Tag: dollar

Top 5 Stories Of The Day | Telecoms Receive Approval to Raise Hike to 50% for the First Time in 12 years

Top 5 Stories Of The Day | Telecoms Expect NCC’s Approval as it Suggests a 100% Tariff Hike

Telecoms expect NCC’s approval as it suggests a 100% tariff hike ASUU opposes the FG’s removal of education tax FG reveals that tax reform will improve workers’ welfare Rhodes-Vivour expresses…

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Top 5 Stories Of The Day | NBS Report that Every Nigerian Owes ₦620k

Top 5 Stories Of The Day | NBS Report that Every Nigerian Owes ₦620k

NBS report that every Nigerian owes ₦620k Dangote and IPMAN come to an agreement on petrol lifting DisCo at risk of being sanctioned by FG agencies for charging metre change…

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#EndBadGovernance Protest: Tinubu Addresses Protesters, Reads Leaked Speech and Lists Achievements

Top 5 Stories Of The Day | Pres. Tinubu Likely to Suspend Import Duties on Food

Pres. Tinubu likely to suspend import duties on food US lawmakers seek the release of captured Binance executives Kaduna Assembly accuses El-Rufai and commissioners of squandering ₦423b Tripartite Committee adjourns…

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NLC

Top 5 Stories Of The Day | Organised Labour Begins Strike Over Electricity Tariff Hike

Organised Labour begins strike over electricity tariff hike International Monetary Fund urges FG to halt electricity subsidy Abuja tenants lament as landlords increase rent fees Presidency alleges President Bola Tinubu…

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Top 5 Stories Of The Day | Trade Union Congress Threatens to Shut Down the Economy Against Cybersecurity Levy

Trade Union Congress (TUC) threatens to shut down the economy against Cybersecurity Levy FG responds to Binance accusations, says blackmails won't save it Microsoft shuts down office in Nigeria, sacks…

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Fuel

Top 5 Stories Of The Day | Nigerians Lament As Fuel Scarcity Persists, Sells For Over ₦1,000/litre

Nigerians lament as fuel scarcity persists, sells for over ₦1,000/litre Tinubu gives reason for fuel subsidy removal FCCPC probes MultiChoice for its recent hike in subscription fees Naira gains against…

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Top 5 Stories Of The Day | Naira Depreciates in Official and Parallel Market

Naira depreciates in official and parallel market Dangote Cement launches new retail prices Abuja American school refunds alleged stolen $760K to EFCC as Court calls EFCC Chairman Tanzania shuts power…

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Nigerian market

NLC, TUC Suspends Nationwide Strike; Naira Falls Against US Dollar at ₦1,114/$ in the Parallel Market | 5 Things That Should Matter Today

NLC, TUC suspends nationwide strike Nigeria's food inflation rises to 27.33% in October Saudi Arabia gives reason for visa cancellation of 177 Nigerians Naira falls against US Dollar at ₦1,114/$…

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Fire Outbreak in Canadian High Commission, Abuja; Naira Gains Against the Dollar, Rises to ₦1,025/$ | 5 Things That Should Matter Today

Fire outbreak in Canadian High Commission, Abuja The federal government condemns America's advisory to citizens  Seyi Makinde approves ₦25,000 for workers and ₦15,000 for pensioners in Oyo State Peter Obi…

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The Naira Continues Free Fall, Dropping to ₦1,315/$; Labour Party demands Tinubu remove Minister of state for Labour | 5 Things That Should Matter Today

The Naira continues free fall, dropping to ₦1,315/$ Nigeria and Namibia collaborate on pan-African movie productions High Court orders Tinubu and South-East governors to pay ₦8 billion restitution fee to…

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Naira and dollar

Police Send Warning Ahead of #EndSARS Memorial; Naira Falls to ₦1,155 against the Dollar | 5 Things That Should Matter Today

Police Send Warning Ahead of #EndSARS Memorial Federal Government announces plan on reciprocating strict visa issuance in countries President Tinubu withdraws nomination of 24-year-old as FERMA Chairman Federal Government announces…

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FG

FG Projects ₦26 Trillion for the 2024 Budget; ABCON Set to Crash the Dollar at Parallel Market, Approves New Exchange Rate | 5 Things That Should Matter Today

FG Projects ₦26 Trillion for the 2024 Budget Minister of Women Affairs gives ultimatum to UN, demands for designated funds  ABCON determined to crash the dollar at Parallel Market, approves…

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Atiku Abubakar

SMEs Threatened as Naira Falls to ₦1,025/$; Police Announce Killaboy Wanted for Augusta’s Murder | 5 Things That Should Matter Today

