Business

New Exchange Rate Emerge As Naira Depreciates In Both Official And Parallel Markets

On Monday, the naira depreciated in both the official and parallel markets, reaching rates of 1,670.75/$ and 1,748/$, respectively, as daily foreign exchange turnover...

FG Seeks Fresh $750m World Bank Loan

The Federal Government is currently seeking a $750 million loan from the World Bank as part of a larger $2.25 billion package approved on...

NLC Reacts As IMF Denies Being Responsible For Advising Nigerian Government To Remove Fuel Subsidy

The Nigeria Labour Congress (NLC) has rebuked the International Monetary Fund (IMF) over its denial of advising the Nigerian government on the removal of...

Reports Submitted To FAAC By NNPCL Are Inconsistent, Lacks Details On Revenue – World Bank

The World Bank has highlighted inconsistencies and a lack of essential details in the reports submitted by the Nigerian National Petroleum Company Limited (NNPCL)...

Naira Depreciates To N1,740/$ In Parallel Market

Today, the Naira depreciated in the parallel market, falling to N1,740 per dollar from N1,739 per dollar on Thursday. Conversely, it appreciated in the Nigerian...

Naira Appreciates By 0.07% Against Dollar At Official Market

The naira closed stronger on Friday at the official market, trading at N1,600 to the dollar. Data from the FMDQ Exchange's official trading platform indicated...
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