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![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)
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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
- akeri akpokabowei
The Federal Government's cash transfer scheme has resumed, benefiting over 600,000 households. Finance Minister Wale Edun announced this during a review briefing, highlighting ongoing economic reforms and efforts to address food prices and inflation. The government aims to enhance transparency...
![Today's Naira Rate[25-07-2014]: Naira Falls to Four-Month Low at N1,603.80/$1 Amid Increased Demand](/data/attachments/206/206496-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria
Today's Naira Rate[25-07-2014]: Naira Falls to Four-Month Low at N1,603.80/$1 Amid Increased Demand
The naira fell to a four-month low of N1,603.80/$1 on July 25, 2024, marking a 1.07% drop from the previous day. Despite efforts by the Central Bank of Nigeria (CBN) to stabilize the currency through FX sales and support measures, demand pressure continues to affect the exchange rate.
On July...
![Today's Naira Rate[24-07-2014]: Naira Drops to N1,575/$ in Parallel Market as Trading Volume Declines](/data/attachments/206/206479-3c44473101cfdb95816e4fca0635f7db.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[24-07-2014]: Naira Drops to N1,575/$ in Parallel Market as Trading Volume Declines
The Naira fell to N1,575 per dollar in the parallel market on Wednesday, down from N1,565. In NAFEM, it dropped to N1,586.71. Trading volume fell 39% to $171.03 million, and the gap between parallel and official rates narrowed. Experts await CBN's response to stabilize the currency.
On...
The Naira has dropped sharply as banks’ borrowing from the Central Bank of Nigeria (CBN) for foreign exchange (FX) rises to 32%. This increase in borrowing rates has intensified pressure on the Naira, contributing to significant declines in both official and parallel market rates.
The recent...
Meta has removed approximately 63,000 Instagram accounts and 7,200 Facebook assets linked to Nigerian financial sextortion scams. This move targets cybercriminals known as “Yahoo Boys” and follows a report revealing the extent of these fraudulent activities. Meta's crackdown is part of its...
Netflix has increased its subscription fees in Nigeria, with the Premium Plan now at N7,000 per month, up from N5,000. The Standard Plan also saw a rise to N5,500. This marks the second price adjustment in three months, reflecting broader trends in the streaming industry.
Netflix has announced...
Nigerians spent $38.17 million on foreign education in Q1 2024, an 83% drop from 2023, per CBN data. Factors include economic challenges and new forex regulations. Despite this, Q1 2024 saw a 54% increase from Q4 2023. Stringent measures on forex purchases for education and medical expenses are...
In June 2024, Nigeria saw a surge in food prices with headline inflation reaching 34.19%. Essential items like beans, tomatoes, and yam saw dramatic increases, prompting the government to introduce a 150-day duty-free import window for key foodstuffs to stabilize prices and enhance food...
NNPC CEO Mele Kyari denies owning a fuel blending plant in Malta and challenges Aliko Dangote to reveal the NNPC personnel involved. Dangote accuses NNPC workers of importing substandard petrol from Malta, while Kyari insists on transparency and sanctions for any involved employees
In a recent...
Gabon’s President Brice Oligui Nguema invites Aliko Dangote to invest in the nation’s cement and fertilizer sectors, aiming to enhance infrastructure and agricultural productivity. Dangote Industries' potential investment aligns with their strategic vision for sustainable development in Africa...
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