Nigeria News
Naira falls against dollar in new exchange rate, loses N73
The Naira has resumed its downward trend against the dollar in the foreign exchange market.
According to FMDQ data, the Naira fell to N1533.99 per dollar on Thursday, compared to N1459.02 on Wednesday, marking a significant drop of N73.98 in a single day.
Likewise, in the parallel market, the Naira depreciated to N1555 per dollar from N1515 on Wednesday.
In response to the country’s forex challenges, the Central Bank of Nigeria has taken steps to address the issue by granting Approval-in-Principle (AIP) to 14 new International Money Transfer Operators (IMTOs). This move aims to boost foreign currency remittance inflows through formal channels.
news2 hours ago
Guinea’s Junta leader, Mamady Doumbouya elevates himself to Army General
Nigeria News2 hours ago
Full list of what Tinubu achieved in October
Nigeria News10 hours ago
Food insecurity crisis: UN predicts 7 million more hungry Nigerians by August 2025
Nigeria News10 hours ago
Latest update on fuel price hike, fuel scarcity for November 2nd, 2024
Nigeria News11 hours ago
Electricity restored in Yobe, Borno States as TCN completes transmission line repairs
Business11 hours ago
Naira appreciates by 0.52% against Dollar, closing at N1,666.72
Nigeria News11 hours ago
Tinubu, Jonathan, Peter Obi, others mourn Chief Iwuanyanwu at funeral service
Entertainment11 hours ago
I believe in family, not divorce – May Edochie addresses critics
Entertainment11 hours ago
EFCC gives fresh details on Bobrisky’s alleged ₦15m bribery bribe
Business11 hours ago
Black Market Dollar to Naira Exchange Rate Today 2nd November 2024
Nigeria News11 hours ago
Top Nigerian Newspaper Headlines For Today, Saturday, 2nd November, 2024
news1 day ago