42 h. ago Kugbo market to drive local, national economic growth –  Mahmoud

From Juliana Taiwo-Obalonye, Abuja   Minister of State for the Federal Capital Territory, Mariya Mahmoud, at the  official inauguration of phase 1 Kugbo International Market constructed by the Abuja Investment Company Limited, (AICL), has said that the market is poised to enhance local and national economies by fostering trade and commerce.  She emphasised that the market […] The post Kugbo market to drive local, national economic growth –  Mahmoud appeared first on The Sun Nigeria.

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3 d. ago Naira depreciates at official market, holds steady on parallel window

Tribune Online Naira depreciates at official market, holds steady on parallel window The Nigerian naira faced mixed fortunes on Wednesday, April 3, 2025, depreciating at the official market while remaining stable on the parallel window. At the Nigerian Autonomous Foreign Exchange Market (NAFEM), the local currency closed at N1,552.53 per US dollar, down from Tuesday’s rate of N1,531.25/US$. However, at the parallel market, the naira held firm […] Naira depreciates at official market, holds steady on parallel window Tribune Online

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9 d. ago Naira gains against dollar in official market, trades at N1,536.82

The Naira appreciated on Friday in the official market, trading at N1,536.82 to a dollar. Data from the Central Bank of Nigeria website showed that the Naira gained N1.84. This represents a 0.11 per cent increase compared to the N1,538.66 per dollar recorded on Thursday. The gain followed four days of slight depreciation between Monday Read More

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1 week ago Soldier, taskforce clash in Ebonyi international market over N500 ticket

From IUchenna Inya, Abakaliki There was tension at lot 2 international market, Ebonyi State yesterday when the market ticket taskforce officials and a soldier clashed. The soldier and some of the taskforce officials sustained varying degree of injuries during the clash The  incident occurred  at Lot 2 in the market. Trouble started when the taskforce […] The post Soldier, taskforce clash in Ebonyi international market over N500 ticket appeared first on The Sun Nigeria.

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1 week ago CBN plans fresh battle against forex speculators as naira slides

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the apex bank remains resolute in its commitment to maintaining order in the country’s foreign exchange market by identifying and eliminating bad actors whose activities undermine the stability of the naira. This came as findings showed that the naira depreciated slightly at the official Read More

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1 week ago Naira gains as CBN accounts for 39.85% of dollar inflows in NFEM

The naira on Monday appreciated in the official foreign exchange (FX) market as the Central Bank of Nigeria (CBN) accounted read more Naira gains as CBN accounts for 39.85% of dollar inflows in NFEM

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2 w. ago Pension Fund Assets Deplete 100% In Dollar Terms Despite N16.06trn Gain

While the nation’s pension fund assets grew by N16.06 trillion, inflation, forex volatility and naira depreciation depleted the assets over 100 per cent in dollar terms in the last 10 years, LEADERSHIP Sunday can exclusively reveal. LEADERSHIP investigation shows that, as at June 2014, when one dollar was exchanging at N163, the pension assets were […]

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3 w. ago “Tinubu’s Economic Policies Have Failed Nigerians” – Peter Obi

Peter Obi, the former Labour Party presidential candidate, has taken a subtle jab at President Bola Tinubu’s administration. Obi sarcastically “praised” Tinubu for fulfilling his promise to continue where former President Muhammadu Buhari left off, citing the significant depreciation of the naira. According to Obi, Tinubu met the dollar at N400 and pushed it to […] The post “Tinubu’s Economic Policies Have Failed Nigerians” – Peter Obi appeared first on Information Nigeria.

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3 w. ago KERC Engages Stakeholders Ahead Of Electricity Market Takeover

The Kogi State Electricity Regulatory Commission (KERC) has engaged critical stakeholders in the energy sectors ahead of the official takeover of the electricity market from the Abuja Electricity Regulatory Commission. The KERC will on Wednesday, March 12, 2025 officially assumed the regulation of the electricity market, following the approval of the federal government in September […]

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4 w. ago Naira reverses gains, depreciates at official, parallel markets

In the past week, the naira reversed some of the gains it had made in recent times as it depreciated against the United States dollar at both the parallel and official markets. At the close of trading in the past week, the naira weakened by 1.66 per cent week-on-week, closing at 1,517.24/$ from 1,492.49/$ the Read More

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