The Naira experienced a 4.58% decline in the official financial foreign exchange (FX) market, despite a notable 21.10% surge in dollar liquidity on Wednesday. Post-trading, the exchange rate stood at N904.65 per dollar, indicating a weakening compared to Tuesday’s rate of N865.03 at the Nigerian Autonomous Foreign Exchange Market (NAFEM), as reported by FMDQ data. … Read more
Mr. Babajide Sanwo-Olu, the Governor of Lagos State, unveiled the 2024 budget estimate of N2.2 trillion to the state House of Assembly on Wednesday. Dubbed as the “Budget of Recovery,” the presentation took place at the Chamber of the Lagos State House of Assembly within the Assembly Complex at Alausa, Ikeja. The proposed budget is … Read more
Welcome aboard as we learn about the dynamic world of Houston Maritime Attorneys, the unsung heroes behind the scenes of the city’s maritime activities. In this informative article, we shed light on the crucial role these legal experts play in ensuring the smooth sailing of Houston’s bustling maritime industry. The Maritime Mosaic of Houston Picture … Read more
As of December 13, 2023, the current Black Market exchange rate for 1 US Dollar to Naira stands at 1245 Naira. This signifies that each Dollar exchanged yields 1245 Naira, with the Black Market rate typically surpassing the official rate due to its lack of government regulation. Several factors impact the Dollar to Naira Black … Read more
Google has unveiled the outcomes of its ‘2023 Year In Search,’ disclosing the most sought-after individuals, celebrity deaths, actors, musicians, song lyrics, trending topics, and more that captured the interest of Nigerians throughout the year. Google’s ‘Year in Search’ is an annual examination that not only showcases the top trending lists but also highlights what … Read more
In the realm of FINANCE and INSURANCE, observing the financial landscape is crucial. As of December 12, 2023, the current exchange rate in Abuja Zone 4 market, Nigeria, for USD to Naira indicates a purchase rate of ₦1209 and a sale rate of ₦1198. This marks a slight uptick compared to the previous day’s rate … Read more
The Federal Government has introduced two crucial programs aimed at alleviating the repercussions of the fuel subsidy removal, unveiling the Presidential Conditional Grant Programme and the Presidential Palliative Loan Programme. As disclosed in a statement by Dr. Doris Uzoka-Anite, CFA, the Minister for Industry, Trade, and Investment, the grant initiative will distribute a total grant … Read more
Here I stand beside the ocean. The wind keeps blowing your aura within. I feel so distant yet so close, So close that I can’t let it go. Even when I said goodbye, It was never a goodbye. I’ve cried a thousand tears, With only a memory of you left. On my empty pillow bed, … Read more
The surge in prices comes on the heels of Multichoice’s alarming $72 million losses, as unveiled in its recent third-quarter finance statement. This escalation marks the company’s third consecutive semi-annual loss, signaling a challenging finance landscape. Multichoice previously implemented price hikes in May, witnessing a 16.7% increase in the DStv Premium package. Subsequently, on November … Read more
Nigeria’s 109 senators have allocated their December salaries, amounting to N109 million, to support victims of the military bombing in Tudun Biri, Igabi Local Government Area, Kaduna State. Deputy Senate President Jibrin Barau disclosed this financial commitment while extending condolences to Kaduna State Governor Senator Uba Sani at the Government House. In the aftermath of … Read more
