Naira Exchanges for N1,515/$ in Parallel Market
The Naira yesterday depreciated in the parallel market to N1,515 per dollar from N1,495 per dollar on Wednesday.
Similarly, the Naira depreciated to N1,485.66 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM
Data from FMDQ showed that the...
First Phase of Student Loan Scheme launched
The pilot phase of Nigeria’s student loan scheme has gone live with federal tertiary institutions as beneficiaries.
President Bola Tinubu enacted an initial version of the student loan policy in June 2023 to grant interest-free loans to students.
The scheme...
Inflation to Reduce in Coming Months – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has expressed optimism that with the measures in place, core and headline inflation will come down in the coming months.
He also disclosed a new strategy...
Again, CBN Raises Interest Rate to 26.25%
The Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), a benchmark interest rates, from 24.75 percent to 26.25 percent.
The CBN Governor and the Chairman of the of Monetary Policy Committee (MPC), Mr. Olayemi Cardoso,...
Naira Gains against Dollar at Parallel, Official Markets
The naira appreciated further to N1,490 per dollar at the parallel section of the foreign exchange (FX) market on Monday.
The FX rate is a 1.34 percent increase from the N1,510/$ recorded on May 17.
Currency traders in Lagos,...
Port Harcourt Refinery Commences Operation July
The 210,000-barrel-per-day Port-Harcourt refinery may finally commence operations by the end of July after several postponements.
The new date was disclosed on Monday by the National Public Relations Officer, Independent Marketers Association of Nigeria (IPMAN), Chief Ukadike Chinedu.
He stated that...
