billion – ₦3,047,740,000,000 (Three trillion, Forty-seven billion, Seven hundred and forty million naira) using the Central Bank of Nigeria (CBN) buying cap of ₦1523.87 to …

NACCIMA Hails FG For 150-days Import Free Window For Rice, Maize

naijanews's logo

Naijanews July 9, 2024 10:04 a.m.

“By addressing the multiple factors contributing to rising food prices, including infrastructural challenges and market profiteering, this policy demonstrates a comprehensive approach to ensuring food affordability.” NACCIMA, however, advised the …

“By addressing the multiple factors contributing to rising food prices, including infrastructural challenges and market profiteering, this policy demonstrates a comprehensive approach to ensuring food affordability.” NACCIMA, however, advised the …

NGX Suspends Unity Bank, NPF Microfinance, Six Others’ Trading

naijanews's logo

Naijanews July 9, 2024 7:34 a.m.

Iwenekhai said,“Trading in the shares of the eight companies below have been suspended from the facilities of Nigerian Exchange Limited (NGX or The Exchange) effective today, Monday, 8 July 2024, …

Iwenekhai said,“Trading in the shares of the eight companies below have been suspended from the facilities of Nigerian Exchange Limited (NGX or The Exchange) effective today, Monday, 8 July 2024, …

New Tax Policy, Removal of Import Duty On Drugs Good For Economy – LCCI

naijanews's logo

Naijanews July 9, 2024 5:55 a.m.

Director General of LCCI, Dr. Chinyere Almona, said the two policies would help in the growth of the economy and address challenges in the two sectors affected by heavy taxation …

Director General of LCCI, Dr. Chinyere Almona, said the two policies would help in the growth of the economy and address challenges in the two sectors affected by heavy taxation …

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 9th July 2024

naijanews's logo

Naijanews July 9, 2024 5:19 a.m.

In an interview with DAILY POST on Saturday, Gillis-Harry discussed the resurgence of fuel queues across Nigeria, highlighting the shortage reported in the nation’s capital, neighboring Nasarawa, and other states …

In an interview with DAILY POST on Saturday, Gillis-Harry discussed the resurgence of fuel queues across Nigeria, highlighting the shortage reported in the nation’s capital, neighboring Nasarawa, and other states …

2024 Budget: ‘SMEDAN Allocates ₦5 Billion To Buy Vehicles For Traditional Rulers’

naijanews's logo

Naijanews July 8, 2024 11:06 a.m.

Our reporter also found out in Tracka’s report thatSMEDAN– an agency of the federal government charged with fostering growth and development of Nano, Micro, Small and Medium-sized enterprises across Nigeria …

Our reporter also found out in Tracka’s report thatSMEDAN– an agency of the federal government charged with fostering growth and development of Nano, Micro, Small and Medium-sized enterprises across Nigeria …

Learn From Canada Prime Minister – Peter Obi To Tinubu, State Governors

naijanews's logo

Naijanews July 8, 2024 6:39 a.m.

Instead, it should be seen as a massive opportunity to drive growth and create wealth.” Mr Oyedele, whose committee submitted anew tax policyto President Tinubu, said small businesses are seeds …

Instead, it should be seen as a massive opportunity to drive growth and create wealth.” Mr Oyedele, whose committee submitted anew tax policyto President Tinubu, said small businesses are seeds …

MoMo interoperability better than single African currency — Bawumia

pulse-gh's logo

Pulse-gh July 5, 2024 2:29 p.m.

"The idea of a common currency which came in 1963 has really been overtaken by the digital payment age that today you can think about mobile money as a common …

"The idea of a common currency which came in 1963 has really been overtaken by the digital payment age that today you can think about mobile money as a common …

Banks collapse: It's taking time to prosecute persons implicated — BoG boss

pulse-gh's logo

Pulse-gh July 2, 2024 10:43 a.m.

"The large amounts of monies that we claim were used to clean up the financial sector, some of these monies are being held in assets by the shareholders and I …

"The large amounts of monies that we claim were used to clean up the financial sector, some of these monies are being held in assets by the shareholders and I …

KT Hammond to lay LI on cement price regulation amid boycott from manufacturers

pulse-gh's logo

Pulse-gh July 2, 2024 9:51 a.m.

Specific prices from various dealers reveal the extent of the increase: Dzata cement (42R) is now selling at GH¢108, Cimaf cement (42R) at GH¢107, Cimaf cement (32R) at GH¢87, and …

Specific prices from various dealers reveal the extent of the increase: Dzata cement (42R) is now selling at GH¢108, Cimaf cement (42R) at GH¢107, Cimaf cement (32R) at GH¢87, and …

Dangote Reveals When Nigeria Will Totally Stop Fuel Importation

naijanews's logo

Naijanews May 18, 2024 8:44 a.m.

In a groundbreaking statement at the Africa CEO Forum Annual Summit in Kigali on Friday, Dangote expressed his confidence in the refinery’s capacity to meet not only Nigeria’s petrol and …

In a groundbreaking statement at the Africa CEO Forum Annual Summit in Kigali on Friday, Dangote expressed his confidence in the refinery’s capacity to meet not only Nigeria’s petrol and …

Petroleum Workers Protest Helicopter Landing Fee

naijanews's logo

Naijanews May 18, 2024 7:33 a.m.

“We recall that a recent memo directed helicopter operators to compulsorily pay for helicopter landing fees at all Nigerian aerodromes helipads, airstrips, floating production storage, and offloading units, floating storage, …

“We recall that a recent memo directed helicopter operators to compulsorily pay for helicopter landing fees at all Nigerian aerodromes helipads, airstrips, floating production storage, and offloading units, floating storage, …

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 18th May 2024

naijanews's logo

Naijanews May 18, 2024 4:55 a.m.

