Naira gains against dollar after minimum wage increase
In reaction to President Bola Tinubu’s N70,000 new national minimum hike, the naira saw a notable gain on Thursday in both the official and foreign exchange illicit markets. The naira
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In reaction to President Bola Tinubu’s N70,000 new national minimum hike, the naira saw a notable gain on Thursday in both the official and foreign exchange illicit markets. The naira
Read MoreFor the first time this week, the naira saw appreciation on Tuesday. According to FMDQ statistics, on Tuesday, the naira appreciated little against the dollar in the forex market, trading
Read MoreAccording to the Nigerian National Petroleum Company Limited, it has chosen not to increase its previous investment in the Dangote Refinery, which produces 650,000 barrels of oil per day. In
Read MoreThe Nigerian National Petroleum Company Limited, NNPCL, no longer has a twenty percent share in Dangote Refinery, according to Aliko Dangote, chairman of the Dangote Group and owner of the
Read MoreAccording to data from the Financial Institutions Training Centre (FITC), the three most common types of fraudulent behaviour in Nigeria’s banking sector during the first quarter of 2024 were computer/web
Read MoreStudents from 36 state-owned postsecondary institutions may now apply for the Nigerian Education Loan Fund, or NELFUND, beginning Sunday, July 7, 2024. This was revealed by NELFUND in a notice
Read MoreAn arm of the UN called the Food and Agriculture Organisation has issued a warning that, due to food insecurity, 80–82 million Nigerians could experience acute hunger by 2030. This
Read MoreSince May 13, 2024, the naira has depreciated against the dollar at its greatest rate. The naira dropped from N1512.61 to N1520.24 versus the dollar on Thursday, according to FMDQ
Read MoreAliko Dangote, the chairman of the Dangote Group, has voiced concerns about the Central Bank of Nigeria’s (CBN) intention to hike interest rates to almost thirty percent. The business magnate
Read MoreIn the last nine days, the naira has lost more value in the foreign currency market when compared to the dollar. The naira dropped from N1507.83 on Wednesday to N1510.10
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