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June 7, 2023
ABUJA - Nigeria's central bank allowed the naira to drop about 2% on the official market to a record low on Wednesday, but the currency's rate remained above where it trades at central bank auctions and on the black market. Nigeria is trying to find a way to unify its multiple exchange rate system, used |
June 7, 2023
Nigeria’s dollar earnings and reserves are dwindling and the government uses multiple exchange rates to manage supply and demand for foreign currency. Meanwhile local industries and importers faces scarcity of greenback, the central bank of Africa’s biggest economy sold dollars at 645 naira apiece, adding to speculation that a devaluation may be in the cards |
May 27, 2023
Kudla's Ms Yashasvini Devadiga Bags ‘Miss Teen India 2023 Super Globe’ 1st Runner-Up Title Mangaluru: Young promising model Kudla's Ms Yashasvini Devadiga
May 25, 2023
Honda racing has helped expand the love to the Asian continent, and Indian riders are gaining much popularity. India has been blessed with young and prolific racing riders in the past few years and won outstanding awards. As the top riders are g
May 24, 2023
Nigeria's annual economic growth rate slowed to 2.3% in the first quarter, data showed on Wednesday, hurt by a government plan to swap old banknotes for newly designed ones that disrupted trade and payments. The gross domestic product (GDP) data came hours before a central bank interest rate announcement and next week's swearing-in of President-elect |
May 23, 2023
The Depot Art Gallery, operated by the Littleton Fine Art Guild, celebrates its 61st Anniversary with an exhibit that will run until July 3 at 2069 West Powers Ave. in downtown Littleton. Juror for …
May 20, 2023
Lagos, May 19, 2023 Divine Filmmakers, under the name Christian Movie Industry, on Friday unveiled a new group, known as “The Crosswood”. The visioner of Crosswood, Abraham Oluwanimilo, during the programme said the coming together of the Christian movie industry was necessary to boost professionalism. According to Oluwanimilo, the industry needs collaboration to meet international |
May 16, 2023
Nigeria’s inflation rate rose for a fourth-straight month in April, increasing the odds of a rate hike next week. Consumer prices rose an annual 22.2%, compared with 22% the previous month, data published on the National Bureau of Statistics’ website on Monday showed. That’s the highest level since September 2005. The median estimate of eight |
May 11, 2023
Lagos, May 10, 2023 The Central Bank of Nigeria (CBN) says the Bank Verification Number (BVN) issued in Nigeria remains for life and has no expiry date, as reported by a national newspaper. Its Acting-Director, Corporate Communications, Alhaji Isa Abdulmumin, said this in a statement on Wednesday. Abdulmumin said that the claim was completely false |
May 5, 2023
Lagos, May 2, 2023 Centre for the Promotion of Private Enterprises (CPPE) says some tax and import duty provisions in the 2023 Fiscal Policy Measures of the Federal Government may adversely affect the economy. Specifically, Dr Muda Yusuf, Founder, CPPE, in a statement of Tuesday, said those provisions could worsen the de-industrialisation worries in the |