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Stay updated with news from Nigeria and for Nigerians. Dive into the latest headlines tailored for the Naija spirit. Nigerian Bulletin is the voice of Nigeria in a changing world. Nigerian Bulletin is the voice of Nigeria in a changing world.
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Nigeria Nigerian Anglican Leaders Slam Politicians, Including Tinubu, Over Widespread Corruption and Economic Hardship
The Anglican Church of Nigeria condemned corruption among political leaders, criticizing insensitive government policies causing severe hardship for citizens. In a recent meeting, church leaders expressed solidarity with protests against bad governance and called for a comprehensive... -
Nigeria CBN’s 27.25% Interest Rate Hike: How It Affects Inflation, SMEs, and the Naira
Nigeria's recent interest rate hike to 27.25% aims to curb inflation and stabilize the naira but poses challenges for businesses. The increased borrowing costs could reduce expansion and raise unemployment. Meanwhile, FX inflows may rise, stabilizing the naira, and savers benefit from higher... -
Nigeria President Tinubu Set for Cabinet Reshuffle Ahead of October 1 Deadline
President Bola Tinubu is set to reshuffle his cabinet, according to Bayo Onanuga, Special Adviser on Information and Strategy. While no specific date has been announced, changes may occur before October 1st. The President urges ministers to better communicate their achievements to improve public...
A medical student kidnapped in Benue reveals that their captors demand $50 million for the release of 20 students. The group has not eaten for two days and faces threats of violence. Social media reactions criticize the Nigerian government’s slow response and demand immediate action for their...
Music executive Paulo Okoye claims Burna Boy earned $80-$100 million four years ago, sparking a heated debate among fans of other Nigerian artists like Davido and Wizkid, who challenge the accuracy of his statement. Social media is abuzz with arguments over Burna Boy's true earnings and status...
Joshua Zirkzee's late goal on his Manchester United debut secured a 1-0 victory over Fulham in their Premier League opener. Despite several missed chances, the Dutch striker's scrappy finish in the dying minutes gave United a winning start to the season, highlighting his potential as a new...
Nollywood actress Lizzy Anjorin refutes theft allegations from February 2024, claiming she's too disciplined to steal. As a jewelry vendor, she emphasizes the implausibility of stealing gold worth ₦90,000. Anjorin addresses the viral video incident, maintaining her innocence and suggesting she...
Manchester City could face a devastating 70-80 point deduction and possible relegation if found guilty of breaching Financial Fair Play (FFP) regulations. With a hearing set for September, the club may be penalized significantly, threatening their Premier League status and future in top...
Elon Musk’s Starlink is expanding in Nigeria by setting up new ground stations in Lagos, Ogun, and Rivers states. This development aims to enhance internet connectivity, reduce latency, and bypass international data centers. Partnering with Equinix, Starlink’s project will cover 29,000 acres...
Anambra's Commissioner for Youths Development, Hon. Patrick Aghamba, and his wife were kidnapped while traveling to Abuja. Tragically, their aide, Mr. ABK Offiah, was killed during the incident. They were en route to attend Governor Prof. Chukwuma Soludo’s daughter's wedding.
Hon. Patrick...
Zhongshan Fucheng Industrial Investment Co. Limited has released one of three Nigerian presidential jets seized due to a legal dispute over a revoked contract. The release allows President Tinubu to attend a scheduled meeting with French President Macron. Negotiations between Zhongshan and...
Chidimma Adetshina, a Nigerian-South African model, has joined the Miss Universe Nigeria pageant, representing Taraba State. After withdrawing from Miss South Africa due to xenophobic threats, Adetshina accepted the invitation to compete in Nigeria. Born to a Nigerian father and a Mozambican...
![Today's Naira Rate[16-08-2024]: Black Market Dollar to Naira Rate Climbs to ₦1,600 Amid Inflation Decrease](/data/attachments/207/207292-9bb9b64b1602cfa4be828e7b4b5a0479.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[16-08-2024]: Black Market Dollar to Naira Rate Climbs to ₦1,600 Amid Inflation Decrease
As of August 16, 2024, the black market exchange rate for the U.S. dollar to the Nigerian naira stands at ₦1,596 for buying and ₦1,600 for selling. Meanwhile, Nigeria’s inflation rate dropped to 33.4% in July 2024, marking the first decrease in 19 months, indicating economic shifts.
As of...
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