Market

Market

Naira up by 0.22%, trades for N1,465/$ at official market

The Naira traded for N1, 465.68 to a dollar at the official market on Tuesday. Data from the FMDQ Exchange revealed that the local currency...
Akudo Abengowe -
Market

Nigeria’s interest rate increment will worsen the economy – Peter Obi

Peter Obi, the presidential candidate of the Labour Party in the last general election, has criticized the recent increase of the Monetary Policy Rate...
Akudo Abengowe -
Market

Naira records first gain at official market after rate hike

Naira has recorded a marginal appreciation of 0.39 percent at the official foreign exchange (FX) market, the first gain after the Central Bank of...
Akudo Abengowe -
Market

Eight years after, FG poised to complete $700m OB3 gas pipeline project in March

The Federal Government has announced that the $700m Obiafu/Obrikom/Oben gas pipeline, popularly called OB3, would be completed in March 2024 eight years after the...
Akudo Abengowe -
Market

Top 5 products Nigeria imported from the UK in 2023

The trade partnership between Nigeria and the UK is a testament to the enduring ties and shared interests between the two nations. Both nations...
Akudo Abengowe -
Market

Exchange rate means nothing, what matters to Nigeria is stability – Afreximbank chair, Oramah

The President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), Benedict Oramah says exchange rates don't hold much significance;...
Akudo Abengowe -
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