SMEs threatened as Naira falls to ₦1,025/$ Police announce Killaboy wanted for Augusta’s murder Presidential panel reveals goal of reducing the number of taxes in Nigeria Representatives to examine the…

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President Tinubu

Panic As Dollar Trades At ₦1,000/$ in Parallel Market; Africa Will No Longer Sit Still As Foreigners Deplete its Resources – Pres. Tinubu | 5 Things That Should Matter Today

Panic as US dollar trades at 1000/$ in parallel market Africa will no longer sit still as foreigners deplete its resources - Pres. Tinubu Police officers uncover a bomb-making factory…

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N950/$1 – Why The Naira is Weakening Against the Dollar

In recent times, Nigeria's Naira has been facing a perplexing challenge – its value against the US Dollar keeps dropping. This downward trend, which persists even after the Central Bank's…

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Dollar falls to N730 at parallel market; Hoarders of naira notes purchasing dollar bills from BDEs

The naira, which has been depreciating against major currencies for the past two weeks, has made a comeback in the parallel market, registering gains. Recall that the Nigerian currency touched…

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Enjoy your summer with FirstBank Dollar denominated cards

This summer promises to be an exciting one for holiday makers with FirstBank’s bouquet of Dollar denominated cards.  Convenience, security, flexibility and improved spend are the key defining features of…

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U.S Dollar rate crashes with Republican Healthcare bill

Following news that Republicans were unable to repeal and replace Obamacare, the U.S. dollar went crashing alongside the Republican Healthcare on Monday, Politico reports. According to CNN, the U.S dollar…

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Naira sells at N390/dollar

by Dolapo Adelana The Naira continued its steady rise against the Dollar on Thursday as it traded for N390 at the parallel market in Abuja. The Naira also appreciated against…

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APC youth demand Ekweremadu’s resignation

by Dolapo Adelana The All Progressives Congress, APC, Youths Renaissance has called for the resignation of Deputy Senate President, Senator Ike Ekweremadu. North Central Coordinator of the group, Hon. Abubakar…

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The Late 5: These are the stories that drove conversations today

These are the top five stories that drove conversations today. SHERIFF, APC LOCK UP STAKEHOLDERS MEETING VENUE – MAKARFI-FACTION The Ahmed Makarfi faction of the Peoples Democratic Party (PDP) has…

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Just In: Central bank introduces new foreign exchange policy

The Central Bank of Nigeria (CBN) has released a new foreign exchange policy. In a statement on Monday, the CBN it would henceforth provide direct additional funding to banks. The apex…

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Dollar will hit N650 before stabilising – T.B Joshua

Pastor of The Synagogue Church, Prophet T.B Joshua on Sunday said Nigerians should pray for President Muhammadu Buhari, especially on his health. Speaking during his sermon, Joshua said those wishing…

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Why CBN must close naira, dollar exchange rates’ gap – Osinbajo

Vice President Yemi Osinbajo has said the Central Bank of Nigeria need to close the gaps between the official and black market exchange rate of dollar to naira. Osinbajo was…

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YNaija Analysis: Like Jonathan, Buhari has become a very dangerous president

In the months prior to the 2015 general elections, the wind of ‘change’ swept through Nigeria. Almost everyone was excited at the prospect of Gen. Muhammadu Buhari (as he then…

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[The Legislative Blog]: We should applaud the Senate for rejecting CBN’s FOREX proposal

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele is obviously in a struggle to keep up with his recent bravado about how his policies have saved the…

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#30Days30Voices: ‘People are hungry but ….’ | Man assesses the Buhari administration

With the critical Forex situation, crashing oil prices and the volatile situation of the economy, there appears to be a sense of frustration from Nigerians about the change the present…

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Emir Sanusi is as stern as they come – 12 reasons we’re totally feeling his vibe

by Tolu Omoyeni The Emir of Kano and former Central Bank governor, Sanusi Lamido Sanusi is resolute in his opinions on how the country should be run. When he speaks…

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According to the CBN governor, this is why the Naira is falling

Governor of the Central Bank of Nigeria, Godwin Emefiele, on Saturday, explained that the Naira is depreciating against the dollar because Nigeria doesn't export anything except oil. Speaking at a career…

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Nigerians on Twitter react to CBN’s subsidized exchange rate for Hajj pilgrims

Following the news that the Central Bank of Nigeria (CBN) intends to give subsidy on foreign exchange to Hajj pilgrims, Nigerians have taken to social media to express their opinion on…

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