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Article 'Tunisia, Libya, Morocco: African Countries Whose Currencies Outperform the Naira'- Nigeria News
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Article 'Nigerian Government Commits to Long-Term Naira-for-Crude Policy with Dangote Refinery'- Nigeria News
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Article 'Despite Price Hike, Nigeria Remains 13th in the World for Low Petrol Costs'- Nigeria News
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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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The Central Bank of Nigeria sold $197.71 million to banks to protect the FX market from the fallout of new U.S. tariffs and falling oil prices. The move aims to stabilize the naira and maintain liquidity amid global market adjustments. The CBN pledges continued vigilance and market support.
The...
Nyesom Wike, FCT Minister, appoints Monica Dongban-Mensem, President of the Court of Appeal, as Chairman of the IBB Golf Club Board of Trustees. Wike emphasizes the FCTA’s ownership of the club and urges the board to revitalize the prestigious facility, ensuring its recovery from recent crises...
Nigeria’s public debt reached N144.67 trillion ($94.23 billion) by the end of December 2024, marking a 48.58% increase from the previous year. The surge was largely driven by increased domestic borrowing to fund budget deficits and infrastructure projects, while debt at the state level saw a...
NNPC has appointed a new senior management team, led by Bayo Ojulari as GCEO. The team will focus on enhancing crude oil and gas production, with a goal to reach 200,000 barrels per day in refining by 2027 and boost production to 2 million barrels per day by 2027.
The Nigerian National...
![Today's Naira Rate [04-04-2025]: Naira Hits New Low, Official Exchange Rate Plummets to N1,600 per Dollar](/data/attachments/215/215127-da621b1781c7fb8e0597b4f7c3e7f9c2.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate [04-04-2025]: Naira Hits New Low, Official Exchange Rate Plummets to N1,600 per Dollar
The Naira has depreciated to N1,600 per dollar in the Nigerian Foreign Exchange Market, marking a N31 drop from the previous day. The widening gap between official and parallel market rates has raised concerns about inflation, foreign exchange reserves, and the broader Nigerian economy, with...
Oil prices fell sharply to $65 per barrel, the lowest since April 2021, due to escalating trade tensions and new tariffs imposed by China on U.S. goods. This drop coincided with OPEC's decision to increase oil output by 411,000 barrels per day, impacting global markets and Nigeria’s budget.
Oil...
President Tinubu has appointed Ayo Sotinrin as Managing Director of the Bank of Agriculture. With experience across global finance and agribusiness, Sotinrin is expected to drive BOA’s transformation, enhance food security, and expand rural development through innovative funding and large-scale...
![Today's Naira Rate [03-04-2025]: Trump’s Tariff War Triggers Naira’s Sharp Drop to N1,552.53 Against Dollar](/data/attachments/215/215101-f3c498ec2bc99b1f97c09b2d6676042c.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate [03-04-2025]: Trump’s Tariff War Triggers Naira’s Sharp Drop to N1,552.53 Against Dollar
The Nigerian naira recorded its largest depreciation this week, falling to N1,552.53 per dollar in the official market, largely due to U.S. President Trump’s tariff announcements. Despite a strong foreign exchange reserve, the new tariffs have sent shockwaves through Nigeria’s economy, weakening...
Forbes’ 2025 list of Black billionaires features six Nigerians, including Aliko Dangote, Mike Adenuga, and Femi Otedola. These influential figures have amassed significant wealth in sectors like energy, telecommunications, and infrastructure, highlighting Nigeria’s growing prominence in the...
New NNPCL CEO, Bayo Ojulari, is set to implement major reforms, with reports indicating a restructuring across subsidiaries. Experts urge him to prioritize governance, investment, and efficiency. Analysts highlight the need for transparency, refinery upgrades, and reduced political interference...
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