The exchange rate for a dollar to naira at LagosParallel Market (Black Market)players buy a dollar for N1510 and sell at N1520 on Friday 17th May 2024, according to sources …

The exchange rate for a dollar to naira at LagosParallel Market (Black Market)players buy a dollar for N1510 and sell at N1520 on Friday 17th May 2024, according to sources …

Report Reveals Dangote Refinery’s Plan To Import 24 Million Barrels Of Crude Oil From US

naijanews's logo

Naijanews May 17, 2024 12:33 p.m.

WTI on the other hand, is available, with reliable supply and competitively priced “Buying different feed stocks also provides flexibility and optionality for the refinery, so the tender makes economic …

WTI on the other hand, is available, with reliable supply and competitively priced “Buying different feed stocks also provides flexibility and optionality for the refinery, so the tender makes economic …

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 17th May 2024

naijanews's logo

Naijanews May 17, 2024 5:11 a.m.

He stated that the government will work closely with private sector players to access the over ₦20 trillion pool of long-term funds available with Nigeria’s pension, life insurance, and investment …

He stated that the government will work closely with private sector players to access the over ₦20 trillion pool of long-term funds available with Nigeria’s pension, life insurance, and investment …

World Bank Blacklists 58 Nigerian Firms, Individuals – [See Details]

naijanews's logo

Naijanews May 16, 2024 8:51 a.m.

This process allowed the accused firms and individuals to respond to the allegations, following the Bank’s procedures for sanctions proceedings and settlements in bank-financed projects. Furthermore, in addition to debarment, …

This process allowed the accused firms and individuals to respond to the allegations, following the Bank’s procedures for sanctions proceedings and settlements in bank-financed projects. Furthermore, in addition to debarment, …

Hardship: NBS Report List Nigerian States With Highest Food Prices

naijanews's logo

Naijanews May 16, 2024 7:33 a.m.

According to the data, Lagos (4.74 percent), Edo (4.06 percent), and Yobe (3.99 percent) experienced the lowest increase in food inflation. This development coincides with April’s headline inflation and food …

According to the data, Lagos (4.74 percent), Edo (4.06 percent), and Yobe (3.99 percent) experienced the lowest increase in food inflation. This development coincides with April’s headline inflation and food …

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 16th May 2024

naijanews's logo

Naijanews May 16, 2024 5:14 a.m.

In its latest staff country report on Nigeria, the IMF mentioned, “The authorities noted that a supplementary budget may be needed to accommodate the outcome of the ongoing wage structure …

In its latest staff country report on Nigeria, the IMF mentioned, “The authorities noted that a supplementary budget may be needed to accommodate the outcome of the ongoing wage structure …

Naira Appreciates Against Dollar After Weeks Of Decline

naijanews's logo

Naijanews May 15, 2024 7:44 p.m.

Recall that Bureau De Change operators blamed the Naira’s depreciation on the Central Bank of Nigeria’s insufficient foreign currency allocation. Meanwhile, the Economic and Financial Crimes Commission (EFCC) has intensified …

Recall that Bureau De Change operators blamed the Naira’s depreciation on the Central Bank of Nigeria’s insufficient foreign currency allocation. Meanwhile, the Economic and Financial Crimes Commission (EFCC) has intensified …

3i Africa Summit: Fidelity Bank joins Proxtera to empower Ghana's SMEs

pulse-gh's logo

Pulse-gh May 15, 2024 5:45 p.m.

Read Also:Ghana secures $100m deal to boost MSMEs at 3i Africa Summit "GIFE presents yet another opportunity for the bank to furnish the requisite solutions to today's modern SMEs, aiding …

Read Also:Ghana secures $100m deal to boost MSMEs at 3i Africa Summit "GIFE presents yet another opportunity for the bank to furnish the requisite solutions to today's modern SMEs, aiding …

Shell Fire Incident Sparks Concerns Of Gas Price Surge In Nigeria

naijanews's logo

Naijanews May 15, 2024 9:34 a.m.

One of the facilities crucial toNigeria’sLNG gas feedstock project, processing nearly 2 billion standard cubic feet of gas daily,Shell’sGbaran facility, was rocked by anexplosion on Tuesday. “While the source appears …

One of the facilities crucial toNigeria’sLNG gas feedstock project, processing nearly 2 billion standard cubic feet of gas daily,Shell’sGbaran facility, was rocked by anexplosion on Tuesday. “While the source appears …

Digital ID credit scoring will de-risk finance and cut borrowing costs - Bawumia

pulse-gh's logo

Pulse-gh May 15, 2024 8:55 a.m.

With leaders advocating for digital identity programs, mobile money interoperability, and innovative fintech solutions, the 3i Summit has set the stage for collaborative efforts to drive financial inclusion and economic …

With leaders advocating for digital identity programs, mobile money interoperability, and innovative fintech solutions, the 3i Summit has set the stage for collaborative efforts to drive financial inclusion and economic …

Tinubu-Led Govt Allocates ₦20 Trillion Pension Funds To Infrastructure Investments

naijanews's logo

Naijanews May 15, 2024 7:57 a.m.

“Initially, of course, the government will standby and provide some support, particularly in this era of high interest rates, but eventually, as interest rates come down, there should be less …

“Initially, of course, the government will standby and provide some support, particularly in this era of high interest rates, but eventually, as interest rates come down, there should be less …

Weather Report

26.89

weather-icon

Sunday, July 21

Stay pulsed! Stay informed!