Recent Posts

Naira loses N2, trades N1,485/$1 in official window

The naira dipped slightly against the United States dollar on Thursday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the domestic currency traded at N1,485.36/$1 on Thursday. This is N2 higher than the N1, 483.02/$1 traded on Wednesday. The intra-day high and low recorded during the day were N1,495/$1 and N1,434/$1 respectively, representing a very thin spread …

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Nigeria’s debt to reach N121tr by Q1 2024 – DMO

Nigeria’s total public debt has increased by N24 trillion in the first three months of this year to reach N121.67 trillion. The Debt Management Office (DMO) revealed this in new data released on Thursday. This figure is up 24.99 percent from N97.34 trillion in December 2023. Nigeria’s public debt profile consists of the domestic and external debt stocks of federal …

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Obasanjo mourns Ogunleye, traditional ruler of Ogun

A former President, Chief Olusegun Obasanjo, has described the death of Oba Olufemi Ogunleye Towulade I, as a great loss to Owu Kingdom and Ogun, in general.   Oba Olufemi Ogunleye Towulade I, Ogunleye, the traditional ruler of Akinale town in Owu Kingdom of Ogun, died on Wednesday 19 June in the United Kingdom after a short illness at the …

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