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Naira rally cools as liquidity tightens, reserves slip
Economy
1 sources

Naira rally cools as liquidity tightens, reserves slip

The naira experienced some pressure in the official foreign exchange market due to tightening liquidity. Additionally, Nigeria's reserves have seen a decline, impacting the currency's performance.

She means Business
Economy
1 sources

She means Business

Nigerian women are playing a pivotal role in transforming the economy with their ambition and strategic initiatives. Their contributions are becoming increasingly visible and impactful.

DMO Targets ₦700bn In Monday April 27 FGN Bond Auction
Economy
2 sources

DMO Targets ₦700bn In Monday April 27 FGN Bond Auction

The Debt Management Office (DMO) aims to raise ₦700 billion in the upcoming FGN bond auction. This move occurs in a context of high yields in the fixed-income market and ongoing liquidity management by the Central Bank of Nigeria.

Dollar Unstable As Traders Assess Stumbling US-Iran Talks
Economy
3 sources

Dollar Unstable As Traders Assess Stumbling US-Iran Talks

The dollar is facing instability as traders evaluate the impact of faltering US-Iran negotiations. This situation is exacerbated by rising oil prices and inflation, which threaten global economic growth.

Inside Nigeria’s pension system scandal
Economy
5 sources

Inside Nigeria’s pension system scandal

A union has threatened legal action against governments failing to pay gratuities in Nigeria's pension system scandal. This highlights ongoing issues within the pension framework that affect many retirees.

ECB Set To Hold Rates Steady With Eye On Iran Crisis
Economy
3 sources

ECB Set To Hold Rates Steady With Eye On Iran Crisis

The European Central Bank is expected to maintain its interest rates amid rising inflation concerns. This decision comes as tensions related to the Iran crisis could further impact economic stability.

Fish farmers struggle for market share as demand rises 21%
Economy
1 sources

Fish farmers struggle for market share as demand rises 21%

Nigerian fish farmers are facing challenges in capturing a larger market share despite a 21% increase in demand for fish imports. This situation highlights the competitive nature of the aquaculture sector in Nigeria.

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