When it comes to currency exchange in Nigeria, the dollar to naira exchange rate in the black market, also known as the parallel market or Aboki fx, is always a hot topic. This rate has a significant impact on the economy and the daily lives of Nigerians, from business owners…
Category: News
The Association of Local Governments of Nigeria (ALGON) Appoints Bello Lawal as New National President
The Association of Local Governments of Nigeria (ALGON) has witnessed a pivotal leadership change with the appointment of Bello Lawal as its new national president. This transition occurred at a crucial time during a National Executive Council (NEC) meeting in Lafia, Nasarawa State, marking the end of Aminu Mua’zu Maifata’s…
FEC Approves Economic Stabilization Bills: A Pivotal Move for Nigeria’s Economic Growth
The Federal Executive Council (FEC) has taken a significant step towards improving Nigeria’s economic stability by approving the Economic Stabilization Bills (ESB). This decision, made during the 18th meeting of the council presided over by President Bola Tinubu, signifies a transformative period for the country’s financial landscape. The ESB is…
Nigeria Secures 12 Million Barrels of Crude Oil for Dangote Refinery in Strategic October Deal
The Nigerian Federal Government has reached a formal agreement with Dangote Refinery for the supply of 12 million barrels of crude oil to the refinery in October. Aliko Dangote, the CEO of Dangote Refinery, confirmed this development during an interview with Bloomberg TV while in the United States. According to…
U.S. Consulate Strengthens Support for Nigeria’s Growing Creative Industry
For the third consecutive year, the U.S. Consulate General in Lagos has reaffirmed its commitment to the Africa Creative Market, aiming to strengthen the collaboration between the United States and Nigeria within the creative industry. This initiative is part of a broader effort to enhance partnerships and drive innovation in…
INEC Uploads Over 98% Of Edo Election Results On IReV
Elections play a vital role in shaping the future of any nation, and the recent Edo State governorship election, held on Saturday, September 21, 2024, was no exception. Residents of Edo State took to the polls to elect a new governor, marking the end of Godwin Obaseki’s two-term tenure. With…
NAFDAC Launches Initiative To Combat Drug Abuse In Schools
NAFDAC Launches “Catch Them Young” Initiative to Combat Drug Abuse Among Nigerian Youthticularly targeting secondary school students. This initiative was officially unveiled at Government Secondary School, Tudun Wada, Wuse Zone 4, Abuja, by NAFDAC Director General, Prof. Mojisola Adeyeye, who emphasized the critical need for education and awareness in tackling…
CBN Clarifies Suspension of Cybersecurity Levy on Electronic Transfers
The Central Bank of Nigeria (CBN) has recently addressed confusion surrounding the cybersecurity levy on electronic transfers, asserting that it has not reintroduced this levy despite reports suggesting otherwise. On May 6, 2024, the CBN mandated that all commercial, merchant, non-interest, and payment service banks, along with mobile money operators,…
FG Unveils Schedule For 2024 Independence Day Celebration
Nigeria is set to celebrate its 64th Independence Day on October 1, 2024. The country, which gained its freedom from British colonial rule in 1960, marks this day annually with various activities to commemorate its journey as an independent nation. The 2024 celebration comes at a time when Nigeria faces…
NGX Extends Bullish Streak with N314bn Surge on Thursday
The Nigerian Exchange Limited (NGX) continued its bullish momentum as investors recorded substantial gains, adding N314 billion to their portfolios on Thursday. This positive outcome saw the market capitalization, which opened at N56.133 trillion, climb by 0.56 percent to close at N56.447 trillion. Similarly, the All-Share Index (ASI) increased by…