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Headlines
Davido, Falz, others celebrate Arsenal’s historic EPL title win
How unexploded bombs still threaten Nigerians 56 years after civil war
Executive, legislature must promote women inclusion for national devt. – Bala-Usman
BPP temporarily lifts suspension of procurement directors
Dangote Cement empowers 6 Benue communities
Kano community records massive turnout in digital birth registration exercise
FG charges new appointees on transparency, integrity
Peace Corps begins nationwide personnel re-validation exercise
Charly Boy releases teasers for historic memoir “999”
Court directs couple to divorce legally before laying claim to property

Naira makes huge recovery, gains 7.2% against dollar (Page 1,717)

By Grace Alegba

The Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira gained N88.23.

This represents a 7.16 per cent gain when compared to the previous trading date on Monday, April 8, exchanging at N1,230.61 to a dollar before the Sallah holiday.

The total daily turnover increased to $281.34 million on Friday up from $125.55 million recorded on Monday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,265 and N1,100 against the dollar.

Economic experts have continued to praise both fiscal and monetary policies of President Bola Tinubu’s administration responsible for the steady Naira appreciation.

The CBN, during its policy meetings held in February and March, implemented a total of 600 basis points in interest rate increases.

This helped tackle dollar scarcity, reduced volatility and decreased reliance on parallel markets. (NAN)(www.nannews.ng)

=============
Edited by Chidinma Agu/Vincent Obi

Naira and dollar

Naira makes huge recovery, gains 7.2% against dollar

2024-04-13
By: Afonne Emmanuel
On: April 13, 2024
In: Business, Economy/Business
With: 0 Comments

By Grace Alegba The Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira gained N88.23. This represents aContinue Reading

PDP supporters with party flags

Edo 2024: PDP’s legacy group demands fair treatment from Obaseki

2024-04-12
By: Afonne Emmanuel
On: April 12, 2024
In: Politics
With: 0 Comments

By Nefishetu Yakubu Leaders and stakeholders of the ruling Peoples Democratic Party (PDP) in Edo South Senatorial District, known as PDP Legacy group, has demanded fair treatment from Gov. Godwin Obaseki. Rising from a meeting held in Benin, the group resolved that it would no longer fold its hands andContinue Reading

Hardship: Kaigama inaugurates ‘Environmental Regeneration Briquette Project

2024-04-12
By: isaac aregbesola
On: April 12, 2024
In: Defence/Security
With: 0 Comments

Archbishop of the Catholic Diocese of Abuja, Most Rev. Ignatius Kaigama, has inaugurated the ‘Environmental Regeneration Briquette Project’, to ensure a better environment and address the economic challenges of Nigerians.Continue Reading

3rd from left is the Director, International Institute for Publishing Studies (UIIPS), Prof. Chris Ogbondah; 4th from left is Prof. Abdul-Rasheed Na'Allah, the VC, UniAbuja, and other members of staff

UniAbuja establishes international institute of publishing studies

2024-04-12
By: Afonne Emmanuel
On: April 12, 2024
In: Education
With: 0 Comments

By Uche Bibilari The University of Abuja (UniAbuja), said it has established a state of the art International Institute for Publishing Studies (UIIPS), to train manpower in publishing. The Vice-Chancellor, UniAbuja, Prof. Abdul-Rasheed Na’Allah, who made this known at a news conference on Friday in Abuja, said the institute wouldContinue Reading

Army to review 1st quarter operational activities

2024-04-12
By: isaac aregbesola
On: April 12, 2024
In: Defence/Security
With: 0 Comments

The Chief of Army Staff (COAS), Lt.-Gen. Taoreed Lagbaja, Principal Staff Officers, Commanders and commanding officers are to appraise Nigerian Army’s operations, training and other activities within the first quarter of 2024Continue Reading

Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil)

FG taking steps to restore oil production shortfall – Lokpobiri

2024-04-12
By: Afonne Emmanuel
On: April 12, 2024
In: Oil & Gas
With: 0 Comments

By Emmanuella Anokam The Federal Government says measures are being put in place to restore oil production in view of recent concerns regarding shortfall in oil production in Nigeria in the first quarter of 2024. Sen. Heineken Lokpobiri, Minster of State for Petroleum Resource (Oil) said this in a statementContinue Reading

7 persons drown in 6 days in Lagos– PPRO

2024-04-12
By: Tosin Kolade
On: April 12, 2024
In: General News
With: 0 Comments

By Moses Omorogieva The Police Public Relations Officer in Lagos state Command, SP Benjamin Hundeyin, on Friday confirmed that seven persons drowned at different swimming pools and beach in the state within six days. Hundeyin confirmed this to the News Agency of Nigeria (NAN) on Friday. “This week alone, sevenContinue Reading

How I collected $3m cash for Emefiele – CBN employee

2024-04-12
By: Tosin Kolade
On: April 12, 2024
In: Economy/Business
With: 0 Comments

By Adenike Ayodele A Central Bank of Nigeria (CBN) employee, Mr Monday Osazuwa, on Friday told an Ikeja Special Offences Court how the former apex bank governor, Godwin Emefiele, on different occasions, directed him to collect three million dollars cash in tranches. Osasuwa, while being led in evidence by theContinue Reading

Unveiling Nigeria’s epidemic preparedness beyond headlines

2024-04-12
By: Tosin Kolade
On: April 12, 2024
In: Features
With: 0 Comments

By Abujah Racheal, News Agency of Nigeria (NAN) In the lush fields of Nasarawa State, 43-year-old Mrs Mariamu Jubril was tirelessly nurturing crops that sustained her family. However, a silent battle raged – one that would test her resilience. Jubril recounts how it all began with a persistent fever accompanied byContinue Reading

U.S. gifts Nigeria lab equipment for disease outbreak emergency response

2024-04-12
By: isaac aregbesola
On: April 12, 2024
In: Features
With: 0 Comments

U.S. gifts Nigeria lab equipment for disease outbreak emergency responseContinue Reading

Posts pagination

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