Business
The rhythm of Nigeria's business world
Categories
Trending articles
-
Article 'FG Opens Recruitment for Federal Civil Service Positions – Deadline March 10, 2025'- Nigeria News
Comments: 0 -
Article 'FCSC Recruitment: Steps to Secure a Position in Nigeria’s Federal Civil Service'- Nigeria News
Comments: 0 -
Article 'Air Peace and Aero Contractors Compensate Passengers for Flight Disruptions in 2024'- Nigeria News
Comments: 0 -
Article 'Dangote Refinery Secures 12M Barrels of US Crude to Address Local Supply Gaps'- Nigeria News
Comments: 0
![Today's Naira Rate [31-01-2025]: CBN Interventions Boost Naira as Exchange Rate Improves to N1,493/$](/data/attachments/212/212954-58e780ec025feefde8bfa331a3d70815.jpg?hash=PERHMQHP25)
Latest comments
-
-
Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
- akeri akpokabowei
The Central Bank of Nigeria (CBN) has sacked all executive directors at the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL) as part of a major restructuring effort. Concerns grow over the impact on agricultural financing, with questions arising about NIRSAL’s future...
PZ Cussons Nigeria reported its first annual loss since 2020, with a N76 billion deficit for the year ending May 2024. The loss was driven by a 3,000% surge in foreign exchange losses due to naira depreciation, significantly impacting the company's financial stability and increasing liabilities...
X, formerly Twitter, has been banned in Brazil after failing to comply with a Supreme Court order to appoint a legal representative and pay fines related to disinformation. The decision follows accusations against accounts linked to former President Jair Bolsonaro, highlighting ongoing tensions...
![Today's Naira Rate[31-08-2024]: Naira Falls to N1,645 Against Dollar Despite CBN Interventions](/data/attachments/207/207791-31fa721aaf6302a0c356371f7a19343c.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[31-08-2024]: Naira Falls to N1,645 Against Dollar Despite CBN Interventions
The Naira depreciated significantly, losing N30 in the parallel market and N28.48 in the official market last week. It fell to N1,645 against the dollar amid the Central Bank of Nigeria's Retail Dutch Auction System, despite an increase in foreign exchange transaction turnover.
In the past...
Abdul Samad Rabiu, chairman of BUA Cement, revealed that plans to reduce cement prices to N3,500 were thwarted by dealers' actions, leading to sales at inflated rates. He cited naira devaluation and fuel subsidy removal as challenges, yet ensured prices remain more stable compared to last year...
The Nigerian National Petroleum Company (NNPC) seeks reputable operations and maintenance companies to manage Warri and Kaduna refineries. The initiative, aiming for efficiency and sustainability, involves a three-stage tender process, with financial requirements including a minimum turnover of...
Telegram founder Pavel Durov faces criminal charges in France, accused of allowing illegal activities on his messaging app. Detained at a Paris airport, Durov is barred from leaving France and must comply with strict bail conditions. The case has sparked controversy, particularly in Russia...
Ethiopian Airlines CEO Mesfin Tasew blames politics for the failure of Nigeria Air. Despite plans to establish a profitable national carrier in partnership with the Nigerian government, the project was halted due to opposition from local airlines and the change in government. Ethiopian Airlines...
![Today's Naira Rate[28-08-2024]: Naira Continues Decline, Black Market Dollar Rate Reaches ₦1,605 Today](/data/attachments/207/207709-c7c73d7caf96c48d419438aead43e427.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[28-08-2024]: Naira Continues Decline, Black Market Dollar Rate Reaches ₦1,605 Today
The black market exchange rate for the U.S. dollar to the Nigerian naira is ₦1,605 for buying and ₦1,615 for selling as of August 28, 2024. This rate highlights the naira's depreciation against the dollar, exacerbating economic challenges in Nigeria amidst ongoing forex market volatility.
As of...
![Today's Naira Rate[28-08-2024]: Naira Continues Decline, Black Market Dollar Rate Reaches ₦1,605 Today](/data/attachments/207/207708-ae57b27e1dd4fda0ec2c2ca1a0a00e0f.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[28-08-2024]: Naira Continues Decline, Black Market Dollar Rate Reaches ₦1,605 Today
The black market exchange rate for the U.S. dollar to the Nigerian naira is ₦1,605 for buying and ₦1,615 for selling as of August 28, 2024. This rate highlights the naira's depreciation against the dollar, exacerbating economic challenges in Nigeria amidst ongoing forex market volatility.
As of...
About Nigerian Bulletin
Nigerian Bulletin is your gateway to top news, specialized lifestyle topics, and a unique, curated marketplace. It connects Nigerians worldwide with crucial updates and opportunities and is ideal for engaging press releases, effective sponsored posts, banner ads, and product showcases.