The spouse of a high-ranking official at Binance, a leading cryptocurrency trading platform, has appealed to the U.S. Congressional delegation in Nigeria, urging their intervention to release her husband, Tigran ...
Lee Satterfield, the U.S. Assistant Secretary of State for Educational and Cultural Affairs, recently visited Lagos and Abuja to emphasize various U.S. public diplomacy initiatives aimed at enhancing education and ...
The Naira-to-dollar exchange rate rose to N1,431/$, bringing the week to a close on a positive note. According to data from the FMDQOTC, where the exchange rate is officially set, ...
A recent report by Cadre Harmonise has revealed that approximately 31.5 million Nigerians are at risk of food insecurity between June and August 2024. This situation is exacerbated by the ...
The Nigerian Federal Government is planning to raise $10bn to improve liquidity in the foreign exchange market. On Tuesday, the naira fell to an all-time low of 1,850 per dollar ...
Nigerian Breweries Plc has disclosed a net loss of N106 billion for the fiscal year ending December 31, 2023, primarily attributed to the adverse effects of naira devaluation on its ...
The Nigerian Naira faces unprecedented challenges as its exchange rate against the US Dollar has plummeted to a historic low, nearing N1,700/$1 in the official market. Despite the Central Bank's ...
The International Monetary Fund (IMF) has urged the Nigerian government to eliminate subsidies for fuel and electricity, stating that these supports are costly and ineffective in aiding the most vulnerable ...
The Nigerian naira witnessed a historic decline to an unprecedented low of N1,534.39 per dollar on Monday, accompanied by a staggering 64.69% drop in forex turnover to $89.61 million. This ...
Last year, the collective tiers of government in Nigeria, including the federal, state, and local authorities, experienced a substantial windfall from foreign exchange gains totaling N2.52 trillion, as reported by ...
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