The Naira fell to 555 per Dollar at the parallel market on Monday, Nov. 22. The Nigerian currency had recently fallen to 575 per dollar but it peaked last week at 530 per dollar. However, on Monday, it fell again, sliding to 550 Naira per dollar in the parallel market as demand for dollars…
The Federal government is set to lose N90 million as the Nigerian Railway workers begin a three-day warning strike today November 18. The workers began the strike action today November 18. They are demanding among other things better welfare of staff, enhanced salary, better working environment, payment of their promotional arrears, demolition of their staff…
The Minister of Agriculture and Rural Development, Mohammed Abubakar, says the Federal government is doing everything possible to bring up stimulus that will crash food prices.? ? The Minister of Agriculture and Rural Development, Mohammed Abubakar, said this in Abuja during a familiarization tour of the Agricultural Research Council of Nigeria on Monday, November 15. He…
A pastor of the Redeemed Christian Church of God, Ola Ogunfuwa, and 22 of his workers are said to be trapped under the debris from the Ikoyi 21-storey building that collapsed on Monday, November 1. Punch reports that Ogunfuwa who is in charge of the Living Water Parish in Ibafo, Ogun State, was said…
The world’s richest man, Elon Musk has promised to sell stocks of his company Tesla and contribute $6b to the United Nations if the body can prove that the money will end world hunger. Last week, the director of the United Nation’s World Food Programme said if the world’s top billionaires just donated a fraction…
Businessman and popular Instagram celebrity, Ismaila Mustapha, popularly known as Mompha, says he will be taking a break from social media to enable him take better care of his health. The Bureau De Change operator took to Instagram on Wednesday, October 6, to share the announcement, adding that he made the decision on the advice of his personal physician. The…
The Central Bank of Nigeria has explained the importance of e-naira, a digital currency it promised to launch in the country by the end of 2021. According to the CBN, the country’s adoption of digital currency would boost cross-border trade and enable the apex bank to formulate better macroeconomic policies. The Director, Information and…
A notable member of the Institute of Chartered Accountants of Nigeria (ICAN) and Managing Director of First City Monument Bank (www.fcmb.com), Mrs. Yemisi Edun, has called on the foremost professional accountancy body and its affiliates to prioritise leadership development programmes for female accountants. She made the call during the investiture of Mrs. Catherine Nnaji…
Group managing director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari has said that the allocation of three percent oil companies operating expense to host communities is higher than 30 percent of profit oil and gas for frontier exploration which is mostly in Northern communities. Appearing on an NTA interview programme on Tuesday…
The Central Bank of Nigeria (CBN) has explained why there is recent sharp depreciation of Naira against the United States Dollar. Responding to questions from members of the House of Representatives Committee on Finance during the 2022-2024 MTEF/FSP stakeholders interactive session on Monday August 16, CBN Deputy Governor, Corporate Services, Edward Adamu blamed the depreciation on COVID-19…
