Naira Gains Against Dollar in Both Official, Black Markets
The naira appreciated by ₦15.33 against the US dollar across both the official and parallel markets on Monday, June 2, reflecting ongoing volatility in Nigeria’s foreign exchange landscape.
In the black market, currency traders in Abuja told...
Pantami Foundation Donates N66m, 162 Animals to Needy for Eid Celebration
In a major philanthropic gesture to support the less privileged during the Eid-el-Kabir celebrations, the Professor Isa Pantami Foundation has donated 12 cows, 150 rams, and a total of N66 million in cash. The...
Renewed investor confidence, supported by strong macroeconomic fundamentals, propelled the Nigerian equities market to new heights last week, adding a substantial N1.7 trillion to its market capitalisation.
The cost of imported raw materials surged by 118 per cent to N6.64 trillion in 2024 alone due to the depreciation of the exchange rate, Manufacturers Association of Nigeria (MAN) has disclosed.
The International Air Transport Association (IATA) yesterday reported that $1.3 billion in airline funds are blocked from repatriation by governments as of end of April 2025.
