Annual inflation in Nigeria stood at 11.44 percent in December, up from 11.28 percent in November, the National Bureau of Statistics said on Wednesday in a report.
Inflation on the food price index was 13.56 percent, up from 13.30 percent. Reuters
In its relentless move to guarantee liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has intervened in the Retail Secondary Market Intervention Sales (SMIS) segment of the market to the tune of $396.18million. According to figures obtained from the CBN on Friday, April 20, 2018, the released sum is meant to […]
Volkswagen has signed a Memorandum of Understanding with the Government of Ethiopia for the development of an automotive industry including the establishment of an assembly plant in the country. Ethiopia has thus become the third country in the sub-Saharan Africa to sign a MoU with Volkswagen in the last six months. This is coming after […]
Brent crude is likely to trade in the range of $70-$80 (Dh257.11-Dh293.84) per barrel in the coming days due to supply concerns stemming from the decision of US President Donald Trump to reimpose sanctions on Iran, one of the biggest producers of oil in the world. According to analysts, Iran’s crude oil exports have fallen […]