The effect of global warming on Nigeria’s climate has led to increasing incidences of flooding, droughts, and other climate disasters as per some experts. With its rapidly growing population and an economy heavily dependent on oil, Nigeria is Africa's second-largest carbon emitter. Thankfully, as part of the Paris Climate Agreement, the...
Dollar to naira, on Wednesday, November 10, 2021, opened at N413.89 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 N413.89/$1 today.
This means that the Nigerian currency gained...
The World Bank has projected that Nigeria's inflation would increase in 2022, such that it may become the highest in the world.
Should inflation increase as projected by World Bank, Nigerians would pay more for foods and other commodities this year.
With increasing food prices and that of other commodities diminishing...
Remi Babalola, a formal chairman of FBN Holdings, has stated that corruption was why he resigned from his position in the company.
In his resignation letter to FBN Holdings, Babalola noted that he could no longer persevere the corruption in the company.
His resignation letter read: “I accepted the appointment as...
Lagos, Nigeria’s commercial hub has over the years been exposed to environmental hardship as a result of frequent flooding during rainy seasons. Almost every time it rains in the state, residents and other occupants are compelled to face the horrendous effect of floods which often--paralyses economic activities, and at...
The National President of Nigeria Society of Chemical Engineers (NSCh), Engr. Saidu A. Muhammed has revealed that Dangote Oil Refining Company will be the highest employer of chemical engineers in the country when the refinery comes on stream.
Muhammed disclosed this during the NSCh’s visit/tour of the Dangote Refinery and...
Popular singer David Adeleke otherwise known as Davido, has revealed that while he was in secondary school, his French teacher once told him that he would never make it in life.
In the course of a chat on Tea With Tay, Davido said the teacher made the statement because he...
Ecobank Nigeria Limited has warned Flour Mills of Nigeria Plc, against the proposed acquisition of equity stake in Honeywell Flour Mills Plc.
According to the financial institution, purchasing an equity stake in Honeywell Flour Mills Plc is too risky considering the fact that Honeywell Group Limited, the parent firm, had...
The Central Bank of Nigeria (CBN) has expressed serious opposition to a lawsuit before a Federal High Court in Lagos seeking the removal of Arabic inscriptions on naira notes.
It all began when Malcolm Omirhobo, a Lagos-based lawyer, opined that the Arabic words portrayed Nigeria as an Islamic country, which...
Last night (Monday, November 1, 2021), the news of socialite Obi Cubana's arrest quickly spread like wildfire, such that Unmask NG published it among other mainstream news platforms.
About 24 hours after Obi Cubana, whose real name is Obinna Iyiegbu, was taken into custody by the Economic and Financial Crimes...