The U.S. dollar crashed to between N805 to N790 at the parallel exchange market on Tuesday, August This is coming after the meeting President Tinubu had with the acting governor of the Central Bank of Nigeria, CBN, Folashodun Shonubi, on Monday, August 14, Daily Trust reports that it …
Read More »Naira drops against Dollar, exchanges at N803.90 at official window
The Naira on Friday depreciated against the dollar, exchanging at N803.90 at the investors and exporters window. According to Financial statistics, the Naira decreased by 7.72 per cent when compared with N746.28 for which it exchanged for the dollar on Thursday, July 13. The open indicative rate closed …
Read More »Former Kano Governor, Ganduje?s dollar bribery video is real and not doctored ? Forensic Analysis
The Kano State Public Complaints and Anti-Corruption Commission (PCACC) has said that a forensic analysis carried out has confirmed that the 2017 viral video that captured a former Governor of the state, Abdullahi Umar Ganduje, allegedly receiving bundles of dollar notes from a contractor and stuffing the money inside his …
Read More »Ganduje is not worried about Dollar video investigation ? Former Commissioner
Former Governor of Kano Abdullahi Umar Ganduje administration is reportedly not worried with the decision of the current state government to reopen the investigation of the dollar video that purportedly depicts him receiving bribes. Reacting to Chairman of the Kano State Public Complaint and Anti Corruption Commission, Barrister Muhuyi …
Read More »Naira and dollar exchange rate reportedly sells for an intra-day high of N815/$1
The exchange rate between the naira and dollar sold for an intra-day high of N815/$1 at the official Investor & Exporter Window on Wednesday, June 21, 2023. The N815/$1 rate is the highest rate traded for the dollar on the official market since records tracking started in 2018. The …
Read More »Naira falls to N770 to a dollar
The Naira on Monday, June 19, closed at N770 per dollar at the investors and exporters (I&E) window. FMDQ Securities Exchange Limited said Monday’s closing rate represents a 16.1 percent depreciation from the N663 recorded on the last trading day (Friday). Though the Naira is yet to gain …
Read More »Billion dollar ‘twist’ behind Champions League final
Manchester City will enter the Champions League final on Sunday (5am kickoff AEST) as a modern football and financial heavyweight compared to Inter Milan. That is a new twist in the European history of two clubs who have rarely operated at the same level and whose respective status, on and …
Read More »The End of Dollar Supremacy
The US dollar’s supremacy in the international financial system has long been beyond question. But countries like Brazil are attempting to break away. Opinion by Monica Hirst, Juan Gabriel Tokatlian (rio de janeiro, brazil / buenos aires, argentina) Wednesday, May 17, 2023 Inter Press Service RIO DE JANEIRO, Brazil / BUENOS …
Read More »CBN authorises foreign banks to give loans in dollar
The Central Bank of Nigeria on Monday, May 8, authorized foreign banks in the country to work with their parent companies in availing and syndicating foreign currency-denominated loans (dollar loans) to Nigerian companies. The apex bank said the policy aligns with its mandate to promote financial system stability. In the …
Read More »Philadelphia Fans Bought – and Threw – Thousands of One Dollar Hot Dogs During Loss to Marlins
The Philadelphia Phillies hosted the Miami Marlins on Tuesday with the visiting team winning 8-4 on dollar hot dog night. That’s right. For just one dollar, you could own your very own hot dog. It is a promotion that people aboslutely love because, I mean, in this economy? Are you …
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