Thursday, 28th March 2024
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Naira

2 days ago
With an increased Federation Account Allocation Committee (FAAC) allocation to states since the removal of fuel subsidy, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged that governors channel their allocation towards verifiable, visible and sustainable socio-economic projects.
3 days ago
Some financial experts have commended the Federal Government for some of its monetary policies that have led to the steady appreciation
23 Mar
President Bola Tinubu has tasked Nigerians to intentionally patronise made in Nigeria products and services so as to sustain the unfolding positive showings of the naira at the foreign exchange markets. 
21 Mar
Naira may be on track to regaining N1,300/$ as the dumping of hard currencies warehoused by speculators turns the foreign exchange (FX) into a buyer’s market.
12 Mar
ALL development programmes implemented by Nigeria since independence have always been conceived in Britain and America. Nigeria began with National Plans 1960-1985, then the Structural Adjustment Programme (SAP) 1986-now.
11 Mar
After a riotous February, naira seems to be on a new price-discovery path even as multiple estimates agree the currency is currently trading below its “fair value”, suggesting a significant appreciation that will raise the exchange rate to about N1400/$ before the end of the year.
5 Mar
Cryptocurrency giant Binance has said it will discontinue all its naira services, days after two of its officials were detained in Nigeria. The world's biggest cryptocurrency exchange has already told its Nigerian users to either withdraw their naira deposits, trade their assets denominated in the currency or convert their naira holdings into crypto before the…
4 Mar
The slogan of President Ahmed Bola Tinubu is good but as far as I’m concerned, I see a big disconnect between the renewed hope, and anticipated hope.
27 Feb
The FBNQuest Research Economic Outlook Report 2024 has projected significant volatility in the exchange rate with a year-end rate of N1,317/$ following uncertainty surrounding liquidity inflow.
26 Feb
Presidential candidate of Labour Party (LP) in the 2023 general elections, Peter Obi, yesterday, advised federal agencies against arresting Bureau de Change operators, noting that they are not responsible for the free fall of the Naira.
26 Feb
In recent years, the naira-dollar market in Nigeria has so far been liberalised twice. The first, in June 2016 and the second, in June 2023. Both moves have significantly contributed to the rapid decline in the value of the naira. If the monetary authority firmly embraces and continues to stick to this option, the strength of the currency will yet again continue to shrink at an accelerating pace.
25 Feb
Rev. Wanson Yusufu, the Executive Secretary of the Plateau Christian Pilgrims Welfare Board (PCPWB), has decried the negative effect of dwindling value of the Naira against the dollar on the Christian pilgrimage.

Latest

8 mins ago
To streamline operations and enforce parity across its workforce, the Board of Eko Electricity Distribution Company (Eko Disco) has affirmed recent management changes and its decision to harmonize salaries and conditions of service for all employees. Dispelling rumors of a reversal in the dissolution of the former management under Dr Tinuade Sanda, Mr. Dere Otubu,…
27 mins ago
The Federal Government said the first phase of the Lagos-Calabar highway will be completed within the next three years. This was disclosed on Thursday in a statement by Ben Bem Goong who is the spokesman to the Minister of Works, Engr. David Umahi. Goong made this announcement following Umahi's inspection of the Lagos-Calabar coaster highway…
1 hour ago
Nigeria has been left in darkness as the national electricity grid controlled from Osogbo, Osun State collapsed at about 4:30pm on Thursday. Most distribution companies across the country disclosed that their feeders were out leaving their franchises area across the 36 states in darkness. While the grid output was 2984 megawatts as at 4pm, the…
1 hour ago
An Ikeja High Court on Thursday issued a bench warrant against the former employee of Punch Nigeria Ltd., Olusegun Ogunbanjo, and others charged with N950 million fraud.
1 hour ago
An Ikeja Sexual Offences and Domestic Violence Court on Thursday discharged and acquitted a 23-year-old student, Victory Tasie, charged with defiling his girlfriend.
2 hours ago
Persons familiar with the antecedents of Senator Uba Sani, the Governor of Kaduna State, readily attest to the fact that he is hardly ever deterred by challenges or adversities, no matter how daunting. Stories abound of his daring exploits as a young civil and human rights activist when successive military juntas held sway in Nigeria.…
2 hours ago
A former National Chairman of the Peoples Democratic Party (PDP), Uche Secondus and members of the Presidential Campaign Council of the party for the 2023 general elections in Rivers State have declared their loyalty to President Bola Ahmed Tinubu and the state governor, Siminalayi Fubara. A former Minister of Transportation and the Director-General, PDP-PCC Rivers…
3 hours ago
The Lagos State Traffic Management Authority, (LASTMA), says the authority will deploy men and materials during the Easter celebration to manage traffic incidences in the state.
3 hours ago
A Federal High Court, Lagos has ordered the Inspector General of Police (IGP) and seven others to maintain status quo, suspend, and hold all actions pending the hearing and determination of the suits filed against them by a property developer, Gbadebo Aina Odunusi.
3 hours ago
Feeling like a Nigerian music genius? Ready to prove your Afrobeats expertise? Mdundo got a game for you! We're launching a weekly Nigerian Music Trivia on our WhatsApp channel, and the top contenders can win awesome prizes.