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![Today's Naira Rate[07-11-2024]: Naira Appreciates to N1,720/$ in Parallel Market as Dollar Turnover Soars](/data/attachments/209/209957-f5e920323be553249c735a46597cceb5.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[07-11-2024]: Naira Appreciates to N1,720/$ in Parallel Market as Dollar Turnover Soars
The Naira appreciated to N1,720 per dollar in the parallel market and N1,671.32 per dollar in the NAFEM market. The official market saw a 124% rise in dollar turnover, though the gap between the parallel and official market rates widened slightly, raising concerns about currency stability.
The...
Donald Trump praised Elon Musk, calling him a "super genius" and acknowledging his contributions to hurricane relief through Starlink. Trump emphasized Musk’s importance to the country and the need to protect him.
In a recent speech, former U.S. President and 2024 Republican presidential...
NNPC has denied importing adulterated petrol, responding to allegations amid protests over recent price hikes. The company, led by Mele Kyari, reaffirmed its commitment to quality standards and clarified that the GCEO is not responsible for fuel price increases, which have surged significantly...
![Today's Naira Rate[05-11-2024]: Naira Strengthens to N1,725 per Dollar in Black Market as Official Rate Falls](/data/attachments/209/209881-e7cdf4c3e7dc79ab60ad94386930eade.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[05-11-2024]: Naira Strengthens to N1,725 per Dollar in Black Market as Official Rate Falls
The naira appreciated to N1,725 per dollar in Nigeria’s parallel market but depreciated to N1,676.9 in the official Nigerian Autonomous Foreign Exchange Market (NAFEM). Turnover in the official market dropped by 15.6%, with the rate gap narrowing.
The naira appreciated in Nigeria’s parallel...
The Nigerian Federal Government has terminated the ₦740 billion contract with Julius Berger for the Abuja-Kaduna dual carriageway due to non-performance. Minister of Works David Umahi cited prolonged delays and unmet obligations as key reasons. The decision follows months of failed negotiations...
South Korea has fined Meta over $15 million for illegally collecting sensitive user data from approximately 980,000 individuals without consent. The data, which included personal details about users' political opinions and sexual orientation, was shared with advertisers, violating national...
Nigeria’s economic struggles have slashed foreign travel by 60% at Lagos and Abuja airports. Currency devaluation and soaring airfare costs deter casual trips, impacting the tourism and aviation sectors. Experts recommend boosting domestic tourism as Nigerians seek affordable alternatives amid...
Dangote Refinery has set petrol prices at N960 per litre for ships and N990 per litre for trucks, emphasizing the quality of its products. The company warns that cheaper alternatives may be substandard, urging support for Nigeria's local refining sector.
Dangote Refinery has announced its...
Dangote Refinery has dismissed claims of selling petrol at N1,015 to N1,028 per litre as "fake news." The refinery's response follows accusations from oil marketers, who suggested importing petrol instead, citing lower landing costs.
On Saturday, Dangote Refinery strongly refuted claims that it...
Jubilee-Life Mortgage Bank Nigeria is a prominent Nigerian mortgage sector institution that facilitates homeownership and provides tailored financial solutions. With a commitment to excellence and customer-centric services, Jubilee-Life Mortgage Bank has become a trusted partner for many...
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