Finance & Economy - Page 105

Naira To Sustain Depreciation In 2024 - Analysis Reveals

40% Depreciation Pushes Nigeria’s Naira Among Worst Currencies In Africa

A World Bank report released this October has ranked the Naira among the worst-performing currencies in Africa, as the Nigerian currency lost 40 per cent of its value following the devaluation

Victor Ezeja

1 year ago

Naira Rises Against Dollar, Ends Week On Positive Note

Business·Currency

Naira Depreciates To N756/$ In I&E Window

In a dynamic twist of events, the Nigerian naira faced a rollercoaster ride in the financial markets on Wednesday. The currency, which had exchanged for N745.19 to a dollar just a day

Emmanuel Ochayi

1 year ago

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Finance & Economy

Unprecedented Naira Depreciation As Black Market Rate Hits N1000/$1 In Q3 2023

Nigeria’s currency, the Naira, experienced a significant depreciation during the third quarter of 2023, with the unofficial market rate plummeting to N1000/$1. This alarming drop, coupled with a decline in external reserves,

Emmanuel Ochayi

1 year ago

Reps Launch Inquiry To Retrieve N10 Trillion For Pensioners

Business·Finance & Economy·Latest News

Reps To Launch Inquiry To Retrieve N10 Trillion For Pensioners

The House of Representatives has unanimously voted to launch an inquiry into the status of pension funds and take action to retrieve the staggering N10 trillion that was lent to the Federal

Emmanuel Ochayi

1 year ago

Business·Finance & Economy·Latest News

FG To Launch N50,000 Non-Interest Loans For N1.5 M Market Women

In a move to empower market women across Nigeria, Dr. Betta Edu, the Minister of Humanitarian Affairs and Poverty Alleviation, revealed on Tuesday that the Federal Government is gearing up to provide

Emmanuel Ochayi

1 year ago

Labour·Latest News

Post-subsidy: FG Not Ready For CNG Deployment – Sam Amadi

Former chairman of the Nigeria Electricity Regulatory Commission (NERC), Dr Sam Amadi, has reacted to the Federal Government’s declaration of plans to deploy cheaper and safer Compressed Natural Gas (CNG) buses across

Victor Ezeja

1 year ago

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 18th July 2024

Business·Finance & Economy·Latest News

Experts Urge Focus On Local Industries As Naira Fall Persists

In recent times, Nigeria has been grappling with the continuous devaluation of its currency, the Naira, against major foreign currencies. This persistent depreciation has raised concerns among economic experts and policymakers about

Emmanuel Ochayi

1 year ago

Business·Finance & Economy·Latest News·World News

UK, US Pledge Support For Nigeria’s Marine, Blue Economy Development

The governments of the United Kingdom and the United States have announced their commitment to partner with Nigeria in the development of the newly established Ministry of Marine and Blue Economy. This

Emmanuel Ochayi

1 year ago

Presidential Committee Proposes Tax On Unofficial Forex Transactions

Business·Latest News·Oil & Gas

N10 Trillion Spent On Refineries, But They Refuse To Work, Says Taiwo Oyedele

During the Platform Nigeria symposium held on Monday, October 2 in Lagos, Taiwo Oyedele, the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, shocked the audience with a stark revelation.

Emmanuel Ochayi

1 year ago

Labour·Personal Finance

FG Begins 1 Percent Deduction From Staff Salaries As NSITF Mandatory Contribution

The Federal Government has begun implementation of mandatory 1 per cent contribution from public servants Emoluments to the Nigeria Social Insurance Trust Fund (NSITF). The contribution is for the Employees’ Compensation Scheme

Abigail Erhiagboje

1 year ago

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Finance & Economy - Page 105

40% Depreciation Pushes Nigeria’s Naira Among Worst Currencies In Africa

Naira Depreciates To N756/$ In I&E Window

Unprecedented Naira Depreciation As Black Market Rate Hits N1000/$1 In Q3 2023

Reps To Launch Inquiry To Retrieve N10 Trillion For Pensioners

FG To Launch N50,000 Non-Interest Loans For N1.5 M Market Women

Post-subsidy: FG Not Ready For CNG Deployment – Sam Amadi

Experts Urge Focus On Local Industries As Naira Fall Persists

UK, US Pledge Support For Nigeria’s Marine, Blue Economy Development

N10 Trillion Spent On Refineries, But They Refuse To Work, Says Taiwo Oyedele

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