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12 stories tagged exchange rate.
The naira was trading at N545 to the dollar on the parallel market at the weekend, maintaining its strongest level since early September 2021. The local currency exchanges at N411.59 to the dollar at the official…
As the naira crisis continues to worsen, foreign carriers operating in Nigeria have begun moves to reduce the total number of tickets they sell on Nigerian routes amid worsening dollar scarcity that has made it…
Here is the full text of President Muhammadu Buhari's 2022 Budget presentation to the National Assembly: 1. It is my great pleasure to be here once again to present the 2022 Federal Budget Proposals to this…
Online foreign exchange rate website, abokiFX, which is currently under investigation by the Central Bank of Nigeria (CBN), says it will temporarily suspend rates on all its platforms, to find clarity on the situation.…
The Federal Government has said that it will shut down the operations of Aboki FX, a website providing currency exchange information, which the bank described as an illegal and criminal platform. The Governor of the…
The House of Representatives adopted pay-as-you-go and a price slash for DSTV and other cable satellite operators in the country. The House considered and approved recommendations of the Ad–hoc Committee on…
Here are some of the Budget 2020 Allocations to MDAs. showing the highest going to Babatunde Fashola and Rotimi Amaechi's Ministries of Works & Housing and Transportation respectively. Education: N48bn Power: N127bn…
The Federal Government of Nigeria is expected to generate not less than N2 trillion into the coffers in 2020 when he Value Added Tax (VAT) recently increased to 7.2 per cent is implemented. Going by the increasing…
At about 6:15 pm, the bar was filled up but the looks worn by most of the people around weren’t really comely. I felt today’s beer parlour gist would just be about explaining the looks of these people and confidently…
The naira is set to witness another round of decline against the dollar in the days ahead as expected increase in dollar flows from Nigerians living abroad coming home for holidays fell short of expectations. The local…
The naira sustained its decline on the parallel market as it slipped to N445 to the dollar yesterday, lower than the N440 to the dollar it closed on Friday as pressure and activities of speculators continued to hurt the…
Nigeria is indeed a country of boundless absurdities, most of which were "invented" and found their way to the fore just after the exit of PDP which "ruled" the country for sixteen years uninterrupted. The oddity in the…
