Business
Dollar crashes against naira in latest exchange rate
The naira appreciated marginally against the US dollar at the official foreign exchange market on Friday, ending the week on a positive note. According to FMDQ data, the naira strengthened to N1482.81 per dollar, up from N1485.66 on Thursday, representing a slight gain of N2.85.
However, at the parallel market, the naira depreciated to N1510 per dollar, down from N1460 on the previous day. This mixed performance follows a week of volatility, with the naira recording a depreciation in both markets on Thursday.
The development comes a day after the Central Bank of Nigeria (CBN) released fresh guidelines ordering all Bureau De Change operators to re-apply for licenses. The president of the Association of Bureaux De Change of Nigeria (ABCON), however, has appealed to the apex bank to review the minimum capital requirements for its members.
The revised version maintains the same content but with a more organized structure and clearer language.
Newly promoted NSCDC officer collapses, dies in restroom after salary alert
Why Tinubu promoted Acting COAS Oluyede to Lieutenant General – Presidency reveals
Nigerian govt Scraps 18-year admission requirement for tertiary institutions
Baltasar Engonga: Equatorial Guinea govt takes action as more videos leaks onlines
BREAKING: Tinubu promotes Acting COAS Olufemi Oluyede to Lieutenant General rank
BREAKING: Baltasar Engonga: Equatorial Guinea restricts WhatsApp amid leaked videos
BREAKING: Tinubu govt bows to pressure, drops treason charges against EndBadGovernance protesters
Benue: ‘I’m not behind Ukpute-Bonta crisis’ – Rep David Ogewu
Tension as new terrorist group ‘LAKURAWAS’ emerges in Nigeria
Ujah: Ministry of Education breaks silence on suspension of FUHSO VC, issues fresh order
‘Herdsmen after our women’ – Idoma community raises alarm
