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Browsing Category
Economy
Naira-Dollar: N786.02 official market, N1,170 parallel market
The Nigerian naira demonstrated a remarkable appreciation against the dollar, closing at N786.02/$1 at the official market and…
Senate accuses minting company of illegal salary increment, wants refund of…
The Senate has accused the Board of Directors of Nigerian Security Printing and Minting Company Plc (NSPMC) of an illegal N14…
Until Nigeria produces for local consumption and export, naira will…
Olusegun Aganga, former minister of Finance, has said the naira would continue to be weak if the country remains an…
Food Prices Rise as Nigeria’s Inflation Nets 26.72 Percent – NBS…
National Bureau of Statistics (NBS) said on Monday that Nigeria's annual inflation rate rose to 26.72 per cent in September from…
Moghalu kicks against FG’s plan to borrow $1.5 billion from World Bank
A former Deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu, has kicked against the federal government’s plan…
Accountants have role to play in inclusive development, says Tinubu
By Olusegun Obisanya
President Bola Ahmed Tinubu has reiterated that Chartered Accountants have crucial roles to play in…
Naira now exchanges N1,000 for one dollar
The Nigerian currency was as at the parallel market, yesterday, exchanged for N1,000 to dollar. This depreciation has been…
Prosperity surrounds our diversity of talents, Tinubu assures Nigerians in…
President Bola Ahmed Tinubu has assured Nigerians in India that Nigeria’s future is endowed and very dynamic, adding that to make…
Dealers dump dollar, count losses as Naira gains value
But even amid panic selling, this medium understands that trading volume is still very low, underpinning the level of illiquidity.
CBN clamps down on speculators, restricts diaspora remittances as Naira…
According to Shonubi, the volatility of the naira in the parallel market is not solely driven by economic factors, but also…