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Nigeria’s naira has experienced a dramatic reversal of fortune, plummeting to the rank of worst-performing currency globally in the first half of 2024, according to a Bloomberg report on Friday.Read more This depreciation comes after a brief period of strengthening earlier this year, highlighting the challenges facing the Nigerian economy. Apart from the naira, the Egyptian pound and the Ghanaian …

The Nigerian government has come under fire from civil society organisation BudgIT for its unorthodox approach to budgeting. This was contained in a statement issued on Friday by its communications officer, Nancy Odimegwu. BudgIT strongly condemns the proposal to simultaneously implement four national budgets in the 2024 fiscal year. President Bola Tinubu recently sought National Assembly approval for an extension …

The Naira depreciated in the parallel market to N1,520 per dollar yesterday from N1,510 per dollar on Wednesday. Similarly, the Naira depreciated to N1,510.1 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,510.1 per dollar from N1,507.83 per dollar on Wednesday, indicating a depreciation of …

Uptown Disco by Olamide Ft Fireboy DML & Asake Olamide – Hi Habibi Multi-talented Nigerian superstar, songwriter and singer Olamide has released a new hit masterpiece called “Uptown Disco”, it is available here for your favorite music platform Six9ja. Also, this new great song “Uptown Disco by Olamide Ft Fireboy DML & Asake” It was made with the participation of …

Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN), on Friday cast doubt on the effectiveness of Nigeria’s recent economic reforms, highlighting weaknesses in their implementation. In a statement released Friday via X, Moghalu acknowledged the unsustainability of petrol and foreign exchange subsidies. However, Moghalu acknowledged the need for these reforms but faulted the government’s approach …