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![Today's Naira Rate [08-12-2024]: Naira Gains as Parallel Market Hits N1,530 Following CBN FX Reforms](/data/attachments/211/211166-89415016beb4964cb57cabf6bc24d19a.jpg?hash=PERHMQHP25)
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Today's Naira Rate [08-12-2024]: Naira Gains as Parallel Market Hits N1,530 Following CBN FX Reforms
The Nigerian naira gained N126 against the dollar in less than a week, reaching N1,537 at the official market. The parallel market saw a peak of N1,530. This surge follows the Central Bank of Nigeria’s launch of the new Electronic Foreign Exchange Matching System (EFEMS) on December 2, 2024.
In...
The Federal Government has officially upgraded Maiduguri’s Muhammadu Buhari Airport to international status. Full international operations are set to begin in January 2025. The upgrade aims to enhance connectivity, stimulate economic growth in Borno State, and improve the aviation sector in...
Despite the CBN's directive to ensure cash availability at ATMs, Nigerians still face difficulties accessing cash. PoS operators turn to markets and fuel stations for cash, while withdrawal limits remain in place. The cash shortage continues to affect both customers and businesses, with high PoS...
The FCCPC has vowed to continue its investigation into Air Peace despite accusations of blackmail. The investigation focuses on alleged unfair pricing practices, including significant fare hikes for domestic flights. The FCCPC reaffirms its commitment to addressing consumer complaints and...
Billionaire entrepreneur Cosmas Maduka, Chairman of Coscharis Group, shares his inspirational journey from a humble childhood and war-stricken Nigeria to building a multi-billion-naira empire. Reflecting on his career, vision-driven approach, and life lessons, Maduka reveals how resilience and...
Air Peace justifies flight ticket costs, citing high operational expenses, including fuel, insurance, and foreign exchange rates. The airline refutes exploitation claims, emphasizing its efforts to maintain affordable fares despite challenges. COO Oluwatoyin Olajide highlights the need for...
The Federal Government has released the final list of successful candidates for the 2023 Federal Fire Service recruitment. Candidates can check their status starting December 9, 2024, and must report for documentation at the Lt. Gen. Abdulrahman Bello Dambazau Conference Centre from December...
Over 45,000 applicants are competing for jobs at Nigerian National Petroleum Company Limited (NNPCL) in a Computer-Based Aptitude Test. The recruitment process, which began in July 2024, aims to hire candidates for various positions within the company. NNPCL emphasizes transparency and...
Nigeria’s external debt increased by ₦30 trillion from 2023 to 2024, primarily due to the naira's devaluation. As the currency depreciated, foreign debts became more expensive, despite a slight decline in dollar terms. Multilateral lenders, including the IMF and World Bank, remain Nigeria's...
President Bola Tinubu cancels Yazid Danfulani’s appointment as SMDF/PAGMI Executive Secretary, citing no vacancy. Fatima Umaru Shinkafi, first appointed by Buhari, is reappointed to the role. Known for driving solid minerals sector reforms, her reinstatement aligns with Tinubu's broader agency...
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