Latest

    Business

    Home Business Page 5

    HOW AFRICA CAN INCREASE HER INPUT INTO THE GLOBAL GDP AND...

    Njenje Media News - 0
    Nigeria’s Debt Hits N42.8 Trillion Amid Shrinking Revenue

    World Bank, China… Here Are Nigeria’s Top Five Creditors

    Njenje Media News i - 0

    UK Government Publishes Names Of 56 Dead Nigerians With Unclaimed...

    Njenje Media News - 0
    The Federal Government expects the naira to weaken further over time even after the local currency showed signs of recovering from a record low on Thursday, Bloomberg reported the Minister of Finance, Budget and National Planning, Zainab Ahmed, as saying yesterday. According to the news agency, the minister said in an interview in Egypt that “it (naira depreciation) will happen with time,” without giving any time line. Ahmed also reportedly ruled out Nigeria taking on an International Monetary Fund (IMF) programme to address the country’s fiscal challenges, which include plummeting revenues and rising debt service costs. The naira gained 0.0367 per cent to N435.84 per dollar on the spot market as of 5:30 p.m. in Lagos on Thursday, after recovering from a record low of N436/$1 to the greenback on Wednesday. However, on the parallel market yesterday, the local currency dropped to N708 per dollar from N707/$1 on Wednesday. Nigeria maintains multiple exchange rates dominated by a tightly controlled official rate and the unauthorized parallel rate at which many Nigerians get dollars, which is roughly 60 per cent weaker. The World Bank and IMF have urged Nigeria to unify its rates.

    Naira Likely To Weaken Further — Finance Minister, Zainab Ahmed

    Njenje Media News i - 0

    Banks Digitisation Move In Jeopardy Due To Mass Resignation Of Software...

    Njenje Media News i - 0
    CBN Raises Interest Rate To 14%

    CBN Hikes Interest Rate To 14 Percent

    Njenje Media News i - 0
    inflation

    High Food Costs, Election Spending Push April Inflation To 16.82% —...

    Njenje Media News i - 0

    Anambra Catholic Priest Lauds Prof Nnaji for Building Geometric Power

    Njenje Media News - 0
    ECOWAS imposes economic,political sanctions on Mali after delay in election

    HOW AFRICAN COUNTRIES CAN USE THE CURRENT BOMBARDMENT OF UKRAIN BY...

    Njenje Media News - 0

    Gov. Soludo Meets With Leaders Of Foreign Missions & Country Representatives...

    Njenje Media News - 0
    1...456...10Page 5 of 10

    EVEN MORE NEWS

    POPULAR CATEGORY

    © All Right Reserved | Njenje Media News 2025