Economic Matters

Economic Matters

#BREAKING: NNPC “crashes price of petrol, cooking gas” nationwide

Economic Matters LOCAL NEWS METRO
The Nigerian National Petroleum Corporation (NNPC) has said that their sustained strategic intervention in the efficient supply and distribution petroleum products, has led to a significant reduction in ...
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CBN to stop bank accounts without BVN from August 1

Economic Matters METRO
The Central Bank of Nigeria,CBN, said all customers without Bank Verification Number, BVN, linked to their bank accounts will not be allowed to make withdrawal from those accounts, ...
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Dangote Sold Off His Noodles Company To Indomie

Economic Matters METRO
Dangote Flour Mills has left the noodles business after they sold their assets to Dufil Prima Foods, makers of Indomie noodles, saying it no longer consider it as ...
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Naira Makes U-turn! Drops Value Against USD Again

Economic Matters METRO
AFTER weeks of regaining strength on the foreign exchange market, the naira moved in a reverse direction and dropped, albeit by a small margin, to 385 as against ...
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Naira listed among four worst global currencies in 2016

Economic Matters
A report by Bloomberg LP has rated Nigeria’s naira as one of the world’s four worst performing currencies in 2016. The naira is said to have lost 36.68% ...
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CBN Endorses SSS’ Raid on Currency Traders

Economic Matters
The apex bank in Nigeria has backed the raids by the men of the Secret Service on actors of the parallel market. Godwin Emefiele The Central Bank of ...
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Naira Depreciates Against the Dollar…See the Latest Exchange Rate

Economic Matters
The naira has tumbled after losing ground against the dollar after the CBN supported the crackdown against black market traders by the DSS. *Photo used for illustrative purpose* ...
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Naira Appreciates at Interbank Market

Economic Matters
There are indications that the greenback is set for a value revival following a latest development at the interbank rate. The Naira on Monday gained 50k to exchange ...
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See the Value of the Naira the Black Market Today

Economic Matters
The naira has opened the new week with its usual struggle with the U.S dollar in the parallel market. These are the currency exchange rates for today, November ...
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Bad News! Nigeria’s Recession Worsens as GDP Drops in Third Quarter… See New Details

Economic Matters
New reports have shown that Nigerians may soon have to grapple with even more hard times as the recession worsens. It has been revealed that that Nigeria has ...
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