The Naira value weakened by 1.9% or N28.73 against the United States Dollar on Thursday, February 22 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) despite unconventional approaches to ease the free fall of the currency. It closed at N1,571.31/$1 on Thursday, February 22, down from N1,542.58/$1. The domestic currency suffered the loss despite the supply of foreign exchange (FX) improving by 11.7 per cent or $20.11 million to $192.25 million from Wednesday’s $172.14 million. However, the local currency appreciated against the Pound Sterling in the official market yesterday by N142.83 to settle at N1,880.81/£1 compared with the previous day’s…
Author: meridianspy
military high command on Thursday urged citizens to remain resilient and contribute to finding solutions in the ongoing fight against insurgency.
Samuel Ogbemudia Stadium in Benin, the designated venue for the Edo State Peoples Democratic Party’s (PDP) governorship primary election.
Renowned American rapper Rick Ross has expressed his love to President Bola Tinubu for his impact while also bringing attention to the Nigerian culture.
Solomon Dalung, a former Minister of Sports in the Buhari administration, has mocked President Bola Tinubu following the excruciating economic hardship and hunger
The federal government plans to restart direct cash transfers to the poorest and most vulnerable Nigerians.
The attention of the Department of State Services (DSS) has been drawn to plans by sections of the organised labour to stage protests between 27th and 28th February, 2024 in parts of the country over sundry economic issues. While the Service recognises such action as the legitimate right of the labour movement, it, however, urges the body to shelve the plan in the interest of peace and public order. The DSS further calls on parties to pursue dialogue and negotiation rather than engaging in conducts that could heighten tensions. This is more so that the Service is aware that some…
The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has said Nigerian economy is now approaching light at the end of the dark tunnel after struggling for weeks. Cardoso spoke Sunday in Abuja at the opening of the 2024 First Plenary Assembly of the Catholic Bishops Conference of Nigeria (CBCN). The event was themed, “Synod on Synodality: Areas of Concern for the Church in Nigeria. “I will continue to remember that in spite of (my job) the second most difficult job on the face of the planet, this is really something that remains very memorable,” the CBN governor said.…
President Bola Tinubu has said Nigeria is ready to host the African Central Bank in line with the vision of the Abuja Treaty.
The minister said the border was closed to the importation of cement to help local manufacturers but if the government
Alh. Muhammed Idris, is one dyed in the wool advocate ethical journalism in Nigeria. Idris, within the short period he has held sway as minister, has organized Ministerial Press
Senate through its Committee on Finance on Monday frowned at the N17tn loss incurred by the country on tax waivers within the last five years.