FX Market
23 Feb
Amid the worsening economy occasioned by galloping inflation, the federation revenue rose to N2.068 trillion in January out of which the Federation Allocation Committee (FAAC) yesterday shared N1.149 trillion to the Federal Government, States and Local Government Councils. This was contained in the communiqué issued at the end of the FAAC meeting in Abuja.
22 Jan
President Bola Tinubu is starting to look like a poor economic manager as widespread scepticism sweeps across the economy less than a month into a year, a situation many pointed to as a turning point in the failing economy.
11 Sep 2023
FMDQ Securities Exchange has posted a total turnover of $445.58 million in its foreign exchange (FX) spot and derivatives markets segment for the week ended September 8, 2023.
2 Aug 2023
August Economic Outlook of PwC foresees a sharp depreciation of naira and the resultant increase in the cost of importation could force many domestic firms to adopt a more aggressive local input sourcing.
3 Jul 2023
In his inaugural speech, President Bola Tinubu mentioned that monetary policy needed thorough ‘housecleaning’. Since then, Godwin Emefiele has been suspended as the governor of the Central Bank of Nigeria (CBN) and the FX market is undergoing rapid changes for the better.
3 Jul 2023
The Chief Executive Officer of the Centre for Promotion of Private Enterprises (CPPE), Dr. Muda Yusuf, has charged the Central Bank of Nigeria (CBN) to put measures in place to check high market volatility that has trailed official foreign exchange (FX) trading since June 14, when the current model was adopted.
30 Jun 2023
In his inaugural speech, President Bola Tinubu mentioned that monetary policy needed thorough ‘housecleaning’. Since then, Godwin Emefiele has been suspended as the governor of the Central Bank of Nigeria (CBN) and the FX market is undergoing rapid changes for the better.
29 Jun 2023
The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) said the reforms in the foreign exchange (FX) market are critical to enhancing the nation's currency stability and also combat inflation.
Latest
NOW
A Muslim pupil lost a UK court challenge Tuesday against a top London school's ban on prayer rituals, in a case about freedom of religion in schools that captured national attention. The student, who cannot be named, took legal action against Michaela Community School in northwest London, claiming the policy was discriminatory and "uniquely" affected…
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Hajia Asma’u Malami, the wife of late Nigerian Ambassador to South Africa, Alhaji Shehu Malami, has dragged her stepson and stepdaughter to Court over her husband’s will. Other plaintiffs are Mustapha, Sadiq, Amina, Zainab and A’isha, children of the late Malami and Asma’u The respondents are also deceased children, Aminu and Hafsat. At the resumed…
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Germany's foreign minister called Tuesday for the European Union to impose fresh sanctions on Iranian drone technology after Tehran's weekend attack on Israel. The 27-nation bloc has hit Iran with a barrage of sanctions in recent years, including over its drone supplies to Russia, which has frequently used the Iranian-made weapons in its war against…
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The Nigerian Civil Aviation Authority (NCAA) has suspended the licenses of three private jet owners for carrying out commercial flight operations. The Acting Director NCAA Captain Chris Najomo who announced the suspension in a video press release poster on the official X handle of the authority did not mention the name of the suspended private…
1 hour ago
The Kano State Anti-Corruption and Public Complaints Commission has filed new charges bordering on corruption and maladministration against former governor, Abdullahi Ganduje. Chairman of the anti-corruption commission, Muhuyi Magaji, disclosed this in an interview on Channels Television’s Sunrise Daily programme on Tuesday. Magaji said the initial allegations against Gandujel were the tip of the iceberg…
1 hour ago
The National Examinations Council (NECO) has re-scheduled the 2024, National Common Entrance Examination into Federal Unity Colleges as well as Federal Government Academy, Suleja, NECO spokesperson Azeez Sani in a statement on Tuesday, said the National Common Entrance Examination which was earlier scheduled to be held on 20th April 2024, will now be held on…
2 hours ago
Ahead of the Peoples Democratic Party (PDP) National Executive Committee meeting, scheduled for Thursday, April 18, a PDP support group, known as PDP Restructure Movement has endorsed former deputy governor of Kogi State, Phillips Salawu, as the next National Chairman of the party. The group led by Isa Mu'azu in a statement said that in…
2 hours ago
The National Examinations Council (NECO) has re-scheduled the 2024 National Common Entrance Examination into Federal Unity Colleges and the entrance examination into Federal Government Academy, Suleja. This is contained in a statement made available to newsmen in Abuja on Tuesday by Azeez Sani, acting Director, Information and Digital Communication, of the council. Sani stated that…
2 hours ago
An 88-year-old man from the French island of Reunion was sentenced on Monday to 20 years in prison for killing his ill wife and her in-house carer, a judicial source said Tuesday. The accused, a retired teacher, said that he had acted out of compassion because his 78-year-old spouse suffered from Alzheimer's disease. The double…