Breaking News
Naira further depreciates, exchanges for N1,600/$ in official market
Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,600 per dollar from N1,569 per dollar on Thursday, indicating N31 depreciation for the naira.
The Naira depreciated to N1,600 per dollar in the Nigerian Foreign Exchange Market (NFEM) today after three months of being on the N1,500 per dollar threshold.
Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,600 per dollar from N1,569 per dollar on Thursday, indicating N31 depreciation for the naira.
Likewise, the naira depreciated to N1,565 per dollar in the parallel market from N1,555 per dollar on Thursday.
Consequently, the margin between the parallel market and NFEM rate widened to N35 per dollar from N14 per dollar on Thursday.
PEOPLE POWER REVOLUTION: Between Omoyele Sowore/Nigeria and Julius Malema/SouthAfrica -By Richard ODUSANYA
Omoyele Sowore represents a different model—what might be called “dissident outsiderism.” A former student leader (President) and a courageous non-conformists....
The Politics of Liberation: Bob Marley in Postcolonial Discourse -By Patrick Iwelunmor
Through the metaphor of Babylon, Marley diagnosed the postcolonial condition with prophetic clarity. Babylon was not just ancient scripture; it...
Sowore’s Reckless Utterances: No One Is Bigger Than the Constitution -By Kelvin Adegbenga
Nigeria is a country governed by law, not by noise-makers or professional agitators. Sowore’s repeated denigration of state institutions and...
Lagos Needs Proven, Transformational Leadership Again: A Case for Governor Akinwunmi Ambode -By Ayodeji Olatubora, Esq
Ambode’s government pushed the next phase of Lagos’s long-term transport reform: expanding Bus Rapid Transit (BRT) capabilities, planning depot rollouts,...
Russia’s Multifaceted Public Diplomacy Catching Up With Africa -By Kestér Kenn Klomegâh
Russia has, historically, supported African countries in their desire to determine their own national policies and gain true independence. And...