Oil prices fell by a few cents today as the market anticipates US-China trade talks in London later in the day. Brent crude futures slipped 11 cents to $64.61 a barrel by 7:28 WAT. U.S. West Texas Intermediate crude fell 4 cents to $64.54, reports AFP. The minor slip was after Brent gained 4%, and […]
•A demonstrator tears a poster of run-away President Bashar al-Assad during a protest yesterday Syrians flocked to the main square of the capital city Damascus today to mark what many regard as a long-awaited new dawn after the fall of President Bashar al-Assad. Assad fled to Russia yesterday after a lightning offensive spearheaded by Islamis...
•Naira and Dollar The naira is forecasted to depreciate to N1,993 against the United States dollar by 2028, posing a significant challenge to Nigeria’s pharmaceutical industry, particularly in importing essential medical devices, a new report by BMI, a Fitch Solutions subsidiary, has revealed. In the report titled, “Weak Naira and Structural C...
•Atiku Former vice president and presidential candidate of the Peoples Democratic Party, PDP, in the 2023 general elections, Atiku Abubakar, has commended the process that led to the outcome of US Presidential election. The Republican candidate, Donald Trump defeated the Democrat candidate, a sitting Vice President Kamala Harris, to be re-elec...
The National Security Adviser, Nuhu Ribadu, has directed operatives of the Nigeria Police Force, the Economic and Financial Crimes Commission, the Nigeria Customs Service and the Nigeria Financial Intelligence Unit, to clamp down on forex market speculators. This, he said, is part of efforts to safeguard Nigeria’s foreign exchange market and c...
•Yemi Cardoso The Senate today Wednesday, January 31, summoned the Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, to appear before it on Tuesday next week over the state of the economy and free fall of the Naira. The Chairman of the Senate Committee on Banking, Insurance, and Other Financial Institutions, Senator […...
In Nigeria, falling sick can be challenging in normal times but seeking treatment is currently a double blow as the financial implication has become increasingly unbearable for many Nigerians. The cost of basic drugs, such as antibiotics, analgesics, anti-diabetics, and key medications for chronic conditions, has doubled, tripled, or even quad...
The naira is currently trading above N1,300/$ on the Peer-to-Peer cryptocurrency window today. This is as many traders on the parallel market confirmed that the national currency is trading close to N1,300 in that segment of the market, reports The PUNCH. On the Binance platform, the naira is currently quoted above N1,300/$. Some Bureau de [&h...
The naira crashed against the dollar yesterday, falling to 1, 030/$ on the average in the parallel market, losing the momentum it gathered last week. This represents a N80 loss or a 8.42 per cent decline of the local currency compared to the N950 it closed the week at last Friday, reports The PUNCH. This […]

