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Despite Central Bank FX Sales, Exchange Rate Has Fallen to a Low of N1,563.8/$1 in July
On Friday, July 12, 2024, the naira closed at N1,563.80/$1, marking a new low for the month of July as it rebounded from the...
Nigerians Bribed Governmental Officials with Cash Exceeding ₦700 Billion in 2023 – NBS
The National Bureau of Statistics (NBS) reported that in 2023, Nigerians spent over ₦700 billion in cash bribes to public officials.
According to the bureau,...
Senate Reject Bill Aiming to Oversee and Monitor FX Market Activities
As per the News Agency of Nigeria (NAN) reports, the Senate on Thursday rejected a bill that aimed to modify the Foreign Exchange Act...
FEC Authorizes the Purchase of 1200 Trailers, 2000 Tractors, and Other Items to Increase Food Security in Nigeria
In an effort to increase food security in Nigeria, the Federal Executive Council (FEC) has approved the purchase of 1,200 tractor trailers, 4,000 disc...
Naira Plunges Past N2,000 Versus the British Pound
The naira broke past the 2,000 level on Thursday, beginning the session at the lower end of its range versus the British pound sterling....
