Category : Business

Several African countries continue to grapple with high inflation, rising unemployment, and ongoing monetary and fiscal policy adjustments, prompting many central banks across the continent to revise interest rates in the first months of 2025. In its April 2025 World Economic Outlook, the International Monetary Fund (IMF) downgraded economic growth forecasts

In today’s economy, understanding consumer behavior, market trends, and competitive landscapes is crucial for business success. One organization determined to take charge is The Haven Review which is a dynamic market research firm dedicated to helping businesses make informed decisions through street opinions and undiluted point of view. The organisation

The naira continued appreciating against the dollar on Wednesday at the official foreign exchange market after the Eid-el-Fitr holidays. The Central Bank of Nigeria’s data showed that the naira strengthened to N1,531.25 per dollar on Wednesday from N1,536.82 recorded last Friday. This means that the naira gained N5.57 per dollar

The Nigerian naira continued depreciation on Friday at the foreign exchange market to end the week on a negative note. According to the Central Bank of Nigeria’s exchange rate data, the Naira fell to N1,517.24 on Friday from N1,512.30 exchanged on Thursday. On a day-to-day basis, this showed that the

Nigeria’s cost of importing premium motor spirit and other petroleum products soared to N15.4 trillion in 2024 from N7.5 trillion despite the commencement and restart of local refineries in 2024. This is according to the National Bureau of Statistics combined foreign trade data for 2024. The petrol imports dominated foreign trade

The Nigerian naira recorded the highest depreciation against the dollar across official and parallel foreign exchange markets on Wednesday. This comes as the Central Bank of Nigeria’s exchange rate data showed that the Naira fell to N1,500.8 per dollar on Wednesday from N1,498.98 traded on Tuesday. The development means that

The United States should work with China in the same direction to resolve trade disputes through equal-footed consultation, a Chinese spokesperson advised on Tuesday, stressing that pressure or threat will not work. Lou Qinjian, the spokesperson for the third session of the 14th National People’s Congress, China’s national legislature, made

Financial analyst and Chief Economist at SPM Professionals, Paul Alaje, has said that the price of Premium Motor Spirit (petrol) may drop to between N650 and N800 per litre if the price war or competition between Dangote Refinery and the Nigerian National Petroleum Company Limited, NNPCL, continues. Alaje, speaking in

Naira appreciated against the dollar to end on positive note at the official foreign exchange market on Friday. The Central Bank of Nigeria’s exchange rate data showed that the Naira strengthened to N1,492.49 per dollar on Friday from N1,499.07 recorded on Thursday. Accordingly, this showed that the Naira appreciated by

The new Automated Teller Machine, ATM charges imposed on Nigerians by the Central Bank of Nigeria, CBN, came into effect on Saturday. This follows the apex bank’s announcement on 11 February 2025 that, from 1 March 2025, N100 and N450 fees would apply to ATM withdrawals. The CBN explained that the