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Nigeria's economic woes stem from low revenue, not high governance costs, says Taiwo Oyedele. At a lecture in Lagos, Oyedele highlighted the disparity between Nigeria's budget and its financial needs. He urged collaboration for fiscal reforms and innovative solutions to boost economic growth...
The Corporate Affairs Commission (CAC) has extended the deadline for PoS operators' registration by 60 days, now ending on September 5, 2024. This extension aims to facilitate registration for operators, particularly those facing network challenges in remote areas, by CAMA 2020 and CBN...
African Alliance Insurance fails to pay annuities and claims for two months, leaving pensioners and subscribers in financial distress. NAICOM summons the company's board to address the crisis.
African Alliance Insurance Plc is facing criticism for failing to pay annuities and claims to...
![Today's Naira Rate[05-07-2014]: Nigeria's Naira Appreciates to N1,525/$ in Forex Market Reversal](/data/attachments/205/205837-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria
Today's Naira Rate[05-07-2014]: Nigeria's Naira Appreciates to N1,525/$ in Forex Market Reversal
Discover the latest on Nigeria's forex market as the naira rebounds to N1,525/$ at the parallel market, ending a three-day decline. Get insights into the currency's fluctuations and impacts post-CBN's market unification.
The naira halted its three-day decline against the dollar at the parallel...
9mobile appoints Obafemi Banigbe as the new CEO, signaling a shift towards business transformation in Nigeria's telecom sector, leveraging his extensive industry experience.
9mobile, a leading telecommunications provider in Nigeria, has appointed Obafemi Banigbe as its new CEO, marking a...
Nigeria wins bid to host the $5 billion Africa Energy Bank headquarters, beating out other African nations. The bank aims to fund energy projects across the continent, aligning with AU's Agenda 2063. Nigerian officials express enthusiasm for the bank's potential to transform Africa's energy...
NCAA suspends 10 private jet operators in Nigeria for failing recertification, citing illegal commercial activities. The aviation sector faces a regulatory crackdown amid compliance issues.
The Nigerian Civil Aviation Authority (NCAA) has suspended the operations of 10 private jet operators for...
![Today's Naira Rate[04-07-2014]: CBN's Efforts Pay Off as Naira/Dollar Exchange Rates Align at N1,520 in Parallel and Official Markets](/data/attachments/205/205799-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria
Today's Naira Rate[04-07-2014]: CBN's Efforts Pay Off as Naira/Dollar Exchange Rates Align at N1,520 in Parallel and Official Markets
The naira/dollar exchange rate in Nigeria converged at N1,520 across both official and parallel markets. This significant alignment, driven by the Central Bank of Nigeria, aims to stabilize the naira and enhance market transparency. The change is expected to impact import costs, inflation rates...
The NGX saw a slight decline as Oando Plc reached its highest share price since 2015. Despite gains in oil and gas stocks, MTN's decline overshadowed the market, resulting in an overall loss. Market activity surged, with significant increases in turnover volume and value.
On July 4, the...
The Nigerian Exchange (NGX) ends H1 2024 as Africa's top-performing stock market, achieving a 33.81% growth in its All-Share Index. This success highlights Nigeria's robust economic policies and investor confidence. The NGX outperformed other African and global markets, marking a significant...
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