Naira Declines At Parallel Market, Appreciates At Official Window As Rates Converge
The Naira declined from N1,600/$1 to N1,605/$1 at the parallel market, appreciated to N1,608.98 from N1, 615.94 at the official window.
The Naira declined from N1,600/$1 to N1,605/$1 at the parallel market, appreciated to N1,608.98 from N1, 615.94 at the official window.
Delta is the second major US carrier to reinstate flights to Israel.
Nigeria has – for about four years – been unable to meet its OPEC production quota due mainly to oil theft.
“We are proud to bring Heirs Holdings’ core values and business approach to the tech sector,” said Obong Idiong.
Nigeria has hired Citibank, JPMorgan Chase and Goldman Sachs to seek advice on its first Eurobond issue since 2022.
The naira appreciated at the parallel market for the first time in two weeks but depreciated to N1,615.94 officially.
Pioneer Access Bank MD Aig-Imoukhuede has been invited to guide the group into a new era following Wigwe’s death.
The LIRS is urging Lagos residents to file their taxes before the March 31st deadline.
Nigeria’s House of Representatives says the increase in failed bank transactions has reached an unprecedented level.
Binance, at the centre of investigations into attacks against the Naira, has been told to reveal transaction history.
Nigerian Breweries recorded a net loss of N106bn in 2023 due to depreciation of the Naira.
Ethereum rose 2.1% to reach $4,000, its highest level in two years.
“The speed of response to organised businesses’ concern was commendable and worthy of note.”
It follows closely on the heels of Lufthansa’s revelation of record profits for the year 2023.
The report however said that monetary rates should be tightened further to attract capital inflows.
A joint committee will be formed to review the EEL policy and make resolutions where necessary.
“We want the Ministry of Aviation and Aerospace Development to intervene in this matter and tell FAAN to do the right thing.”
“We are presently concerned about sustainability, efficiencies and affordability of energy for Nigerians…”
He argued that although it’s still early days in the Tinubu administration, Nigeria is on the right track economically.
Being a developing country, Nigeria has to take immediate advantage of this due to our youthful population”
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