nigeria naira

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    Entertainment Based On Logistics: Nigerians React To 2017 BBNaija Show

    Nigerians are reacting to the landslide victory of Efe at the just concluded 2017 Big Brother Nigeria show. Efe won with 57.61 per cent of the total votes. Here are what Nigerians are saying, based on our logistics:
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    Business Naira Crashes Again, Loses 2% To 405 Per Dollar

    Nigerian naira has crashed at the parallel market for the second consecutive day, Nigerian Bulletin can report. The currency lost 2 per cent to close at 405 to a dollar at the parallel market despite efforts by the Central Bank of Nigeria to boost the currency. It closed stable against the...
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    Business Naira Loses 1.8% To 390 Per Dollar At Parallel Market

    Nigerian naira on Friday closed bearish for the third time in a row since the Central Bank of Nigeria, CBN, pegged forex rate for the Bureau De Change operators nationwide. The currency dropped by 1.79 per cent to close at 390 against the United States dollar. It also depreciated against the...
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    Business Naira Falls Further, Sells At 383/US$1 At Parallel Market

    Nigerian naira on Thursday fell further at parallel market for the second consecutive day in a week after gaining over 10 per cent last week. The currency dropped by 3 naira to 383 to the dollar, 10 naira to 410 to Euro at the black market segment. However, it appreciated 1.2 per cent to close...
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    Politics Biafra: Okorocha Urges Buhari To Release Nnamdi Kanu

    Governor of Imo State, Rochas Okorocha, has called on the President Muhammadu Buhari-led federal government to consider the release of the self-acclaimed leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu. The governor attributed Nnamdi Kanu’s actions to youthful exuberance, and...
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    Politics Ondo Assembly Appoints Arowele Samuel As Acting Speaker

    The Ondo State House of Assembly has appointed an Acting Speaker, Mr. Malachi Coker, following the resignation of the Speaker, Jumoke Akindele on Monday in Akure. The News Agency of Nigeria (NAN), reports that the legislators at the plenary session, also appointed Arowele Samuel from Owo l...
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    Metro Third Mainland Bridge: LASEMA Reveals Identity Of Man Who Jumped Into Lagos Lagoon

    The Lagos State Emergency Management Agency on Sunday revealed the identity of the man who today abandoned his vehicle on the Third Mainland Bridge and jumped into the Lagos Lagoon. Spokesman of the Lagos State Emergency Management Agency (LASEMA), Kehinde Adebayo said the man is Orji but did...
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    Business Nigeria's External Reserves Hit $30Bn

    Hopes of further appreciation of the naira brightened as the nation’s external reserve rose to $30 billion, the highest in 13 months. Consequently, the external reserve has risen by $4.2 billion since the beginning of the year, and by $6.2 billion since October 19th, 2016 when it commenced its...
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    Business Naira Gains 4.7% To 535 Against Pound At Parallel Market

    Naira on Thursday morning trading recorded 4.67 per cent gain at the parallel market, exchanging at N535 to a pound from 560 previous day. The US dollar and the Euro remained at the parallel market at N455 and N460 respectively. At the Bureau De Change window, the Naira was sold at N399 to a...
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    Business NNPC Hopeful Oil Production Will Hit 2.2m Barrels Benchmark By June

    The Nigerian National Petroleum Corporation (NNPC) said it hopes to ramp up crude oil production above the country’s budget benchmark of 2.2 million barrels per day (b/d) by the end of the second quarter of 2017 due to the restoration of critical export pipelines and the peace so far achieved in...
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    Metro Biafra: Soludo, Utomi Call For Immediate Release Of Nnamdi Kanu

    Chukwuma Soludo, ex-Central Bank of Nigeria (CBN) governor, and Patrick Utomi, a professor of economics, have called for the immediate release of Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB). According to TheCable, the thought leaders under the aegis of ‘Nzuko Umunna’, a...
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    Business Numeraire: New Hedge Fund Hijacks Naira Symbol From Nigeria

    An AI hedge fund out of has hijacked the Naira symbol for its cryptocurrency, Numeraire. 29-year-old South African technologist Richard Craib and his unorthodox hedge fund Numeria, on Tuesday released one million units of the new digital currency to 12,000 scientists. Numerai is one of...
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    Politics FG Recovers Another $151m, N8Bn Looted Funds Through Whistle-blowers

    The Federal Government's Whistle-blower policy has started yielding fruit as it has so far led to the recovery of US$151 million and 8 billion Naira in looted funds, the Minister of Information and Culture, Alhaji Lai Mohammed, said. In a statement issued in Lagos on Sunday, the Minister said...
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    Business Naira Appreciates To 498 At Parallel Market

    Nigeria naira on Monday appreciated to 498 from 500 its closed on Friday at the parallel market, amidst increase in the foreign reserve. Nigeria's forex exchange reserves have gained more than $2bn in 2017, rising to $28.2bn on February 2. The currency remained stable against the pound and...
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    Business Naira To Fall Further As Dollar Inflow Drops

    The naira is set to witness another round of decline against the dollar in the days ahead as an increase in dollar flows from Nigerians living abroad coming home for holidays fell short of expectations, traders said. Foreign exchange reserves last Friday also fell 11.7 per cent to $25.72...
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    Business CBN Discovers Over 2 Million Fake Naira Notes In Kano

    The Central Bank of Nigeria (CBN) has discovered about N2 97120.00 counterfeit currency notes in circulation in Kano state between January and November 2016. This was disclosed by the CBN branch controller Kano state, Abubakar Ameena Pindar to Daily Trust Newpaper. Ameena made the comment...
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    Business Naira Edges Towards N500/US$ As Fake Hong Kong Dollars Flow Into FX Market

    The value of the naira at the parallel market is dipping towards N500 per dollar even as the Central Bank of Nigeria (CBN) warns of an influx of fake Hong Kong dollars (HK$) in the country’s foreign exchange market. The naira had on Tuesday depreciated in value from N473 to the dollar to N480...
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    Politics We Bought N3.6bn Exotic Cars During Recession To Work Effectively – Reps

    The House of Representatives on Thursday defended its decision to buy exotic cars for its 360 members at a period the country’s economy is in recession. It said lawmakers must have a means of mobility while carrying out oversight duties over Ministries, Departments and Agencies of the Federal...
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    Business Naira Sustains Gain on InterBank Market, Closes at N305/USD1

    The Nigerian Naira on Monday sustained its gains by 0.08% to close flat at 305 to the dollar at the inter-bank market. The Pound Sterling also appreciated by three points to close at N547, while Euro and the Dollar remained steady at N495 and N455 at the parallel market segment, according to...
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    Business Nigeria Seals $15bn Oil and Gas Deal With India

    Nigerian government has sealed a $15 billion oil and gas investment deal with India. The Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, who is currently on a three-day visit to India, concluded talks on the investments in a bilateral meeting with his Indian counterpart in...
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