Thursday, November 21, 2024

Tag: Forex

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Hardship: Two-thirds of Nigerian families go hungry, says govt report

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Nearly two-thirds of Nigerian households are going hungry and...

Africa needs $2.7 trillion by 2030 to combat climate change

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Africa currently requires approximately $2.7 trillion by 2030, an...

U.S. says Google must sell Chrome browser to break search engine monopoly

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The U.S. Department of Justice (DOJ) has demanded Google...

Nigeria ranks 7th globally for international students in U.S.

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Nigerian student enrollment at U.S. colleges and universities rose...

Minister blames naira fall on $6.8bn forex payment backlog

Economy Plu Team Plu Team -
Finance minister Olawale Edun says Nigeria has to clear a $6.8 billion backlog of foreign exchange forward payments before the naira stabilizes. Forward contracts allow...

Naira at record low on black market, inches closer to 1000 to dollar

Economy Olawale Afolabi Olawale Afolabi -
Naira fell to a record low on the black market on Wednesday, edging closer to 1000 to a dollar, as Nigeria’s foreign exchange problems...

Olam confirms paying bond for Nigeria director over forex case

Companies Olawale Afolabi Olawale Afolabi -
Agricultural commodities trader Olam Group has confirmed it paid a bond to secure the release of its director in Nigeria. The company said Olam Nigeria...

PZ Cussons confirms it’s delisting Nigeria unit amid forex woes

Companies Olawale Afolabi Olawale Afolabi -
Consumer goods maker PZ Cussons has confirmed it plans to delist its Nigeria unit from the Nigerian stock exchange after buying out 26.73% stake...

Naira tumbles to N900 after brief recovery

Economy Jane Kalu Jane Kalu -
The naira is on a downward spiral again after government’s intervention handed the currency a breather for about a week. The currency fell to N900...
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Africa needs $2.7 trillion by 2030 to combat climate change

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U.S. says Google must sell Chrome browser to break search engine monopoly

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Nigeria ranks 7th globally for international students in U.S.

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Nigerian student enrollment at U.S. colleges and universities rose...

Russian fertilizer giant sees 41% rise in exports to Africa

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Russian fertilizer producer PhosAgro has reported a 41% increase...
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