This comes after the CBN moves to clear some of it’s FX backlog. The Nigerian Naira appreciates against the United States American dollar, closing at 791.75/$ today at the official market. According to reports, the naira rose 5.87 per cent (N49.39) in today’s market, which is a significant change compared to the previous day’s rate…
The FG has also stated that additional palliative would be disbursed to states that share border with Niger Republic to cope with the influx of refugees from the neighboring country. The Federal Government of Nigeria has announced that each state and the Federal Capital Territory (FCT) will receive N5 billion palliative to help them cushion…
The estranged governor believes he his being held against his fundamental rights. Suspended governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has resorted to legal measures to challenge his detention by the Department of State Services (DSS). In a plea submitted on Tuesday to the Federal Capital Territory High Court, Emefiele seeks the…
The apex bank also warned media practitioners to verify their facts before publishing in order not to misinform the public. The Central Bank of Nigeria (CBN) has debunked reports that the bank has devalued the naira to N630/$1, while it urged the public to debunk any contrary report. A statement titled “CBN has not devalued…
It is more crucial than ever to understand personal finance in the fast-paced, uncertain world of today. Having financial independence allows people to live their lives on their terms, pursue their aspirations, and protect their future. But the trip isn’t always simple. It calls for commitment, expertise, and the use of wise financial tactics. We’ll…
