24hrs News & Updates
Kwara State Ease of Doing Business Council (EODBC)) on Friday organised a one-day workshop to build the capacity of enterpreneurs and investors in the state on how to access credit facility to strengthen their businesses, build strong network for exports, and better manage their portfolios for growth. Themed ‘Access to Credit for Investors in Kwara…
Kwara State Government on Wednesday hailed the Federal Government’s National Digital Economy and E-Governance Bill, insaying its passage will smoothen government activities and boost government-citizen engagement. “The Kwara State Government is proud to support technologically-driven initiatives, especially with the National Digital Economy and E-Governance Bill. It will help in smoothening government activities and relations, administration…
The World Bank has uncovered $32 million in unaccounted funds in Nigeria’s water project. This was disclosed in the banks’ recently released FY2024 Sanctions System Annual Report. The report showed that the missing funds were intended to bolster water infrastructure in Nigeria but were not adequately accounted for, prompting an intervention to safeguard the project’s…
Read More “$32m Nigeria’s water project missing funds uncovered in World Bank” »
The Independent Petroleum Marketers Association of Nigeria has announced that Premium Motor Spirit (Petrol) price will be slashed by N50 upon lifting Dangote Petrol directly. The National President of IPMAN, Abubakar Maigandi, disclosed this during an interview with Channels Television on Tuesday. This comes as Maigandi revealed that Dangote Refinery has agreed to sell petrol…
The Naira yesterday appreciated to N1,725 per dollar in the parallel market from N1,735 per dollar last week Friday. But the Naira depreciated to N1,676.9 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,676.9 per dollar from N1,666.72 per dollar…
The Federal Government has on Thursday unveiled a nine-month initiative set to commence on October 31, which permits individuals to deposit dollar bills that have been kept outside the official banking system without facing any scrutiny. The new initiative is designed to tackle the increasing prices of commodities that are affected by fluctuations in foreign…
Read More “Breaking: FG Offers Nine-Month Amnesty Period To Holders Of Illegal Dollar Assets” »
The naira massively depreciated against the dollar at the foreign exchange market to kick off the week on a negative note amid a significant drop in Forex supply on Monday. FMDQ Data showed that the naira dropped to N1670.65 per dollar on Monday from N1600 exchanged last Friday. This represents a N70.65 depreciation. Similarly, at…
The price of a bag (50 kg) local rice rose year-on-year, YoY, by 152.9 percent to N95,738 in September 2024 from N37,853 in September 2023. Data from the National Bureau of Statistics, NBS, ‘Selected Food Price Watch’ for September 2024 showed that the price of 1 kilogram (Kg) of local rice stood at N1,914.77 during…
Read More “Local Rice Cost Rises 152% To N95,738 Amidst Other Soaring Prices” »
The Naira yesterday appreciated to N1,715 per dollar in the parallel market from N1,725 per dollar last weekend. However, the Naira yesterday depreciated to N1,603.16 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,603.16 per dollar from N1,600.78 per dollar…
Read More “Naira Exchange Makes Gain, Sells At N1,715/$ In Parallel Market” »
The Naira yesterday appreciated to N1,680 per dollar in the parallel market compared to N1,690 per dollar last weekend. Similarly, the Naira appreciated to N1,552.92 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,552.92 per dollar from N1,641.27 per dollar…
Read More “Naira Appreciates To N1,680/$ In Parallel Market” »