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CBN allows naira to weaken 2% to record low - Vimarsana News

CBN allows naira to weaken 2% to record low

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 |

Nigeria's dollar earnings, reserves dwindles as imports surge - Vimarsana News

Nigeria's dollar earnings, reserves dwindles as imports surge

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 |

Kudla's Ms Yashasvini Devadiga Bags 'Miss Teen India 2023 Super Globe' 1st Runner-Up Title - Vimarsana News

Kudla's Ms Yashasvini Devadiga Bags 'Miss Teen India 2023 Super Globe' 1st Runner-Up Title

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

12 Young Indian Honda Racing Riders in 2023 - Vimarsana News

12 Young Indian Honda Racing Riders in 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

Nigeria economic growth slows ahead of interest rate announcement - Vimarsana News

Nigeria economic growth slows ahead of interest rate announcement

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 |