Naira depreciates marginally against dollar
The News Agency of Nigeria (NAN) reports that the Nigerian currency lost 50 kobo from N365 posted on Wednesday, while the Pound Sterling and the Euro closed at N487 and N436.
'Why commodities prices are high'
Frank Jacob, who is the President of the Manufacturers Association of Nigeria (MAN), told the News Agency of Nigeria (NAN) in Lagos that manufacturers were still burdened by high cost of importation.
Naira: Struggling to keep currency alive
Emefiele affirmed that while CBN has been dynamic in policy options to support the foreign exchange market, and fight the one-time soaring inflation to restore faltering prices and financial stability, the economic structure and outlook remain challenging.
Ekpo: Our economic structure still susceptible to external shocks
IMF and others are saying that we should float. This is not totally a good one. The CBN is fully aware that it will not work, and that is why it decided to be intervening in several ways.
Naira sustains gain at parallel market
At the Bureau De Change (BDC) window, the naira was traded at N363 to the dollar, while the pound sterling and the Euro closed at N477 and N428, respectively.
MTN returns to profit, laments weakness of naira
In its first half-year financial report, released yesterday in Johannesburg, South Africa, MTN said it was on track to meet the financial year 2017 guidance, which it disclosed in March 2017.
NBS attributes 28.9% increase in export to depreciation of naira
The National Bureau of Statistics (NBS) has said that the increase in the value of exports put at 28.9 per cent and 3.8 per cent towards the end of second and third quarter of 2016 was due to the depreciation of the naira.
Multiple charges cost local airlines 65 per cent revenue
Apparently unable to pay the bills amidst other critical obligations that include maintenance, fuel and personnel, the airlines are more in financial distress with the attendant debt burden cumulatively estimated at N15 billion.