Breaking News
Naira loses, now sells for N1,270 in parallel market
As a result, the gap between the parallel market rate and NAFEM shrank to N8.58 per dollar, down from N19.39 per dollar on Thursday last week.
The naira rose to N1,270 per dollar in the parallel market Tuesday, up from N1,290 per dollar last Thursday.
Similarly, the naira rose in the NAFEM to N1,278.58 per dollar.
According to FMDQ data, the indicative exchange rate for NAFEM declined to N1,278.58 per dollar from N1,309.39 per dollar last week Thursday, indicating a naira appreciation of N30.81.
As a result, the gap between the parallel market rate and NAFEM shrank to N8.58 per dollar, down from N19.39 per dollar on Thursday last week.
Is Cameroun’s Other Name “Paul Biya And Sons Limited?” -By Isaac Asabor
Cameroon is not alone in this disgrace. Across Africa, particularly in West and Central Africa, leaders have turned nations into...
Fubara’s Journey Of Submission To Powers Bigger Than Him -By Isaac Asabor
Gone was the fiery rhetoric. In its place was a tone of accommodation, a recognition that survival in Nigeria’s political...
Russia prepares to Continue Adhering to the New START Treaty for One Year after February 2026 -By Kestér Kenn Klomegâh
The last significant political and diplomatic achievement in the area of strategic stability was the conclusion of the Russian-American Strategic...
Fantastically Corrupt Public Office Holders: Nigeria’s Enduring Crisis -By Richard ODUSANYA
Omoyele Sowore and other activists are right to keep corruption in the spotlight. But the fight can not be left...
Overcoming Barriers to Youth Participation in Good Governance in Nigeria -By Abigail Wapakta
For Nigeria to achieve true development and sustainable governance, it must break down the structural and societal barriers preventing youth...