The naira appreciated marginally against the dollar at the official market on Monday, closing at ₦1,545.10 per dollar, a gain from ₦1,549.50 recorded last Friday, according to FMDQ data. Similarly, figures from the Central Bank of Nigeria (CBN) showed a marginal improvement, with
Nigeria’s inflation rate surged to 34.60% in November 2024, up from 33.88% in October, signaling heightened economic hardship for millions of citizens. The National Bureau of Statistics (NBS) disclosed this in its latest Consumer Price Index report, which revealed a 0.72% increase in
Global economic policies are currently under intense scrutiny as inflation rates soar and markets react with volatility. Major economies, including the United States, China, and the European Union, are grappling with the aftermath of aggressive fiscal measures and the lingering effects of the
Macroeconomic and political uncertainties make African real estate unattractive for foreign investments, according to a report by Estate Intel. It noted that the dwindling macroeconomic indicators may affect African real estate in 2024, leading to a decline in market activity across the continent.