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Naira weakens to N562/$ in parallel market amid drop in inflation

NIGERIA'S naira is sinking against the dollar in the parallel market, closing at N562/$ on Wednesday against N557/$ at the market opening. On the Importers/Exporters...
Arinze NWAFOR -

Manufacturers, traders, transporters driving Nigeria’s growth -NBS data

THE Gross Domestic Product (GDP) data for the second quarter (Q2) of 2020 released by the National Bureau of Statistics (NBS) on Thursday showed...
Damilola OJETUNDE -

Nigeria’s July inflation drops marginally, but the economy isn’t getting better

The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation has dropped to 17.38 per cent on a year-on-year basis, representing a marginal...
Arinze NWAFOR -

Internet usage drops by 6% as Airtel, MTN, Glo lose subscribers

THERE was a decline in the number of Nigerians who made use of internet and carried out voice calls in the first quarter (Q1)...
Arinze NWAFOR -

Factory output expands as Nigerian economy records slight recovery

THE Nigeria's Gross Domestic Product (GDP) grew by 0.51 per cent in real terms in the first quarter (Q1) of 2021, marking two consecutive...
Odinaka ANUDU -

Nigeria’s inflation drops, but economy still in slump

THE Consumer Price Index (CPI) released on Tuesday by the National Bureau Statistics (NBS)  indicated that the country’s inflation rate dropped to 18.12 per...
Damilola OJETUNDE -

Only Lagos, FCT, Ogun are fiscally sustainable as states’ IGR declines in 2020

THE Internally Generated Revenue (IGR) by States released on Friday shows that only Lagos, the Federal Capital Territory (FCT) and Ogun State are fiscally...
Damilola OJETUNDE -

Nigeria’s cost of living worsens as inflation rate spikes to 18.17%

INFLATION rate in Nigeria has increased to 18.17 per cent in March 2021, indicating the highest level since January 2017, the Consumer Price Index...
Damilola OJETUNDE -
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