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PZ Cussons Nigeria reported its first annual loss since 2020, with a N76 billion deficit for the year ending May 2024. The loss was driven by a 3,000% surge in foreign exchange losses due to naira depreciation, significantly impacting the company's financial stability and increasing liabilities...
Afrobeats star Rema receives a royal plaque from the Oba of Benin, Oba Ewuare II, recognizing his contributions to promoting Edo State and the Benin Kingdom globally. The honor comes as Rema prepares for his homecoming concert at Ogbe Stadium and follows the naming of 'Rema Dome' in his honor...
Former Vice President Atiku Abubakar mocks the Nigerian government’s plan to privatize the Warri and Kaduna refineries. NNPCL aims to enhance efficiency by engaging private operators. Atiku's reaction highlights ongoing discussions on refinery management and reflects public skepticism about the...
X, formerly Twitter, has been banned in Brazil after failing to comply with a Supreme Court order to appoint a legal representative and pay fines related to disinformation. The decision follows accusations against accounts linked to former President Jair Bolsonaro, highlighting ongoing tensions...
![Today's Naira Rate[31-08-2024]: Naira Falls to N1,645 Against Dollar Despite CBN Interventions](/data/attachments/207/207791-31fa721aaf6302a0c356371f7a19343c.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[31-08-2024]: Naira Falls to N1,645 Against Dollar Despite CBN Interventions
The Naira depreciated significantly, losing N30 in the parallel market and N28.48 in the official market last week. It fell to N1,645 against the dollar amid the Central Bank of Nigeria's Retail Dutch Auction System, despite an increase in foreign exchange transaction turnover.
In the past...
The NFF has confirmed the collapse of Bruno Labbadia's appointment as Super Eagles head coach due to German tax complications. Following his withdrawal, Austin Eguavoen has been appointed as caretaker coach, leading the team in upcoming 2025 AFCON qualifiers against Benin Republic and Rwanda...
The Police Service Commission (PSC) has promoted eight Commissioners of Police to Assistant Inspectors General, including CP Benneth Igwe of the FCT Command and CP Fayoade Mustapha of Lagos. Additionally, 15 Deputy Commissioners were elevated to Commissioners, signaling a significant boost in...
The PDP in Edo State has accused the APC of plotting to tamper with the BVAS system during the September 21 governorship election by recruiting fake INEC staff. The PDP urges INEC to ensure transparency, while the APC denies the allegations, accusing the PDP of attempting to distract the public...
Bruno Labbadia has rejected the offer to coach Nigeria's Super Eagles, citing unresolved contractual issues with the Nigeria Football Federation (NFF). The German coach's decision has sparked widespread reactions, with many questioning the NFF's handling of the situation and the future direction...
Former Cross River Governor Donald Duke criticized President Bola Tinubu for purchasing a new presidential jet and yacht amidst Nigeria's severe economic crisis. Duke called this a failure of leadership, urging the President to prioritize the welfare of citizens and address pressing issues...
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