dollars
31 Oct
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Thursday revealed a new government policy that would permit Nigerians who currently hold dollars outside the formal banking system to return those funds into the financial system. Edun said such individuals have a nine-month grace period to comply with the directive without attracting…
29 Oct
The Naira on Monday depreciated at the official market, trading at N1670.65 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N70.65. This represents a 4.41 per cent loss when compared to the previous trading…
24 Oct
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, stated that Nigeria would continue to prioritise
30 Jul 2024
As the Nigerian economy grapples with fluctuations in the exchange rate and rising inflation, resulting in the astronomical increase in prices of goods and services
26 Jul 2024
The Central Bank of Nigeria (CBN) has disbursed $148 million to 29 authorised dealers to stabilise the foreign exchange market amid the recent decline of the naira. The CBN, in a statement on its website, said the sales occurred on July 22 and 23, 2024, with exchange rates ranging from N1470.00 to N1510.00 per dollar.…
Latest
1 day ago
Economic expert, Ismaila Yusuf Atus, has raised concerns about the slow progress of gender equality across the world, stressing the urgent need for systemic change to close the global gender gap. In a statement to mark this year's International Women's Day, on Saturday, Atus, who is the Managing Director of Atus West African Investment, noted…
1 day ago
A former militant leader in the Niger Delta and prominent member of the third phase of the Presidential Amnesty Programme (PAP), Osaanya Ossanya has accused some failed politicians of working hard to discredit the good works of the National Security Adviser, Mallam Nuhu Ribadu. He stated that these politicians and their collaborators are not happy…
1 day ago
Syrian security forces deployed heavily in the Alawite heartland on the Mediterranean coast on Saturday, after a war monitor reported that government and allied forces killed more than 500 civilians from the religious minority in recent days. Residents of the region continued to report killings of civilians after deadly clashes broke out on Thursday between…
1 day ago
France on Saturday condemned violence in Syria targeting "civilians because of their faith, and prisoners", as a war monitor said more than 500 Alawites have been killed in recent days. A French foreign ministry statement called on Syria's new authorities "to ensure that independent investigations can shed light on these crimes, and that the perpetrators…
1 day ago
Afrobeat artist Sizzy Benjamin, born Praise Okocha Benjamin, is set to release his highly anticipated single “I Go Win” on March 20, 2025. Signed to Red Nation Records, Sizzy shared his excitement with fans, revealing that the song is deeply personal and inspired by his journey of overcoming challenges and striving for success. “I Go…
1 day ago
Germany's conservative election winner Friedrich Merz said on Saturday he had agreed on tough restrictions on irregular immigration in talks with his likely future governing partners. Europe's biggest economy would reject undocumented migrants at its borders, including asylum seekers, said Merz of the CDU/CSU bloc after concluding exploratory talks with the centre-left SPD. After days…
1 day ago
A former militant leader in the Niger Delta and prominent member of the third phase of the Presidential Amnesty Programme (PAP), Osaanya Ossanya has accused some failed politicians of working hard to discredit the good works of the National Security Adviser, Mallam Nuhu Ribadu. He stated that these politicians and their collaborators are not happy…
1 day ago
Iran's supreme leader Ayatollah Ali Khamenei on Saturday slammed what he described as bullying tactics a day after US President Donald Trump threatened military action against Iran. "Some bully governments -- I really don't know of any more appropriate term for some foreign figures and leaders than the word bullying -- insist on negotiations," Khamenei…
1 day ago
Transnational Corporation Plc, Nigeria’s leading listed conglomerate, has announced its financial results for the year ended December 31, 2024. Consistent with its track record, the Group sustained its strong growth trajectory across its financial indicators, reinforcing its market leadership and strategic positioning. In its audited results, Transcorp reported significant year-on-year growth, with a revenue of…
1 day ago
Liverpool survived a scare from Southampton as Mohamed Salah and Darwin Nunez inspired the fightback in a 3-1 win that lifted the Premier League leaders 16 points clear at the top on Saturday. Arne Slot's side were rocked by Will Smallbone's first half opener for bottom of the table Southampton at Anfield. But Liverpool recovered…