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Article 'Dangote Refinery Ships Petrol to Cameroon, Ghana, South Africa, and Angola'- Nigeria News
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Article 'Shocking NBS Report: Nigerians Spent Over N2 Trillion on Kidnapping Ransoms in 12 Months'- Nigeria News
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Article 'Dangote Cuts PMS Price to N899.50 per Litre, Introduces Special Holiday Offer'- Nigeria News
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Aliko Dangote, Africa's richest man and a prominent global business magnate, recently experienced a significant dip in his financial status. After an impressive surge in his net worth between June and September, Dangote's fortunes took a downturn.
Data from the Bloomberg Billionaires Index...
In a dramatic turn of events, the Nigerian Naira experienced a lightning-fast appreciation against the United States Dollar within a matter of hours in the Peer-to-Peer (P2P) market. Traders and economists were left astounded as the Naira's value soared, marking an incredible gain of N166...
On Wednesday, the Nigerian naira experienced a significant boost, appreciating against the US dollar as it closed at NGN801.10 per $1. This marks a remarkable 5.83% increase from the previous day's rate, which stood at NGN847.77/$1.
The day's forex market saw an intraday high of N891/$1 and an...
Fidelity Bank, a leading Nigerian commercial bank, has taken a significant step by blocking consumer fund transfers to neobanks, including Moniepoint, Kuda, OPay, and PalmPay, due to growing apprehensions surrounding their Know Your Customer (KYC) procedures. This move follows increasing...
Nigeria's crypto trading company, Patricia Technologies, finds itself in hot water as its move to convert customers' assets into equity shares has been met with strong resistance. Customers who received the offer letter, signed by Patricia's founder, Hanu Fejiro, have voiced their discontent...
Nigeria
Naira Tumbles to 1,220/Dollar as FG Unveils Forex Automation Plan to Stem Devaluation Crisis
In a decisive move to counter the ongoing slump of the Naira, the Federal Government unveiled plans to automate all transactions within the foreign exchange market. The announcement was made by the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, during the 29th Nigeria...
In a significant legal development, the Business and Property Court in London ruled in favor of Nigeria, bringing an end to the $11 billion lawsuit filed by Process & Industrial Developments (P&ID) Ltd against the federal government of Nigeria. The judgment was delivered by Judge Robin Knowles...
The exchange rate between the Nigerian naira and the United States dollar opened the trading week with a lot of chatter in the financial circles. As Nairametrics reported, the rate began at N1,200/$1 on peer-to-peer (P2P) platforms, setting the tone for an eventful week. However, as noon...
Nigeria
Naira Weakens to N1,186/$1 in P2P Market Amidst Persistent Forex Woes and Global Economic Concerns
In recent days, Nigeria's currency, the Naira, has been on a tumultuous ride due to a surge in demand for the safe-haven US dollar. The official exchange rate in the country witnessed a fresh low, and the situation worsened on the unofficial market, where the Naira's exchange rate reached N1,186...
Nigeria
Naira Weakens to N1,186/$1 in P2P Market Amidst Persistent Forex Woes and Global Economic Concerns
In recent days, Nigeria's currency, the Naira, has been on a tumultuous ride due to a surge in demand for the safe-haven US dollar. The official exchange rate in the country witnessed a fresh low, and the situation worsened on the unofficial market, where the Naira's exchange rate reached N1,186...
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