Naira suffers marginal loss against US Dollar

The Naira on Friday suffered marginal loss against the US Dollar at the parallel market in spite of CBN’s intervention at the foreign exchange market, has reported. The Nigerian local currency lost one point to exchange at N366, weaker than N365 traded on Thursday, while the pound sterling and the Euro closed at N468 […]

Today’s leading headlines

Advertisement Naira gained N5.28 against US Dollar at interbank market. The worldwide Sit-at- Home protest by Indigenous People of Biafra, IPOB, against detention of Director, Radio Biafra Nnamdi Kanu got total compliance at Onitsha, Nnewi. Indian court stops WhatsApp-Facebook data share. Proponents of sales of national assets are economic parasites – Sen. Shehu Sani. Dariye’s […]

Manufacturers to get 60% forex

Manufacturers to get 60% forex Perturbed by the continued dwindling fortune in the domestic economy, the  Central Bank of Nigeria (CBN) has directed  Authorised Dealers (banks) to allocate 60 per cent of their  Foreign Exchange, (forex) purchases from all sources (interbank inclusive) to  manufacturers and 40 per cent to other users for the purpose of […]