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Nigeria inflation rate rises to 33.69%
15 mai, par Suotunimi OrufaNigeria’s economy continues to follow a worrisome trend. The country’s headline consumer inflation rose to 33.69% year over year in April, up from 33.20% in March. This information was revealed by Nigeria’s Bureau of Statistics today, March 15th, 2024. Nigeria’s Inflation on the Rise Nigeria, (...) -
Bureau De Change (BDC) blames inadequate forex allocation for depreciation of Naira
15 mai, par Mfon UmanaA senior official of the Association of Bureau De Change Operators (ABCON) who strictly decided to remain anonymous gave insight into the ongoing depreciation of Naira. The anonymous official stated that the lack of supply was the leading cause of this depreciation. The anonymous official (...) -
Dollar (USD) to Naira (NGN) Black Market Exchange Rate Today, May 15th 2024
15 mai, par Mfon UmanaThe black market exchange rate and the CBN exchange rate are not the same. The pronounced similarity is that they have both been unstable for a few months. Waking up to new exchange rates is sadly no longer news. Nevertheless, we will keep you up to date with the Dollar to Naira Black market (...) -
Canadian Dollar to Naira Black Market Exchange Rate Today
10 mai, par Suotunimi OrufaThe official exchange rate of the Canadian dollar (CAD) to the Nigerian Naira (NGN), as of today, 10th May 2024, is ₦1,049 per Canadian dollar. The black market offers a higher selling rate than the official market. Canadian Dollar (CAD) to Naira (NGN) Exchange Rates Today CBN Official Rate: (...) -
How Egypt’s external debt reached $168.0 billion in three months
10 mai, par Suotunimi OrufaEgypt’s external debt is on an alarming trend. According to data released by the central bank of Eygpt, the total external debt reached $168.0 billion at the end of December 2023. This represents a $3.5 billion increase in three months. This rising debt burden suggests that the country might (...)