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CBN Records Dollar Upsurge As Remittances Quadruple

THE Central Bank of Nigeria (CBN) has reported a significant increase in foreign exchange inflow into the economy in February 2024. There is marked increment in remittance payments by Diasporic Nigerians. This is in addition  to  purchases of naira assets by foreign portfolio investors. Speaking with newsmen in Abuja,  the …

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Tinubu Appoints Ganduje’s Son Into Rural Electrification Agency Board

Engr. Umar Abdullahi Umar, Executive Director, Technical Services of the Rural Electrification Agency (REA), is the son of ex-Governor Abdullahi Umar Ganduje, National Chairman of the All Progressives Congress (APC). President Bola Tinubu appointed Umar into the new REA management team following the indefinite suspension slammed on the agency’s team …

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Tinubu Resconstitutes NELMCO Board, Appoints Adelabu As Chairman

Minister of Power, Adebayo Adelabu PRESIDENT Bola Tinubu has approved the reconstitution of the Board of the Nigeria Electricity Liability Management Company (NELMCO) with a modification which empowers the Office of the Minister of Power to take over the Board Chairmanship from the Office of the Minister of Finance. This …

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Canadian Dollar To Naira Black Market Today

Amidst fluctuating economic conditions, the Nigerian parallel currency market, widely referred to as the black market, has seen the Canadian Dollar to Naira exchange rate reach N1,159.044. This rate, determined by informal currency traders known locally as ‘Abokis,’ underscores the ongoing challenges faced by Nigerians needing foreign currency amidst stringent official banking …

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Euro To Naira Black Market Today

THE Euro to Naira rate, in the Nigerian foreign exchange market, has reached a new high in the parallel market, standing at N1,751.351 for a single Euro. This rate is particularly significant for Nigerians with business, educational, or tourism interests in Europe and for technology sector professionals who earn their income in …

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