Friday, June 21, 2024
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Economy

ISSAN Seeks Closer Collaboration with EFCC on Cyber Security

The Information Security Society of Africa – Nigeria, ISSAN), has called for stronger and closer collaboration with the Economic and Financial Crimes Commission, EFCC in safeguarding the cyber space for more effective fight against internet fraud and other...

To Stabilize Naira, Analysts Urge Govt. To Secure Long Term Foreign Loans

Experts have called on the federal government to secure long term foreign loans to clear foreign exchange forwards, foreign portfolio investors and airlines trapped fund . It could be recalled that the Association of Bureau De Change Operators of Nigeria...

To Strengthen Naira, Experts Demand Increase In Crude Production

To increase the value of naira, financial experts have called for increase in the production of crude oil in the country. Speaking to our Correspondents, the founder of Cowry Asset Management Limited, Johnson Chukwu, said though, Dangote Refinery will reduce...

Naira Steadies At Parallel Market As Official Window Records $135.58 Daily Turnover

The pressure on the foreign exchange (FX) market eased, on Thursday, as naira steadied against the United States dollar in the parallel market. According to Aboki FX, the naira sells for N1,170/$1 on Monday and Tuesday, Wednesday and on Thursday...

Naira Rebound, Sells At N806.73/$1

By Arthur Aghogho Eriye For the second time this week, the naira appreciated significantly against the United States dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official exchange rate window. The naira recovered from N837.77/$1, on Monday, to...

De-dollarisation: As Naira Trades Flat, Analyst Urges Ban On Dollar Transactions In Nigeria

In other to de-dollarise the nation's economy amid flutuation in the value of the naira against the United States dollar, an investment analyst, Adejumo Isaac, has called for ban on all foreign currency transaction in cash in the country. In...

Naira Steadies in Parallel Market Amid CBN Governor’s Planned Reform

The pressure on the foreign exchange (FX) market eased, on Tuesday, as naira steadied against the United States dollar in the parallel market. According to Aboki FX, the naira sells for N1,160 on Monday and Tuesday respectively. Also, the volume of...

Daily Forex Turnover Rises By 32 Percent, Hits $100.06m

Despite volatility in the Nigeria’s foreign exchange market, Nigeria recorded a daily foreign exchange turnover of $100.06million in the Nigerian Foreign Exchange Market (NAFEM). The daily forex turnover rose by 32 percent from $75.82million, on Friday, November, 24, 2023 to...

Dollar Tumbles Against Naira At Parallel Market

The naira sustained its appreciation against the United States dollar at the parallel market as it appreciated on Friday, from N1,160 to N1,155. This represents 0.43 percent (N5) gain than N1,160 exchanged on Thursday at the parallel market. It could be...

Naira: Why FG Must Ban All Goods With Local Substitute -NASS

Amid frequent fall in naira, the house of representatives committee on finance, loans, and debt management, has recommended that all locally produced goods be banned from importation. The house gave the recommendation while considering a report on the 2024-2026...
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Stanbic IBTC Insurance launches Education Endowment plan to secure children’s academic future

Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, has launched its highly anticipated Education Endowment Plan, an offering...
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