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...
Stakeholders in Nigeria’s aviation sector are expressing fears, as mass sacking is imminent due to the novel coronavirus also known as COVID-19.
Amongst the many sectors affected in this torrid period is the aviation industry. This is because of the lingering lockdown triggered by the infectious disease.
While other sectors have...
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...
Dollar to naira has significantly increased, such that it has made the Nigerian local currency suffer a steady under President Muhammadu Buhari's watch.
Unmask NG understands that within a period of six years that Buhari rode into power on the promise of making naira stronger as against the dollar, the...
The Federal Inland Revenue Service (FIRS) has warned Muhammadu Buhari against plunging Nigeria into a debt crisis.
Recall that some months ago, the Debt Management Office (DMO) released the country’s debt report.
In the report as reported on Unmask NG, Nigeria’s total debt stock, which comprises foreign and local arrears,...
Should a statement by Andrew Nevin, a partner and chief economist for Nigeria at PricewaterhouseCoopers LLP, hold water, then there are more worries for Nigeria aside from the novel coronavirus ravaging the economy.
Nevin had stated; “There is a possibility that at least for three to five years, there’s going...
Access Bank and five others have been enlisted for the Special Public Works (SPW) programme, which will commence on Tuesday, January 5, 2020.
The other financial institutions are -Zenith, Fidelity, FCMB, UBA, and Heritage banks.
While disclosing this during a recently-held interview, Festus Keyamo, the Minister of State for Labour and Employment,...
Banks and other financial institutions in the country, have been able to recover N50.32 million from debtors, within a period of nine days.
Following the implementation of Global Standing Instruction (GSI), which enables banks to go after debtors' accounts in other banks to retrieve their loan, the non-performing loans have...
Despite Nigeria’s N31 trillion debt, Zainab Ahmed, the Minister of Finance, Budget, and National Planning has disclosed the Federal Government's (FG) plan to secure an additional N6 trillion loan by December 2021.
The minister recounted that the total public debt stock of the country, which comprises foreign and local debts...
Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) might have indicted President Muhammadu Buhari when he stated that medical tourism put a huge strain on the country's foreign reserves.
Speaking at the launch of Duchess International Hospital, a newly built 100-suit health facility located in Ikeja, Lagos,...