Day: April 25, 2024

Consumers lament as food prices rise 30% in eight states

Prices of essential food items have gone up by at least 30 per cent between December and April in at least eight states, according to surveys by our correspondents. The development has made consumers groan, saying the hikes in the prices of goods have affected their budgets. Prices of food items have continued to soar […]

Naira extends decline at official market as rate hits N1,308/$

The naira weakened for a fourth straight day at the official market (NAFEM) on Wednesday, sliding to a low of N1,308 per US dollar, according to data by the FMDQ Securities Exchange, as dollar supply thinned. The naira also fell on the black market despite the CBN’s dollar sales to BDCs on Monday. A dollar sold for N1,350/$ in […]

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