Tag: Naira
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Understanding how CBN’s new record high interest rate affects you
The Central Bank of Nigeria has raised its benchmark interest rate to a new record high in a bid to force inflation down and...
CBN likely to raise interest rate again as naira declines
The naira's continued slump and Nigeria's persistently high inflation are likely to force the Central Bank of Nigeria (CBN) to raise interest rates yet...
Nigeria’s inflation soars to 33.67%, piling pressure on consumers
Nigeria's inflation rate continued its relentless climb in April 2024, reaching 33.69%, according to data released by the National Bureau of Statistics (NBS) today.
This...
Naira tumbles past 1,500 to dollar – first time in 2 months
The Naira extended its latest decline Tuesday, tumbling below N1500 on the parallel market for the first time in two months and dimming hopes...
Dangote says devaluation of naira “biggest mess” of 2023
Nigerian billionaire Aliko Dangote has blamed the Nigerian government's devaluation of the naira for his company's woes in 2023, calling it the “biggest mess”...