“The average cost of making a pot of jollof rice went up from N8,595 to N9,311 at the end of Q2 2022, an 8.3% increase.”
While the naira fell in value on the black market, it remained N430 to the dollar at the official NAFEX market.
The naira had earlier traded for N620 against the dollar on Monday, then N630 on Wednesday, and N645 on Thursday, before doing N658 today.
In a tweet on Friday, the rights group demanded the unconditional release of the editor, who was arrested alongside four other members of staff of the paper.
“We expected the next PDP president, the late Umar Yar’adua, to continue with the phase two and phase three that would have ended the issue of subsidy.”
Under the governorship of Godwin Emefiele, the Central Bank of Nigeria has failed to mitigate the national currency’s free fall.
MPR is the baseline interest rate in an economy from where every other interest rate used within the economy derives.
“I thank almighty God for choosing me to consistently play an important role in shaping the destiny of our nation’s oil company from the good to the great.”
In a statement on Monday, the airline disclosed that the operations shutdown will be effective from Wednesday July 20, 2022.
