Finance & Economy - Page 118

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

Naira Appreciates To N815.32/$1 As Nigerian Govt Pledges To Tackle Forex Woes

The Nigerian naira experienced an upswing against the US dollar, closing at N815.32/$1 at the official market on Tuesday, October 31, 2023. This sudden resurgence represents 21.81% increase from the N993.82/$1 exchange

Emmanuel Ochayi

1 year ago

Agro-Economy·News

Interesting Statistics On Nigeria’s Agricultural Sector As 2023 Gradually Winds Down

In the second quarter of 2023, the agricultural sector generated about 21 percent of Nigeria's Gross Domestic Product. The largest contribution was from crop production, which covered nearly 19 percent of the

Izuchukwu Okosi

1 year ago

Business·Currency

CBN Denies Rumours Of Plans To Redenominate Naira

The Central Bank of Nigeria (CBN) has denied rumours about plans to redenominate the naira in 2024. In a statement signed by the Bank’s Director, Corporate Communications, Isa AbdulMumin and shared on

Mercy Johnson

1 year ago

Naira Rises Against Dollar, Ends Week On Positive Note

Business·Currency

Naira Hits All-Time Low As Exchange Rate Dips To N993/$1 On Official NAFEM

Nigerian naira has reached an unprecedented low in the official market, as the exchange rate plummeted to N993 per US dollar on the Nigerian Foreign Exchange Market (NAFEM), marking a colossal 20.5%

Emmanuel Ochayi

1 year ago

Tinubu Appoints Officials Of NCC, NIGCOMSAT, Others

Finance & Economy·News

FEC Approves N2trn Supplementary Budget, Prioritizing National Security

Monday’s Federal Executive Council (FEC) meeting presided over by President Bola Tinubu approved a supplementary budget of over N2 trillion, with an emphasis on funding national security.

Emmanuel Ochayi

1 year ago

ShafDB Boosts Housing in Guinea With $12 Million Line Of Credit

Real Estate

ShafDB Boosts Housing in Guinea With $12m Line Of Credit

In a move to address the housing deficit in the Republic of Guinea, Shelter Afrique Development Bank (ShafDB) has approved a $12 million line of credit for Vista Bank Guinee SA

Emmanuel Ochayi

1 year ago

Africa·Business·Currency

Naira, Angolan Kwanza Worst Currencies In Sub Sahara Africa, Says World Bank

latest Africa Pulse report from the World Bank has declared the Nigerian Naira and the Angolan Kwanza as the worst-performing currencies in Sub-Saharan Africa this year.

Emmanuel Ochayi

1 year ago

Business·Oil & Gas

African Oil Producers Gather In Abuja To Define Industry Future

In light of the impending energy transition and the diminishing financial support for the hydrocarbon sector, eighteen member nations of the African Petroleum Producers Organization (APPO) are gathering for the third Africa

Admin

1 year ago

Business·Currency

Just In: Naira Gains, Exchanges at N1,113/$ In P2P Market

The Nigerian naira witnessed an impressive surge in the Peer-to-Peer (P2P) market, strengthening by a significant N166 against the US dollar in a few hours.

Emmanuel Ochayi

1 year ago

Business·Finance & Economy·News

US To Support Nigeria With $244 Million To Boost Small Businesses, Agriculture

The United States has extended a helping hand to 18,000 small businesses in Nigeria with an investment of $244 million in a move to drive economic development and entrepreneurship. This initiative, known

Emmanuel Ochayi

1 year ago

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Finance & Economy - Page 118

Naira Appreciates To N815.32/$1 As Nigerian Govt Pledges To Tackle Forex Woes

Interesting Statistics On Nigeria’s Agricultural Sector As 2023 Gradually Winds Down

CBN Denies Rumours Of Plans To Redenominate Naira

Naira Hits All-Time Low As Exchange Rate Dips To N993/$1 On Official NAFEM

FEC Approves N2trn Supplementary Budget, Prioritizing National Security

ShafDB Boosts Housing in Guinea With $12m Line Of Credit

Naira, Angolan Kwanza Worst Currencies In Sub Sahara Africa, Says World Bank

African Oil Producers Gather In Abuja To Define Industry Future

Just In: Naira Gains, Exchanges at N1,113/$ In P2P Market

US To Support Nigeria With $244 Million To Boost Small Businesses, Agriculture

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