Pascal Oparada
5951 articles published since 29 Nov 2021
5951 articles published since 29 Nov 2021
Nigerian banks, led by CBN's new policy, raise savings interest rates. But inflation outpaces yields, leaving many households feeling financial strain.
The naira appreciates by 0.99% to ₦1,344.42/dollar, supported by $50 billion reserves amid rising oil prices and geopolitical tensions impacting market stability.
Nigeria has launched the iDICE Startup Bridge, granting early-stage entrepreneurs up to N10 million in support, mentorship, and access to equity to boost innovation.
Nigeria faces rising petrol prices as global crude supply disruptions impact costs. Analysts warn of volatility ahead, urging improved domestic refining policies.
Dangote Industries secures a $4.2 billion gas deal for a $2.5bn fertiliser plant in Ethiopia, enhancing agriculture and creating thousands of jobs in East Africa.
The naira appreciates in official and parallel markets as the CBN injects $700 million, boosting confidence and pushing reserves past $50 billion.
Amid rising petrol prices over N1,200, Nigerian marketers import fuel to stabilise supply, challenging Dangote Refinery's dominance in the evolving market landscape.
Nigeria's food inflation rose to 12.12% in February, reversing January's decline, as prices for staples like rice and yams surged, impacting households nationwide.
Nigeria faces potential petrol price hikes amid global oil market tensions as the Strait of Hormuz blockade escalates, with crude prices projected to reach $150.
Pascal Oparada
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