The devaluation of the naira persisted at the commencement of business activities on Monday, plunging to N1,210 against the dollar in the parallel market compared to its closing rate of N1,170 the previous week.
Meanwhile, at the Nigerian Autonomous Foreign Exchange Market (NAFEM), commonly referred to as the Importers and Exporters window, the naira experienced a 5.4 percent depreciation last week, settling at NGN808.27 to the dollar.
Traders in the parallel market attribute the ongoing decline in the naira’s value to the scarcity of the US dollar in the market.
Nicki Minaj has once again declared herself the “Queen of Rap.” When asked about her…
Here are 50 heartfelt Happy New Month messages, prayers, and quotes for November 2024 that…
Here are some lovely Happy New Month messages, November prayers, and quotes for that special…
Nigerian singer Kingsley Okonkwo, widely known as Kcee, has shared the story of how he…
Nigerian R&B singer and entrepreneur Bankole Wellington, known as Banky W, and his wife, actress…
The dispute between Dangote Refinery and Nigerian petroleum marketers has escalated following remarks by Alhaji…
