Naira
29 Oct
A Financial expert, Mr Okechukwu Unegbu, says improved local production of commodities, increased consumption of local products, and reduced importation of goods and services will help to stabilise and strengthen the Naira.
27 Oct
The naira has appreciated for the first time in three weeks after trading at N1113 to the dollar on Friday.
26 Oct
The free fall of the Naira continued yesterday as it fell to N1, 290 to $1 in Abuja and other markets.
23 Oct
Inflation rate is projected to increase by 83 basis points (bps) year-on-year (y/y) to 27.54 in October.
16 Oct
Naira depreciated by 2.3 per cent to N759.20 (as of 12 October) at the Investors’ and Exporters’ (I&E) window, with total turnover at the window (as of 12 October 2023) increasing by 79.1 per cent WTD to $629.37 million, as trades were consummated within the N700 –N846/$ band. Last Friday, naira depreciated by 0.75 per…
13 Oct
.Dollar sustains upward swing as pressure on supply intensifies Nigeria’s currency, the Naira, is still under immense pressure as the Central Bank of Nigeria (CBN) continues to explore new mechanisms to address the forex challenge. The CBN Governor, Oluyemi Cardoso, in a policy document released in Abuja, said the apex bank is currently evaluating how…
10 Oct
The House of Representatives has urged the Central Bank of Nigeria (CBN) to implement monetary policy adjustments to stabilise the currency. The call is sequel to a unanimous adoption of a motion by Rep. Ismaila Dabo (APC-Bauchi state) at plenary on Tuesday in Abuja. Morning the motion, Dabo recalled that in June 2023, President Bola…
9 Oct
Aggregate loans in the books of eight Nigerian banks expanded to N30 trillion in the first half (H1) of the year, expert analysis has said.
5 Oct
The World Bank has listed the Nigerian naira among the worst-performing currencies in Africa.
27 Sep
There are clear indications that more manufacturing companies and businesses in the country may shut down in the coming months due to the unabating energy crisis, which has now pushed diesel prices to over N1,100 per litre.
27 Sep
The Senate has confirmed the appointment of Yemi Cardoso as the Central Bank of Nigeria (CBN) governor and four others as deputy governors of the apex bank.
27 Sep
Nigeria might not achieve a single exchange rate, despite unification of the naira, the Special Adviser on Economic Affairs (Office of the Vice President), Tope Fasua, said in Abuja, yesterday.
Latest
1 hour ago
From the deputy chairman of the House of Representatives committee on media and public relations, Dr Philip Agbese came the assurances that there would be a sound working relationship between the House and the Executive arm.
3 hours ago
*Demand for local grows by 284% Spotify has unveiled this year's edition of Wrapped, its highly anticipated yearly recap of listeners' musical journeys. This immersive experience provides users with a comprehensive overview of their year in music, allowing them to reflect on their preferences and discover hidden gems. This year's Wrapped showcases the remarkable diversity…
4 hours ago
Prominent Civil Rights Advocacy Group, Human Rights Writers Association of Nigeria (HURIWA) has faulted President Bola Tinubu’s recent reconstitution of the management board of the Nigeria National Petroleum Company Limited, saying it breached a binding Judgement of a competent court of law.
4 hours ago
LAGOS, Nigeria, 29 November 2023 -/African Media Agency(AMA)/- FBS, a leading global broker, collaborated with the charity organization Helpers Social Development Foundation (HSDF) to improve the educational experience for students at Community Primary School Imezi-Olo in Ezeagu Local Government Area, Nigeria. Global broker funded the purchase of school supplies, uniforms, and whiteboards that over 100 students would…
4 hours ago
LUSAKA, Zambia, 29 November 2023 -/African Media Agency(AMA)/- The Africa CDC and the Mastercard Foundation have entered a new phase of their partnership on the Saving Lives and Livelihoods initiative in the aftermath of WHO’s declaration of the end of COVID-19 pandemic as a public health emergency of international concern. The Saving Lives and Livelihoods initiative, a bold…
5 hours ago
In a touching story that unfolds in Abia state, Nigeria, Israel Kennedy found himself facing a poignant decision when his home church, the Assemblies of God Church in Aba, declined to officiate his wedding with fiancée Miss Rose due to her pregnancy. The unexpected twist occurred just hours before the scheduled ceremony, leaving the couple…
5 hours ago
A non-governmental organisation, Alliances for Africa, AfA has inaugurated an 30-man committee tasked with the responsibility of tackling and ending violence against women and girls prevalence in Imo State.
5 hours ago
The Deputy Speaker of the House of Representatives, Mr Benjamin Okezie Kalu has decried the exodus of medical professionals from the country.
5 hours ago
Director General of the National Agency for the Prohibition of Trafficking In Persons, (NAPTIP), Professor Fatima Waziri-Azi, has called on partners in the fight against Sexual and Gender Based Violence, (SGBV), to step up advocacy efforts towards preventing and tackling the issue.
5 hours ago
Singapore has said it is considering building artificial islands off its east coast to protect low-lying areas against rising sea levels caused by climate change. Engineering and environmental impact studies for the "Long Island" project will start in 2024 and take five years to finish, National Development Minister Desmond Lee said Tuesday. Land reclaimed for…