For MD/CEO, Abx World Limited, Captain John Okakpu, the African Free Trade Area (AfCFTA) has the potential to lift millions of people out of poverty and end food insecurity on the Continent, including Nigeria.
According to him, in spite of the enormous advantages African countries can leverage, Nigeria has not...
Nigerians may soon start to pay more for the purchase of petrol. This is according to marketers of the commodity.
In the latest development on the possible increment of petrol, oil marketers under the aegis of Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Products Retail Outlets Owners Association of...
Dangote Group has advised African leaders to unanimously adopt the fixing of their infrastructure deficit, saying with this, intra-trade amongst them would be more efficient.
Speaking on the sidelines of the ongoing Intra-African Trade Fair (IATF), Rabiu Umar, the Commercial Operations Officer, Dangote Group, said aside from the fixing of...
Nigeria is no longer Africa's largest oil producer. This is according to the Organization of the Petroleum Exporting Countries (OPEC), who disclosed this development in a report.
In the report, the intergovernmental organisation established for oil-related purposes, revealed that Nigeria's oil production output dropped further last month (October 2021). Hence,...
Dollar to naira, on Monday, November 8, 2021, opened at N414.01 at the Investors & Exporters FX window ( I&E FX Window), where the currencies officially trade.
According to the data at the FMDQ Security Exchange where forex is traded officially, dollar to naira exchange rate stood at N414.01/$1 today.
This means that the Nigerian currency gained...
N-power is an empowerment scheme that President Muhammadu Buhari floated to cushion the effect of the unemployment rate on members of the public.
To the delight of the beneficiaries, under the N-power scheme, the federal government has floated another N-knowledge.
According to Hajiya Sadiya Umar Farouq, the Minister of Humanitarian Affairs,...
Dollar to naira, on Tuesday, November 2, 2021, opened at N414.26 at the Investors & Exporters FX window ( I&E FX Window), where the currencies officially trade.
According to the data at the FMDQ Security Exchange where forex is traded officially, dollar to naira exchange rate at N414.26/$1 on Tuesday, and closed at N415.02 on the same day.
This...
Dollar to naira, on Monday, November 1, 2021, opened at N414.12 at the Investors & Exporters FX window ( I&E FX Window), where the currencies officially trade.
According to the data at the FMDQ Security Exchange where forex is traded officially, dollar to naira exchange rate at N414.12/$1 on Monday, and closed at ₦415.10 on the same day.
This...
Dollar to naira, on Friday, October 29, 2021, opened at N414.49 at the Investors & Exporters FX window ( I&E FX Window), where the currencies officially trade.
This development represents a fact that naira gained as against the dollar, as it closed at N415.10, a 09% drop, on Thursday, October 28.
According to...
Dollar to naira lingering issue has attracted the attention of the World Bank, such that it counselled the Central Bank of Nigeria (CBN) on how to stabilise the foreign exchange (forex) market.
In an interview with Punch, Shubham Chaudhuri, the Country Director for Nigeria, World Bank, said even though the...