The Naira yesterday depreciated to N1,615 per dollar in the parallel market from N1,610 per dollar on Monday. However, the Naira yesterday appreciated to N1,594.27 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,594.27 per dollar from N1,596.6 per dollar on Monday, indicating N2.33 appreciation …

The Naira yesterday depreciated to N1,610 per dollar in the parallel market from N1,600 per dollar last week Friday. Similarly, the Naira yesterday depreciated to N1,596.6 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1596.6 per dollar from N1,570.14 per dollar last week Friday, indicating …

A leading financial institution, Opay has launched a new feature to enhance the protection and security of users’ finances. The new feature, the Night guard feature is aimed at preventing any breach to users’ accounts. It is a first-of-its-kind functionality in the financial industry, empowering users by significantly enhancing the protection of their finances. According to Opay, a surge in …

The Naira yesterday depreciated to N1, 615per dollar in the parallel market from N1,610 per dollar on Tuesday. However, the Naira appreciated to N1,543.84 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,543.84 per dollar from N1,592.06 per dollar on Tuesday, indicating N48.22 appreciation for …

The Naira yesterday depreciated to N1,610 per dollar in the parallel market from N1,600 per dollar on Monday. Similarly, the Naira depreciated to N1,592.06 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,592.06 per dollar from N1,579.22 per dollar on Monday, indicating N12.84 depreciation for …

As preparations advance towards the 8th edition of the Lagos International Festival of Animation (LIFANIMA), the Bank of Industry has confirmed its sponsorship of the festival for the second year running. This reinforces the bank’s continued support for the creative industry, which is now fully recognised as a critical growth sector of the economy. LIFANIMA 2024 comes up on 29th–31st …

The Central Bank of Nigeria (CBN) has announced revised foreign exchange rates, reflecting recent shifts in the value of the naira against major global currencies. According to updated data on the CBN’s website on Monday, the naira witnessed a slight decline in value against the pound sterling, settling at N2,035/£1, a marginal drop of N1.82 compared to Thursday’s rate of …

A fresh investigation by the Economic and Financial Crimes Commission (EFCC) has revealed how a former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, allegedly orchestrated the printing of one billion pieces of N100 banknotes and the production of 5,000 pieces of acrylic blocks. According to an investigation by PREMIUM TIMES, the notes and acrylic blocks were …

Gold hit a record high on Friday as global stock markets diverged, with profit-taking on Wall Street, while European and Asian markets gained on reassuring data about the health of the world’s biggest economy and likely US interest rate cuts. Expectations of United States interest rate cuts weakened the dollar, while oil prices tumbled as weak Chinese demand expectations offset …

The Naira yesterday appreciated to N1, 585 per dollar in the parallel market from N1,595 per dollar on Wednesday. Similarly, the Naira yesterday appreciated to N1,586.04 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,564.48 per dollar from N1,586.04 per dollar on Wednesday, indicating N21.56 …