USD crashes against Naira at the parallel market

The greenback on Monday crashed against the Naira, as the Nigerian currency gained 5 points at the parallel market against the Dollar. The Naira traded at N460 to a dollar, after speculators had forced it 3 points down amid liquidity boost on Friday. However, the Naira weakened against the Pound Sterling but maintained its Euro […]

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Inflation rises to 9.6% in December on imports, fuel scarcity impact

Nigeria’s inflation monthly inflation for the month of December released by the National Bureau of Statistics (NBS), stood at 9.6 per cent, on the impact of a number of factors including higher cost of imported food times, non-alcoholic beverages, tobacco and intermittent petrol shortages It rose from 9.4 per cent in November. The figure, which […]

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