Results for "Elizabeth Adegbesan"

By Elizabeth Adegbesan The Naira yesterday depreciated to N1,410 per dollar in the parallel market, from N1,405 per dollar on Tuesday.

—Driven by hike in prices of beans, yam flour, others —Kogi, Benue, Anambra record highest headline food inflation rates; Katsina, Imo, Ebonyi lowest By Elizabeth Adegbesan LAGOS — Nigeria’s annual food inflation rate reversed a six-month downward trend, rising to 12.2 per cent in February, from 8.89 per cent in January, driven by prices of beans, […] The post After 6-month break, food inflation resumes upward climb, rises 12.12% ———– 5 Lead Story appeared first on Vanguard News.

•Annual trade surplus rises 5.3% to N17.8trn By Elizabeth Adegbesan & Progress Godfrey Nigeria recorded a 121 per cent, year-on-year (YoY) decline in trade surplus to N1.71 trillion in the fourth quarter of 2025, from N3.42 trillion in the same period of 2024. Similarly, on a quarterly basis, the country’s trade surplus fell by 71 percent, Quarter-on-Quarter […] The post Nigeria’s trade surplus slumps 121% to N1.7trn in Q4’25 appeared first on Vanguard News.

…As low domestic demand reduces oil import By Elizabeth Adegbesan Nigeria recorded a  $1.28 billion trade surplus in November 2025, representing a 4.1 percent month-on-month increase compared to a N1.23 billion surplus recorded in the previous month, October.  This development was triggered by an 8.07 percent decline in import bill during the review period. Breakdown […] The post Decline in import bills triggers $1.28bn trade surplus appeared first on Vanguard News.

…Crude oil exports decline 14.41% to $31.54bn…Foreign portfolio investments down 48.3% to $8.04…Current account surplus falls 26%By Babajide Komolafe, Economy Editor and Elizabeth Adegbesan Nigeria’s…

By Elizabeth Adegbesan The Federal Government’s spending on debt service payments fell year-on-year (YoY) by 38.5 percent to $405.3 million in January 2026 from N659.7 million in the corresponding period of 2025. Analysis of data contained in the Central Bank of Nigeria’s, CBN, International Payment report showed that the downward trend also reflected in the federal […] The post FG’s spending on domestic debt service falls 38% to $405.3m appeared first on Vanguard News.

…as currency outside bank drops 3% •Credit to govt, private sector shrinks  By Elizabeth Adegbesan Nigeria’s money supply (M²) fell by 0.8 percent month-on-month (MoM) to N123.4 trillion in January 2025 from N124.4 trillion in December 2025, indicating low liquidity in the banking system despite a decline in interest rate. Central Bank of Nigeria (CBN) Open Market […] The post Nigeria’s money supply drops slightly to N123trn appeared first on Vanguard News.

By Elizabeth Adegbesan The Naira yesterday depreciated to N1,391 per dollar in the parallel market from N1,350 per dollar on Tuesday. Likewise, the naira depreciated to N1,359.5 per dollar in the Nigerian Foreign Exchange Market, NFEM. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to […] The post Naira depreciates to N1,391/$ in parallel market appeared first on Vanguard News.

By Elizabeth Adegbesan A Central Bank of Nigeria, CBN, survey has showed that 42.7 percent of respondents perceived interest rates on bank loans to be high in the past three months.

By Elizabeth Adegbesan Net foreign exchange (Forex) inflow into the Nigerian economy fell by 18.3 per cent, year-on-year (YoY), to $61.29 billion in the eleven months ended November 2025 (11M’25), from $69.61 billion recorded in the corresponding period of 2024. This was as a result of  a 25.2 percent and 3.5 percent decline in inflows through […] The post Net foreign exchange inflow falls 18% to $61.3bn appeared first on Vanguard News.

By Elizabeth Adegbesan The Naira yesterday depreciated to N1,376 per dollar in the parallel market from N1,370 per dollar on Monday. Similarly, the naira depreciated for the second time this week to N1,390 per dollar in the Nigerian Foreign Exchange Market, NFEM. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange […] The post Naira depreciates to N1,376/$ in parallel market appeared first on Vanguard News.

By Elizabeth Adegbesan The naira yesterday depreciated to N1,359 per dollar in the Nigerian Foreign Exchange Market, NFEM.However the Naira remained stable at N1,360 per dollar in the parallel market. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,359 per dollar from N1,353.5 per […] The post Naira appreciates to N1,359/$ in official market appeared first on Vanguard News.