Naira Gains Against Dollar as Forex Pressures Mount
The Nigerian naira appreciated slightly against the US dollar on Tuesday, June 24, in both the official and parallel markets, reflecting persistent pressure and volatility in the country’s foreign exchange environment.
In the black market, currency dealers in...
The Airline Operators of Nigeria (AON) yesterday disclosed that Nigerian airlines would start receiving dry-lease aircraft from lessors across the world.
Global crude oil prices have recorded a 3 per cent decline, falling below the $70 per barrel mark, following Israel’s agreement to a ceasefire deal brokered by US President Donald Trump to end hostilities with Iran.
With a current production capacity of 62.69 million and holding the position of the largest producer of cassava in the world, Nigeria is missing out of the $180 billion global cassava processing market.
The Nigerian naira depreciated slightly against the US dollar on Monday, June 23, in both the official and parallel markets, reflecting persistent pressure and volatility in the country’s foreign exchange environment.
The Nigerian telecom industry is making a strong recovery, contributing significantly to the country’s Gross Domestic Product, following a foreign exchange crisis that impacted the sector about two years ago.
