Ogun State, Nigeria, World News & Stories
5 posts.
Speculations emerged on Friday regarding the appreciation of the Nigerian naira against the U.S. dollar, both in the official and parallel markets. The naira reportedly reached one of its highest values since September when the exchange rate exceeded N1000 per dollar. Financial analysts and parallel market traders shared insights with FIJ to shed light on…
In a move that reverberated through Nigeria’s economic landscape, the Central Bank of Nigeria (CBN) recently announced the lifting of the ban on the importation of toothpicks and 42 other items. This decision, part of a broader policy shift, holds both promise and challenges for the nation. In this editorial, we delve into the historical…
The Central Bank of Nigeria (CBN) has lifted its ban on the importers of toothpick and 42 other items that were previously restricted by a 2015 Circular. Some of the other items that have been removed from the list of prohibited items include: The CBN announced that importers of these items are now allowed to…
Building materials prices remain high despite Dollar crash. Prices of building materials have remained unchanged in spite of the Naira appreciating in value at the foreign exchange market. Some said in interviews with the News Agency of Nigeria (NAN) in Abuja on Thursday said prices remained unchanged because they bought the goods when the exchange…
Dollar and other foreign currencies speculators have abandoned their positions with huge losses in the neighbourhood of N45 billion. This is according to a report by Economy Editor of Vanguard, Emeka Anaeto. According to him in the said report, ” wave of political pressures may have forced the emergence of a new order in the…
