Breaking News
Naira continues to fall, rises to N1,618/$ in parallel market
Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,604 per dollar from N1,599 per dollar on Monday, indicating N5 depreciation for the naira.
The naira yesterday appreciated to N1, 618 per dollar in the parallel market from N1,620 per dollar on Monday.
But, the Naira depreciated to N1,604 per dollar in the Nigerian Foreign Exchange Market (NFEM).
Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,604 per dollar from N1,599 per dollar on Monday, indicating N5 depreciation for the naira.
Consequently, the margin between the parallel market and NFEM rate narrowed to N14 per dollar from N21 Monday.
Cease The Unchecked Looting -By Abba Dukawa
To address this, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Economic and Financial Crimes Commission...
Moscow University Museum Presents Insights into African Artistic Culture -By Kestér Kenn Klomegâh
In his contribution, Louis Gouend, Chairman of the Commission for Work with African Diasporas at Moscow State University's Russian-African Club,...
Justice, Peace And Integrity Of Creation Prerequisite To Good Living -By Melissa Thomas
There are many ways to promote peace in our world of today but perhaps the best way is to promote...
Africa Squeezed Between Import Substitution and Dependency Syndrome -By Kestér Kenn Klomegâh
The key buyers of Russian grain on the continent are Egypt, Algeria, Kenya, Libya, Tunisia, Nigeria, Morocco, South Africa, Tanzania...
Accelerating Intra-Africa Trade and Sustainable Development -By Kestér Kenn Klomegâh
The AU Private Sector Forum has held several forums, with key recommendations. These recommendations provide valuable insights into the challenges...