Naira drops by 49% year-to-date, ends 2023 at N907 against US Dollar
The greatest economy in Africa saw its currency, the Naira, drop by a staggering 49% year to date, ending 2023 on Friday at N907.11 per US dollar. The official exchange
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The greatest economy in Africa saw its currency, the Naira, drop by a staggering 49% year to date, ending 2023 on Friday at N907.11 per US dollar. The official exchange
Read MoreAfrican Import-Export Bank gave the Nigerian Federal Government a $2.25 billion foreign exchange support loan on Friday. In a recent interview, Wale Edun, the Minister of Finance, affirmed this to
Read MoreA list of additional motor parks where Nigerians can receive a 50% transport fare reduction on return travels over the holiday season has been released by the country’s federal government.
Read MoreAt an effort to increase the availability of electricity, the Federal Government of Nigeria has announced that it has received delivery of seven new power transformers for the 330/132kV transmission
Read MoreAccording to World Bank projections, until May 2024, local government areas in Borno, Kaduna, Katsina, Sokoto, Yobe, Zamfara, and the far north of Adamawa State in Nigeria will be impacted
Read MoreThe federal, state, and local governments of the nation shared N1.783 trillion in revenue that was accumulated to the federation account as of November 2023, according to the Federation Account
Read MoreAccording to the federal government, British American Tobacco, Nigeria Limited, and its affiliated companies must pay a $110 million fine for infringement. Following a lengthy infringement complaint, the Commission filed
Read MoreNigeria has declared that starting in the first quarter of 2024, it will start supplying gas to South Africa. In a recent interview in Abuja, David Ige, the Executive of
Read MoreGodwin Emefiele is the worst governor of the highest bank, according to Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN). According to Moghalu, Emefiele mismanaged
Read MoreFollowing President Joe Biden’s administration’s decision not to veto a decision on patent infringements, a ban on imports of Apple smartwatch models into the United States went into force on
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