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The US Supreme Court has upheld a law banning TikTok unless its Chinese parent company, ByteDance, sells the platform by January 19, 2025. The...
Dangote Refinery has increased petrol prices to N955 per litre for bulk buyers, effective January 17, 2025. The hike, driven by rising global...
Landmark Africa has partnered with Enugu State Government to manage and rejuvenate the Nike Lake Resort. This joint venture aims to transform the...
The Federal Government has assured Nigerians that the Abuja-Kaduna-Kano dual carriageway will be ready within 14 months. The project includes...
The World Bank projects Nigeria's economy to grow by 3.6% annually in 2025-2026, driven by federal reforms like subsidy removal and exchange rate...
OPEC reports that the Dangote Refinery's fuel production, particularly gasoline, is impacting the European market. The refinery's operational...
![Today's Naira Rate [16-01-2025]: Naira Depreciates Across Markets as Parallel Rate Hits N1,670/$](/data/attachments/212/212467-7ad061fd1f2730f2dc92b5294d057d7b.jpg?hash=FXjrHIaYd4)
Nigeria
Today's Naira Rate [16-01-2025]: Naira Depreciates Across Markets as Parallel Rate Hits N1,670/$
The Naira has depreciated to N1,670 per dollar in the parallel market, while its official rate stands at N1,550 per dollar. This shift reflects...
LemFi, a remittance-focused fintech, has raised $53 million in Series B funding to expand its operations into Europe. The investment will help...
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