Adedapo Adesanya

By Adedapo Adesanya The Naira appreciated by 2.3 per cent month-on-month against the US Dollar, averaging N1,500.97 per Dollar in February compared to N1,535.95 per Dollar in January 2025. This is according to recent data from the Central Bank of Nigeria (CBN), which showed that

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange suffered a 0.26 per cent decline on Wednesday March 19 after the two securities closed lower and one appreciated. Afriland Properties Plc depleted by N1.67 to trade at N19.52 per unit compared with the

By Adedapo Adesanya It was still a bad day for the Naira in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Wednesday, March 19 as its value further depreciated by a 0.74 per cent or N11.40 on the US Dollar to close at N1,547.52/$1 compared with the previous day’s

By Adedapo Adesanya The oil market was up on Wednesday after US government data showed a mixed outcome in inventories data as Brent appreciated by 22 cents or 0.31 per cent to $70.78 a barrel and the US West Texas Intermediate (WTI) crude gained 26 cents or 0.39 per cent to trade

By Adedapo Adesanya A new survey carried out by the Central Bank of Nigeria (CBN) foresees a gradual drop in Nigeria’s inflation rate over the next six months. This is contained in its newly released report on inflation expectations for February 2025. According to the

By Adedapo Adesanya The Nigerian Extractive Industry Transparency Initiative (NEITI) has disclosed that the Federation Accounts Allocation Committee (FAAC) disbursements to the federal, state, and local governments rose by 43 per cent in 2024, indicating a significant rise in