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The Naira could weaken in 2025, if these risks materialize
1 day ago · The year 2025 is shaping up to be a year of hope or hubris for the Naira. Optimists believe that after two years of wild swings, Nigeria’s currency might finally settle into something resembling stability. The reasons are compelling enough: refineries coming online, reduced petrol imports, and an ...
Tariff increase: Cost of data in Nigeria, Ghana, South Africa, and ...
10 hours ago · But the Minister was unequivocal in dismissing the 100% increment requested by the telecom operators. Cost of data in Nigeria and other markets compared While the NCC has yet to reveal the percentage increment to be implemented, the general perception in the industry is that Nigeria currently has one of the lowest telecom tariffs in Africa, especially for data, …
Naira faces U.S. Dollar firepower amid strong employment data
1 day ago · Nigeria’s fiscal problems could worsen amid higher U.S. yields, making it more expensive to service Nigeria’s dollar-denominated debt. The popular U.S. 10-year Treasury note reached 4.73 percent last Wednesday, its highest level since April 25, amid reports that Trump considered declaring a national economic emergency to provide legal justification for a series …
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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.
NAIRAMETRICS| COMPANY EARNINGS – Investor Relation …
A Federal High Court sitting in Lagos has issued a Mareva Injunction that temporarily restrains the co-founder of Seplat Energy Plc, Dr Ambrose Bryant Chukwuemeka Orjiako, popularly known as ABC Orjiako, and other firms linked to him, from accessing the …
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 ...
Strong US job report increases risk of naira depreciation in 2025
3 days ago · The United States economy delivered a stronger-than-expected jobs report in December, creating 256,000 jobs compared to economists’ expectations of 160,000. This signals a more resilient labor market and is already reshaping expectations around the Federal Reserve’s interest rate policy. For ...
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