Nigeria’s inflation rate has risen to 13.71% as prices jump in almost every sector. The Nigerian inflation rate rose to 13.71% (year-on-year) in September 2020 indicating 0.49% point higher than 13.22% recorded in August 2020. This was contained in the Consumer Price Index (CPI) report, released by the National Bureau of Statistics (NBS). According to […]
Feminist Coalition has announced that it has raised over N37 million in crowdfunding for the #EndSARS protest. One of the leading NGOs currently campaigning against police brutality in Nigeria, Feminist Coalition has announced that it has raised the total sum of N37,355,149.48 in crowdfunding for the protest which is aimed at supporting protesters. The recent
Naira depreciated marginally against the dollar, closing at N462/$1 at the parallel market on Wednesday. Forex turnover declined by 63% as Nigeria’s exchange rate at the NAFEX window depreciated against the dollar to close at N385.83/$1 during intraday trading on Wednesday, October 14. Also, the naira depreciated marginally against the dollar, closing at N462/$1 at
Naira falls again at black market as #EndSARS protest limits movement.Read More »
The naira depreciated marginally against the dollar, closing at N461/$1 at the parallel market on Tuesday. Nigeria’s exchange rate at the NAFEX window remained stable against the dollar to close at N386/$1 during intraday trading on Tuesday, October 13. Also, the naira depreciated marginally against the dollar, closing at N461/$1 at the parallel market on
Naira weakens at black market as external reserves loses $42 million in 1 weekRead More »
The US dollar closed at ₦462/US$1 in the parallel market The exchange rate between the naira and the US dollar for today (Wednesday, October 14th 2020), closed at ₦462/US$1 in the parallel market. The rate had also closed at ₦461/US$1 on Tuesday, October 13th 2020. Naira: ₦462 Dollar: $1 Date: October 14th, 2020 The exchange
Daily Parallel Market exchange rate – ₦462/$1; ₦600/₤1; ₦540/€1Read More »
The US dollar stands at ₦457/US$1 in the parallel market. The exchange rate between the naira and the US dollar for today (Thursday, October 8th 2020), stands at ₦457/US$1 in the parallel market. The rate had closed at ₦458/US$1 on Wednesday, October 7th 2020. Naira: ₦457 Dollar: $1 Date: October 8th, 2020 The exchange rate between the
Daily Parallel Market exchange rate – ₦457/$1; ₦595/₤1; ₦537/€1Read More »
Crude oil prices held to gains after U.S. President, Trump resumed the White House from the hospital. Crude oil prices held to gains after U.S. Trump resumed back to the White House from hospital after being admitted for treatment for COVID-19 coupled with a pending storm waiting to hit the U.S. Gulf of Mexico. What
Crude oil prices hold gains, President Trump returns to workRead More »
The Naira remained stable against the dollar to close at N458/$1 on Monday. Nigeria’s exchange rate at the NAFEX window depreciated against the dollar to close at N386/$1 during intraday trading on Monday, October 5, after the public holiday. In sharp contrast, the naira appreciated against the dollar, closing at N458/$1 at the parallel market
Naira gains big at black market as CBN boost supplyRead More »
President Trump’s recent improved health status lifted the morale of oil traders, as buying pressures increased across the energy market, on Monday. The London trading session witnessed high price upswings with major oil benchmarks gaining 4%. Trump’s health update eased political growing geopolitical concerns with Brent crude prices trading above $40/ barrel and U.S. West
Crude oil prices gain more than 4% on President Trump’s improved healthRead More »
Oil futures dropped at its last trading session, contributing to a second weekly loss for crude oil prices as President Donald Trump’s COVID-19 diagnosis raised further concerns over a slowdown in the global economy. “Rising coronavirus cases across the globe fan fears around slowing world growth and pace of demand recovery,” said Lukman Otunuga, senior
