Page 5 - Pascal Oparada News Today

The Nigerian currency, the naira, crashed slightly against the US dollar, recording an intraday high of N1,392 per dollar, closing at N1,309.35 per dollar.

The Nigerian National Petroleum Company Limited (NNPCL) has debunked the reports of petrol price crashes across its retail outlets nationwide. It said they're untrue

The Central Bank of Nigeria (CBN) has disclosed that Nigerians keep over N3 trillion in homes as currency in circulation has hit the highest since February.

MTN has said it is planning to exit three African countries - Guinea-Bissau, Liberia and Guinea-Conakry due to high inflation and FX losses due to currency crash.

Nigeria's total debt stock hit a massive $108 billion as of December 2023. The data from the Debt Management Office also revealed thedomestic debts by states.

The Association of Bureau de Change Operators (ABCON) has stated that CBN's recent issuance of FGN bonds and OMO actions are responsible for the naira's improvement.

The official and black markets finally narrowed against the dollar as the naira continued to recover in both markets, signalling a good outlook for the economy.

The Debt Management Office has revealed that Nigeria's public debt has reached N97.34 billion as the country borrows to fund 2024 budget deficit.

A Nigerian payment company, Interswitch, has acquired telecommunications license from the Nigeria Communications Commission to begin telecom services.

The Nigerian government is asking Binance to provide the transaction details of the top 100 users on the cryptocurrency platform in the last six months.