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Nigeria's foreign exchange reserves surpass $35 billion under President Tinubu, marking a significant economic milestone amidst currency...
![Today's Naira Rate[10-07-2014]: Naira Plummets to N1,561/$ in Official Market: Lowest in Three Months](/data/attachments/205/205997-3c44473101cfdb95816e4fca0635f7db.jpg?hash=bRaHhFf4n0)
Nigeria
Today's Naira Rate[10-07-2014]: Naira Plummets to N1,561/$ in Official Market: Lowest in Three Months
The Nigerian naira fell to N1,561 per dollar, its lowest in three months, at the official market. The currency saw fluctuations in both parallel...
Tourist Company of Nigeria Plc, owner of Federal Palace Hotel, reports a staggering N31.6 billion loss in 2023, wiping out shareholder funds...
Nigeria faces severe fuel shortages as petrol landing costs hit N978/liter. The government denies subsidy reinstatement despite projected...
NNPCL seeks a $2 billion oil-backed loan amid Nigeria's fuel crisis. CEO Mele Kyari claims it's for normal business, not desperation. This follows...
![Today's Naira Rate[09-07-2014]: CBN Faces Challenge as Black Market Dollar Rate Climbs to N1520](/data/attachments/205/205953-3c44473101cfdb95816e4fca0635f7db.jpg?hash=bRaHhFf4n0)
Nigeria
Today's Naira Rate[09-07-2014]: CBN Faces Challenge as Black Market Dollar Rate Climbs to N1520
Discover today's black market exchange rates for USD to NGN in Lagos, where buying stands at N1520 and selling at N1530. Despite CBN efforts to...
FAAN reveals only 3 of 22 Nigerian airports are profitable. Despite this, new airports are being developed. FAAN emphasizes economic activities...
![Today's Naira Rate[08-07-2014]: High Dollar Demand Drives Naira to N1,530 on Black Market](/data/attachments/205/205913-147ab142f8cf48479284e57b3d23fc38.jpg?hash=bRaHhFf4n0)
The naira hit a three-month low of N1,530 per dollar on the parallel market, driven by high demand from travelers and importers. Meanwhile, the...
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