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Amid Forex Scarcity, Nigeria’s Inflation Rate Hits 24.08%
Nigeria’s inflation rate rose to 24.08% in July 2023 compared to June 2023 headline inflation rate which was 22.79%. The ...Diesel price hits N950/litre, manufacturers fear shutdowns, job losses
Oil marketers, on Monday, said the foreign exchange crisis in Nigeria and the recent implementation of a 7.5 per cent ...Price hike looms as rice millers cease operations in Kano over paddy scarcity
The Northern Chamber of Commerce Industry, Mines, and Agriculture has said rice millers are shutting down operations in the commercial ...Marketers propose N720/litre, suspend fuel imports
Oil marketers, on Sunday, indicated that the cost of Premium Motor Spirit, popularly called petrol, would rise to between N680/litre ...CBN staff loans jump by 113%, hit N40bn
The Central Bank of Nigeria has said that it issued N40.67bn loans to members of its staff as of December ...Workers dump PFAs, N822bn transferred to new operators
No fewer than 203,127 workers have changed their Pension Fund Administrators and moved N822.37bn from their Retirement Savings Accounts since ...Diversion Of Diaspora Remittances Contributing To Naira Crash – Ag CBN Gov
The Central Bank of Nigeria has attributed the crash of the naira against the dollar and its inability to manage ...Naira tumbles to all-time low of N950/$ at parallel market
The naira fell to an all-time low of N950 to a single dollar at the parallel market on Thursday afternoon. ...Fuel price may go up, say marketers
The fall of the naira against the United States dollar, coupled with the recent rise in global crude oil prices, ...US accuses China of influencing Nigeria with loans
The United States has said China has the potential to influence the Nigerian government through Chinese loans. This was stated ...
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