Nairametrics - Business news, Economy, Investing, and Financial …
Destination for Business news, financial literacy, economy, and analysis from Africa's largest economy and Nigeria news.
Nigeria’s inflation expected to settle at 27.1% by December 2025 ...
1 day ago · By December 2025, inflation is expected to settle at 27.1%, down from an average of 30.5% year-on-year. This decline will likely be driven by the normalization of petrol prices, improved exchange rate stability, better fiscal management, and increased agricultural output.
The Nigerian 28 Million gap and the game changer (MREIF)
3 days ago · Stay informed: Follow updates from the Ministry of Finance and Housing on the MREIF rollout. Start planning: Even if you’re not ready to buy immediately, begin budgeting and improving your financial health.; Explore the opportunity: Engage with developers providing homes under the scheme for possible home options you can acquire.; The housing crisis in Nigeria is real, but for the first time ...
Nairametrics
Nairametrics Apps. Treasury Bill Calculator. Tax Calculator
Nairametrics Newsletters
Stock Select Finance Agrotech Markets Bonds Dividends Forum | Nairametrics Stocks
Naira loses steam, drops against the dollar at parallel market as ...
Dec 10, 2024 · Local currency drops at the official EFEM market. Also, according to data from the CBN, the naira depreciated at the official EFEM market trading at N1538.5 on Monday, December 9, 2024, as against the N1535/$1 recorded on Friday, December 6, 2024.
Naira shows mixed performance; depreciates to N1730 in parallel …
Oct 26, 2024 · What to expect With the naira recently breaching the N1,700/$1 mark, there is potential for a short-term recovery. Global oil prices have now stabilized between $79 and $81 per barrel, and the Central Bank of Nigeria’s (CBN) consistent interventions may help ease some inflationary pressures, fostering a more positive outlook for the naira.
Naira shows stability in official market, maintains N1,550/
Dec 18, 2024 · The Nigerian naira showed stability in the official market as demand for the greenback moderated during the second trading session of the week. CBN data highlighted that the local currency settled at N1,534 against the dollar on Tuesday, marginally less than the N1,533.56 quoted at the Electronic ...
Naira drops to N1,660.49 in I&E Window despite surge in market …
Oct 17, 2024 · Market Turnover: Market activity intensified, with total traded volumes in the I&E window climbing to $330.18 million, compared to $177.10 million the day before. For perspective, the total market turnover for September stood at $3.3 billion. Parallel Market Rates: In the parallel market, the naira opened at N1,634.56 per dollar, fluctuating between highs of N1,637.97 and lows of N1,633.59 ...
Naira sends mixed signals as Dollar shows some strength
Aug 22, 2024 · The naira displayed mixed signals against the dollar in Nigerian FX markets on Thursday. The greenback rose from seven-month lows amid some bargain hunting, though dollar gains were capped by expectations of interest rate cuts.