On Thursday, December 21st, 2023, the Nigerian naira experienced a marginal dip at the official market, closing at N861.91 per US dollar, marking a 0.85% depreciation compared to the previous day’s closure at N854.61 per dollar. Notably, the intraday high soared to N1249/$1, while the intraday low was N700/$1, indicating a wide margin of N549/$1. … Ler mais
Infrastructure Corporation (Infracorp) has initiated a significant move toward achieving the Federal Government’s $1 trillion economy target by finalizing a Memorandum of Understanding (MoU) for establishing a power plant. The agreement, signed at the 28th session of the Conference of Parties (COP28) in Dubai, United Arab Emirates, involves the establishment of a 1 Gigawatt (GW) … Ler mais
The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has made its first interest rate decision under the Bola Tinubu administration, raising the monetary policy rate (MPR) from 18.5 percent to 18.75 percent. This decision comes after other monetary policy actions, including the naira float, were taken by the bank since the new government took … Ler mais