Tag: Dollars
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Oil rises by 67 percent as dollar depreciates slightly
Following the significant drop in the dollar on Thursday in the global market, Oil prices rose by 67 percent. Brent crude rose to 67 cents, or 0.8per cent, to $84.12 a barrel, while U.S. West Texas Intermediate crude (WTI) was up $1.01, or 1.3per cent, at $80.93 a barrel. Recall that Prices of oil depreciated more…
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Naira appreciates to N663/$ at official market
Following the Central Bank of Nigeria’s floating of the national currency against the dollar and other global currencies, the naira appreciated at at 663.04/dollar at the close of business on Friday.
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Naira appreciates slightly after Tinubu’s inauguration
The Nigerian currency, naira appreciated slightly yesterday upon the assumption of Nigeria’s newly sworn-in president Bola Tinubu. The black market opened on Monday at N763 against the US dollar but dropped by N9 at the close of trade. Prices at Zone 4, a popular Bureau de Change hub in Abuja closed between N755 and N754…
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Forex: Naira bounces back against the dollar, gains 20.8%
The Nigerian currency naira made a massive rebound against the dollar at the parallel market. Record show that a massive 20.8% was recorded against the dollar on Thursday. It now exchange for 720/1 as against 910/1 that it rose to few days ago. Recall that Naira came under severe pressure as soon as the federal…
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Aviation minister frowns at airlines selling tickets in dollars
The Minister of Aviation, Sen. Hadi Sirika, has frowned at foreign airlines selling tickets in dollars, warning that government would not take it kindly with those caught engaging in such violation of Nigerian laws. Sirika gave the warning while fielding questions from State House correspondents at the end of the virtual meeting of the Federal…
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Dollar Jumps to 600naira at Parallel market, external reserves falling
The naira exchanged at 600 to a dollar on Monday at the parallel market, increasing fears of further degradation of the country’s currency. The rate at the Importers and Exporters Window was, however, N415.75 on Monday, widening the exchange rate spread to N184.25.
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Abuja banks comply with CBN forex directive, sell dollar at N412
In compliance with the new Foreign Exchange (FX) regulation by the Central Bank of Nigeria (CBN), commercial banks in Abuja have set up dedicated teller points for FX transactions in their branches. Recall that the CBN had last week stopped sales of FX through Bureau de Change Operators and announced that foreign exchange would now…
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![[TNG NASS Snippets] How Senators, Reps allegedly collected dollars to pass controversial PIB](https://thenewsguru.ng/wp-content/uploads/2021/07/Gbajabiamila-and-Lawan.jpg)
[TNG NASS Snippets] How Senators, Reps allegedly collected dollars to pass controversial PIB
This week’s TheNewsGuru.com (TNG) weekly snippets highlight the following stories: *How Senators Reps allegedly allegedly collected dollars to pass controversial PIB *Uproar as group alleges Senate cleared FCC Chairman with doubtful credentials *Reps move to ensure no Nigerian president, gov, lawmakers defect without losing seat *Loading: Onochie may be endorsed as INEC commissioner this week…
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Trending video: Sunday Igboho lambasts Ooni of Ife, labels Makinde, Tinubu Fulani slaves
Oduduwa right activist, Chief Sunday Adeyemo, popularly called Sunday Igboho, on Tuesday lambasted and labelled the Ooni of Ife Enitan Ogunwusi; APC national leader, Bola Tinubu and the Oluwo of Iwo, Abdulrasheed Akanbi as Fulani slaves. Igboho also alleged that the Ooni has refused to support the ongoing struggle to liberate the Yoruba from Fulanis…
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Re:$26bn Diaspora Remittances: Where Are The Dollars?, By Henry Boyo
(A REJOINDER BY ETUBOM ANTHONY A. ANI – FORMER MINISTER OF FINANCE – 1993-1998) “The above question was posed in an article in The Punch Newspaper edition of September 9, 2019, by Columnist, Henry Boyo. I have been a daily reader of Punch for the past 10 years and I have not yet, read any…