Naira will Trade N850 to a Dollar at I&E Window by December - JP Morgan
A US multinational financial services firm, JP Morgan, on Wednesday projected that the naira would trade at N850/$ at the Investors’ and Exporters’ Forex window before the end of 2023.
However,...
Reps to Probe N200bn Spent on 2023 Postponed Census
The House of Representatives has resolved to probe the expenditure by the Nigerian Population Commission from the N800bn approved by the Federal Government for the conduct of the 2023 Population and Housing Census.
This was sequel to...
NGX Big Win Makes History, as All Share Index Crosses 70,000 Mark
The Nigeria Exchange (NGX) continued its bullish run in what was a very positive trading day as the All-Share Index crossed the 70,000 mark for the first time in history, closing at 70,581.76...
Nigeria Crude Producers Demand Dollar Payment from Refiners
Local crude oil producers in Nigeria are demanding to be paid with United States dollars as the currency of their operations by local refiners in Nigeria.
The producers made the demand at a meeting with the Nigerian Upstream...
Tinubu Seeks Fresh Approval of $7.8bn, €100m Loans
President Bola Tinubu has approached the Senate for the approval of another $7.8bn and €100m loans, barely 24 hours after seeking approval of the N2.18tn supplementary budget.
The request of the President was contained in a letter to...
Naira Strengthens, Exchanges for 815/$ at Official Market
The naira strengthened to N815/$ at the Nigerian Autonomous Foreign Exchange Market( NAFEM) 24 hours after the exchange rate fell to the lowest level ever when it sold N993.8/$, representing a massive 20.5% depreciation.
Before now, the lowest...
