Ayobamiji Komolafe
Here is New Telegraph’s weekly business news roundup of the top 15 latest Nigerian news making headlines from Monday, October 14 to Saturday, October 19, 2024. PIT: FG To Increase High Earners’ Income Tax To…
Ayobamiji Komolafe
On Monday, the Nigerian Naira saw a notable appreciation in both the parallel and official exchange markets. In the parallel market, the Naira strengthened to N1,680 per dollar, compared to the N1,690 rate recorded over…
Bolaji Jimoh
Nigerian Naira is currently trading at over 2,000 Naira against the British pound in the parallel market, New Telegraph reports. Malam Ibrahim, a Bureau De Change (BDC) operator in Wuse Zone 4, confirmed the price…
Boma Achenimie
The upper chamber of the National Assembly, on Wednesday, summoned the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, to appear before it on Tuesday to explain the state of the national economy…
Goli Innocent
Despite all efforts by the Central Bank of Nigeria (CBN) to strengthen the Naira against the Dollar, Nigeria’s Naira continues to face a relentless decline, prompting financial experts to emphasise the need for accelerated productivity…
Goli Innocent
There was a noticeable drop in the United States (US) dollar against the Nigerian naira in both the parallel and Forex markets on Tuesday, November 7. The naira dropped from its previous day rate of…
Goli Innocent
As part of its attempts to absorb surplus liquidity, control inflation, and stop the naira’s decline, the Nigerian government increased the interest rate on local currency securities. This was contained in a statement posted on…
Goli Innocent
The Nigerian Naira has lost 40% of its value since its devaluation in mid-June 2023, making it one of the worst-performing currencies in Africa, according to the World Bank. This was contained in a statement…
Mariam Adebukola
Nigerians have taken to their social media pages to react as the Naira crashed to N1k per dollar in the Parallel Market, also known as the Black Market on Tuesday. On Tuesday morning, Abokifx, a…
Goli Innocent
Nigerian Naira slips to a record low on the parallel market as shrinking dollar supply from the Central Bank of Nigeria (CBN) forces buyers to the street for hard currency. The naira was changing hands…
