Saturday, May 21, 2022

Economy

May 18, 2022

Dip: Naira exchanges at N419.25 per dollar at official window

The dip represents 0.18 depreciation having exchanged at 418.50 per dollar on Tuesday.

Emefiele, Naira/Dollar
May 18, 2022

Farmers not repaying loans; believe it’s ‘national cake’, CBN laments

Mr Ajayi said their refusal to pay back the loans have made it difficult for others to access the loan.

CBN Governor, Godwin Emefiele. [CREDIT: Bloomberg]
May 18, 2022

Sri Lanka runs out of petrol amid economic crisis

Meanwhile, the country has received a $160 million grant from the World Bank.

Prime Minister Ranil Wickremesinghe
May 18, 2022

Chinese yuan strengthens against U.S. dollar

In China’s spot foreign exchange market, the yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.

Chinese Yuan and American Dollar
May 18, 2022

Dangote broke, doesn’t have $1.1 billion needed to complete refinery: Fitch

Fitch Ratings released a company overview for the company, revealing that Mr Dangote invested all of his money and borrowed additional funds to finance the project.

Dangote
May 17, 2022

Petrol price increased to N172.61 in April: NBS

The highest average retail price was Kaduna with N202.94, followed by Enugu and Abia with N197.51 and N195.27.

NNPC
May 17, 2022

Naira appreciates by 0.71% to exchange at 418.50 per dollar

A total of 105.11 million dollars was traded in foreign exchange at the official Investors and Exporters window on Tuesday.

Dollar and Naira
May 17, 2022

Stock market records further loss of N101 billion

The market capitalisation lost N101 billion to close at N28.442 trillion from N28.543 trillion achieved on Monday.

Nigerian Exchange
May 17, 2022

Fuel marketers beg Buhari regime to clear N40 billion debt

IPMAN said the debt was from haulage of petroleum products to Sokoto, Kebbi, Zamfara and parts of Katsina by its members.