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The naira weakened by N110 against the US dollar on the official exchange on Tuesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency was trading at N1,656/$1, up from N1,546/$1 traded at the official window the previous day. However, the naira strengthened by N5 against the dollar in the parallel forex market to trade …

The new Management of Salala Rubber Corporation in Weala, Margibi County, discloses the plan to resume operation following closure in June. By Ramsey N. Singbeh, Jr., in Margibi Margibi, Liberia, Sept. 16, 2024: Mr. Jetty (Upjit Singh Sachdeva), owner and operator of Jetty Rubber LLC in Weala, Margibi County, recently acquired the Salala Rubber Corporation or SRC in the same …

The National Association of Aircraft Pilots and Engineers (NAAPE) has postponed a protest planned for Wednesday. Workers on September 12 announced plans for a strike following the Federal Government’s 50% cut in internally generated revenue (IGR) from airlines. NAAPE is the parent body of unions in the aviation sector. The association comprises members of the National Union of Air Transport …

Nigeria has vowed to strengthen cultural ties with other West African countries in pursuit of its policy of promoting cultural diplomacy. The promise was made on Tuesday in Abuja by the Minister of Arts, Culture and Creative Economy, Hannatu Musawa during the event sponsored by the United Nations Educational, Scientific and Cultural Organization (UNESCO) “Sharing experiences and good practices in …

The new-format UEFA Champions League got off to a goal-scorching start on the first day of the league phase, with defending champions Real Madrid beating Stuttgart 3-1. Kylian Mbappe became the opener for the hosts soon after the second half started. Antonio Rüdiger and Endrick scored the other two goals for the Spanish giants while Deniz Undav scored the only …