The Naira has appreciated against the US dollar, closing the week on an impressive note at the foreign exchange market on Friday. Data from FMDQ showed that the Naira weakened to N891.90 per…
Naira further tumbled against the dollar on Thursday, January 25th, 2024, in both the official and black markets. The domestic currency depreciated 2.12% to close at N900.96 to a dollar at t…
Operatives of the NDLEA recovered 300,000 tramadol pills at the Murtala Muhammed International Airport, Ikeja, on Friday. NDLEA’s spokesman, Mr Femi Babafemi, stated on Sunday in Abuja that …
Operatives of the Economic and Financial Crimes Commission are currently conducting a search operation at the Lagos head office of the Dangote Group. They are conducting a search on forex al…
Operatives of the Economic and Financial Crimes Commission (EFCC) are currently probing 52 Companies over forex transactions. According to reports on Thursday, the anti-graft agency was cond…
The Minister of Finance, Olawale Edun, has disclosed that the Federal Government is targeting foreign exchange outside the banking sector to address the liquidity crisis in the FX market. Ed…
The Naira witnessed a significant week-on-week drop of 11.43%, reaching an all-time low of N1,170 per US dollar in the parallel market. The decline has been attributed largely to speculative…
The ongoing turbulence in Nigeria’s currency exchange market saw the local currency, the Naira, continue to depreciate across all market segments. Checks by Vanguard revealed that Naira went…
The parallel market for foreign exchange in Nigeria is experiencing another decline of the national currency, with forex traders selling the US dollar at N1,050, indicating ongoing pressure due to …
Stakeholders in the power sector have attributed the price increase inprepaid electricity metersto fluntuations in foreign exchange market, increase in Customs charges and Naira devaluation, among …
Increasing concerns have emerged regarding the delay in the implementation of the highly anticipated $3 billion emergency loan from the African Export-Import Bank (Afrexim Bank) aimed at stabilizin…
The Manufacturers Association of Nigeria (MAN) has signaled concerns that the estimated N77 trillion debt burden faced by Nigeria could impede the economic plans of the current administration led b…
