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Nigeria’s Inflation Rate Slips to 15.39% in August — NBS
The naira depreciated further on Thursday, April 25, against the United States dollar.
At the official market, the Naira depreciated to N1,309/$ and N1,420 at the parallel market.
The new rate which indicates a depreciation of N90 or 6.8 per cent from N1,330 quoted by currency traders on Wednesday, April 24.
Bureau de change operators blame the depreciation on an increase in the demand for the dollars.
The local currency depreciated to ₦1,382 per US dollar from ₦1,378 in the parallel market. Similarly, the currency dipped to ₦1,331.5 per dollar in...
Former Vice President Atiku Abubakar has challenged President Bola Tinubu to explain why Nigeria’s public debt has risen to ₦166.79 trillion despite increased government...
By Blaise Udunze Celebrating Nigeria’s latest inflation figures as proof that price stability has finally arrived is dangerously seductive. It has not. No doubt,...
By Blaise Udunze The Central Bank of Nigeria heads into its 307th Monetary Policy Committee meeting this week facing an economic contradiction that makes...
