[ad_1] The Naira on Friday, February 2, exchanged at N1,440 to a dollar, from N1,450 per dollar on Thursday, February 1. The Naira also appreciated to N1,435.53 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,435.53 per dollar from N1,461.9 … Read more
[ad_1] Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos, on Thursday, February 1, 2024, convicted and sentenced one Oluwadarasimi Omoseyin, an actress, to six months imprisonment for spraying and stepping on the new Naira notes at a social event in Lagos. She was first arraigned on February 13, 2023, by … Read more
[ad_1] Governor of the Central Bank of Nigeria ( CBN), Olayemi Cardoso, has been directed by the senate to appear before it on Tuesday, February 6, on the state of the economy and free flow of Naira at the forex market. The Senate Committee on Banking, Insurance and Other Financial Institutions led by Senator … Read more
[ad_1] The naira has hit a record low at the parallel market. The naira traded at N1,415 on Thursday, Jan. 25, a 3.66 percent decline from N1,365 traded on Tuesday, Jan. 23. Bureau de Change (BDC) operators, put the buying rate of the greenback at N1,400 and the selling price at N1,415. Meanwhile, on the official market, naira depreciated … Read more
[ad_1] The Central Bank of Nigeria has denied claims that it plans to redenominate the country’s currency Naira, with effect from January 2023. The apex bank stated this in a statement released by Isa AbdulMumin, the CBN’s Director of Corporate Communications. The statement released by the bank reads; “The attention of the Central … Read more
[ad_1] Singer Azeez Fashola popularly known as Naira Marley and socialite Samson Eletu, better known as Sam Larry have filed a fundamental rights suit to challenge their “continued detention” over the death of singer, Ilerioluwa Aloba, alias Mohbad. In the lawsuit filed before the Federal High Court in Lagos by their lawyer, Mr Olalekan … Read more
[ad_1] Justice Nicholas Oweibo of the Federal High Court sitting in Ikoyi, Lagos, on Monday, October 30, 2023, adjourned till November 13, 2023 the trial of Nigerian singer, Azeez Fashola( a.k.a) Naira Marley, for alleged internet fraud, owing to the failure of the Police to produce him in court for continuation of his trial. … Read more
[ad_1] Properties worth millions of Naira were gutted by fire after three buildings were gutted by fire in a market on Dosunmu Street, Lagos Island area of Lagos State on Saturday night, October 28. In a statement released, the Director of the Lagos State Fire and Rescue Service, Margaret Adeseye, said the fire … Read more
[ad_1] Embattled singer, Afeez Fashola aka Naira Marley has threatened to sue Nigerian record producer, Solomon Oyeniyi, popularly known as K-Solo, for making unfounded accusations against him during a recent appearance on Channels TV’s program, Rubbin’ Minds where he, K-Solo, alleged that Naira Marley’s is involved in the tragic demise of his former signee, Mohbad. … Read more
[ad_1] The exchange rate between the naira and dollar opened the week at N1,200/$1 on P2P platforms on Monday, Oct. 23. The implication of this is that the naira is 3.41 percent weaker than on Friday, Oct. 20, when it closed at N1,170 on the same market. This week, on the black market … Read more