Nigeria’s foreign reserves rise to $40.167bn
Nigeria’s foreign reserves increased to $40.167 billion as of November 11, 2024, for the first time since 2022.This is according ...
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Tag: Economy
Zimbabwe Drops ‘battered’ Dollar, Introduces Gold-backed ‘ZIG’
Zimbabwe has introduced a new gold-backed currency called ZiG - the name stands for "Zimbabwe Gold".It is the latest attempt ...
Fuel Subsidy reportedly back as FG pays N169.4 billion in August
The federal government reportedly paid N169.4 billion as subsidy in August to keep the pump price at N620 per litre.According ...
Nigeria has no reason to Import Petrol – Delta Gov
Delta State Governor, Rt Hon Sheriff Oborevwori, Tuesday, urged the Federal Government and relevant stakeholders to work towards revitalising the ...
Nigeria’s minerals deposit worth $700billion – Alake
The Minister of Solid Minerals Development, Dele Alake, said Nigeria’s minerals deposit is worth $ 700 billion, saying the nation’s ...
Cardoso faces tough test amid FX crisis, rising rates
The newly nominated Governor of the Central Bank of Nigeria, Yemi Cardoso, has to tackle the country’s foreign exchange shortage ...
Nigerians are hungry, facing hardships – Emir Of Kano tells Tinubu
Aminu Ado Bayero, emir of Kano, says rich Nigerians should help those in need around them.Speaking with journalists on Saturday ...
Innoson faces stiff competition as new auto manufacturing firm begins construction of CNG vehicle factory
Innoson Vehicle Manufacturing (IVM), Nigeria's leading automobile manufacturer, is facing stiff competition from a new auto manufacturing firm that has ...
Naira strengthens, trades at N736/$ at I&E window
The naira strengthened against the dollar on Thursday, trading at N736.62 per dollar at the I&E window.The I&E window is ...
Nigeria recorded N2.2trn trade surplus in first Half of 2023 – NBS
The National Bureau of Statistics (NBS) says Nigeria recorded a N2.22 trillion trade surplus between January and June of 2023.The ...
