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Nigeria
Diplomatic Setback: Ethiopia, Turkey, UAE Withdraw Visa-On-Arrival, E-Visa Options for Nigerian Travelers
Ethiopia, Turkey, and the UAE revoked visa-on-arrival and e-visa privileges for Nigerian travelers, impacting international mobility. Expert insights and traveler reactions highlight the implications for diplomatic relations and travel logistics.
Ethiopia, Turkey, and the United Arab Emirates...
![Today's Naira Rate[27-06-2014]: Travel Demand Drives Naira Down to N1,520/$ on Black Market](/data/attachments/205/205523-147ab142f8cf48479284e57b3d23fc38.jpg?hash=FHqxQvjPSE)
The Nigerian naira weakened by 1.32% to N1,520/$ on the black market amid heightened travel demand. Meanwhile, at NAFEM, it traded at N1,507.83/$, down 0.47%. The CBN's decision to end the Price Verification System Portal aims to streamline forex operations amid market fluctuations.
The...
Femi Otedola boosts FBN Holdings stake by N183 million, continuing his share acquisition spree. His holdings now exceed 4.18 billion shares, solidifying his role as a major shareholder in the company.
Billionaire businessman Femi Otedola has expanded his stake in FBN Holdings with an additional...
Bosun Tijani addresses allegations of data breaches at NIMC, confirming ongoing investigations by NDPC. The Minister outlines proactive measures and collaborations to strengthen Nigeria's digital infrastructure and cybersecurity.
Bosun Tijani, Minister of Communications, Innovation, and Digital...
![Today's Naira Rate[26-06-2014]: Naira Weakens Further in Official Market, Hits N1,507.83 per Dollar](/data/attachments/205/205493-6e202405f2f497d63440ce71bc64dc98.jpg?hash=biAkBfL0l9)
Nigeria
Today's Naira Rate[26-06-2014]: Naira Weakens Further in Official Market, Hits N1,507.83 per Dollar
The naira weakened to N1,507.83 per dollar in the official market. Central Bank Governor Yemi Cardoso expressed optimism about managing currency volatility, citing recent stability and significant foreign exchange inflows.
The Nigerian naira weakened to N1,507.83 per dollar at the official...
Dangote Industries swiftly addresses a minor fire at its refinery's Effluent Treatment Plant (ETP), ensuring operations continue without harm. Anthony Chiejina reassures public safety amid ongoing concerns.
Dangote Industries Limited responded swiftly to reports of a minor fire at its refinery...
![Today's Naira Rate [25-06-2014]: Naira Depreciates to N1,500.79 Despite Central Bank's Optimism](/data/attachments/205/205459-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria
Today's Naira Rate [25-06-2014]: Naira Depreciates to N1,500.79 Despite Central Bank's Optimism
Nigeria's naira weakened to N1,500.79/$1 in the official market, contradicting CBN Governor Cardoso's optimistic outlook on forex stability. The 0.71% depreciation comes amid decreased dollar supply and increased demand. Despite Cardoso's confidence in recent market calm and improved liquidity...
FEC allocates N1.99bn for CNG vehicles, $1.442bn for firearms to enhance NDLEA operations, bolstering drug enforcement and airport security nationwide.
The Federal Executive Council (FEC) has greenlit a significant allocation of N1.99 billion for the acquisition of 33 vehicles powered by...
Nigeria’s public debt rose by N24.33 trillion, reaching N121.67 trillion in Q1 2024. This increase, driven by new borrowing and Ways and Means securitisation, underscores the impact of economic reforms and exchange rate fluctuations. The DMO urges fiscal retrenchment and measures to attract...
Nigeria’s public debt rose by N24.33 trillion, reaching N121.67 trillion in Q1 2024. This increase, driven by new borrowing and Ways and Means securitisation, underscores the impact of economic reforms and exchange rate fluctuations. The DMO urges fiscal retrenchment and measures to attract...
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