Yesterday saw the naira appreciate to N1,620 per dollar within the parallel market, a rise from N1,625 per dollar recorded on Monday. In contrast, the naira depreciated in the Nigerian Foreign Exchange Market (NFEM), settling at N1,598.69 per dollar, down from N1,597 per dollar the day before, marking a N1.69 depreciation.
This shift has led to a reduction in the disparity between the parallel market and NFEM rates, which has contracted from N28 per dollar on Monday to N21.31 per dollar.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says 22 major offshore projects are expected in Nigeria between 2026 and 2030,...
Bayo Onanuga, special adviser to the president on information and strategy, says the strong financial performance posted by many companies...
Central Bank Governor Olayemi Cardoso, represented by acting director of corporate communications Hakama Sidi-Ali, disclosed this on Tuesday at the...
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