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![Today's Naira Rate[06-08-2024]: Naira Sees 0.6% Increase, Now Trading at N1,607.15 Against Dollar](/data/attachments/206/206928-3c44473101cfdb95816e4fca0635f7db.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[06-08-2024]: Naira Sees 0.6% Increase, Now Trading at N1,607.15 Against Dollar
The Nigerian Naira has appreciated by 0.6% against the dollar, trading at N1,607.15 in the official market. Data from the FMDQ Exchange shows a gain of N9.93 from the previous rate. At the Investor’s and Exporter’s window, the Naira ranges between N1,620.50 and N1,570.00.
The Nigerian Naira has...
Nigeria
#EndBadGovernance Protest Crackdown: Nigerian Authorities Place Sponsors on Watchlist, Freeze Assets
Nigerian Immigration Service and DSS have placed alleged sponsors of the #EndBadGovernance protests on a watchlist, with their bank accounts frozen and some already in custody. This measure aims to control the ongoing unrest and addresses concerns about the impact of the protests on national...
Former President Olusegun Obasanjo revealed Shell’s refusal to invest in Nigerian refineries, citing corruption and poor maintenance. Obasanjo criticized the ongoing failures in state-owned refineries and expressed concerns about potential sabotage against Aliko Dangote’s refinery.
Former...
Discover the weakest currencies in Africa for 2024, including Sierra Leone's Leone, Sao Tome's Dobra, and Nigeria's Naira. Explore how high inflation and economic instability affect these currencies, impacting investment and global market competition.
A weak currency can significantly hinder a...
Katsina residents gather for prayers on the sixth day of #Endbadgovernance protests, seeking divine intervention for Nigeria's economic hardship, insecurity, and poor governance. Amid tight security, participants peacefully pray for relief from their struggles and call for the removal of those...
Nigeria
Despite Higher FAAC Allocations, Plateau Governor Says Real Value Has Declined Due to Inflation
Plateau State Governor Caleb Muftwang criticizes the decreased purchasing power of federal allocations despite rising amounts. He attributes this to inflation and the unstable naira, impacting the value of funds for state projects. Muftwang urges a focus on real value rather than just nominal...
Chief Eze Chukwuemeka Eze has criticized President Bola Tinubu’s recent broadcast on nationwide protests, calling it superficial and disconnected from the public’s real concerns. Eze condemned the lack of focus on critical issues such as high governance costs, corruption, and insecurity...
Comr. Blessing Alims, the University of Calabar's first female SUG President, has appointed 50 aides in her administration. The move has sparked varied reactions on social media, with some praising her strategic approach and others questioning the necessity of such a large team. The appointments...
Nigerian singer Ayra Starr and global pop star Rihanna were recently spotted together at the Crop Over Festival in Barbados. Their appearance at the festival has sparked excitement among fans, who are hopeful for a future collaboration. The event celebrates Barbadian culture and attracts...
Imo State pastor, Apostle Desmond Eke, has been sentenced to eight years in prison for raping a church member under the guise of spiritual deliverance. The conviction marks a significant legal victory under the Violence Against Persons Prohibition (VAPP) Act and highlights the abuse of religious...
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