Dollar Drops Below N400/$

Dollar Drops Below N400/$

This is the first time in seven months, the dollar fell below the psychological N400 barrier, when the greenback traded at N399 to the dollar in Lagos and exchanged at N395 in Abuja, lower than N410 at which it traded on Tuesday. With the gains made by the local currency in the last five weeks, […]

FG Has Created 1.1m Jobs – Minister

FG Has Created 1.1m Jobs – Minister

The Federal Government has created employment in the water sector through its Graduate/Youth Farmers Employment Programme. This was disclosed by the Minister of Water Resources, Suleiman Adamu, at the 2017 World Water Day in Abuja. He explained that government has invested heavily in the sector, having completed the construction of Galma Dam in Kaduna State, […]

Fanta & Sprite Gets Endorsed By Food Scientists

Fanta & Sprite Gets Endorsed By Food Scientists

Food Scientists and Technologists under the auspices of the Nigerian Institute of Food Science and Technology, NIFST, yesterday lent its support to the Federal Ministry of Health’s endorsement of the Nigerian Bottling Company, NBC, products, Fanta and Sprite. In a statement made available and jointly signed by the National President, Dr. Dahiru Adamu and the […]

Senate Postpones Probe Of Secretary To The Government Of Federation Over Scandal

Senate Postpones Probe Of Secretary To The Government Of Federation Over Scandal

The ad-hoc committee on humanitarian crisis in the north-east has postponed its investigative hearing slated for Thursday, after the Secretary to the Government of the Federation, Babachir Lawal, and his company, Rholavision Ltd, said they would not appear. The clerk to the ad-hoc committee, Lawal Bagaudu, disclosed the postponement  late Wednesday. He said the committee […]

CBN Retains Rates Policy

CBN Retains Rates Policy

The CBN yesterday retained all policy rates for the second time in 2017. It also pledged to further close the gap between interbank and parallel market rates. CBN Governor, Godwin Emefiele, speaking to journalists yesterday, also admitted that “the market is not meant to be fixed and will move,” which analysts are already seeing as […]

Naira Sells At N435/$, As CBN Injects $180 Million

Naira Sells At N435/$, As CBN Injects $180 Million

The improving fortunes of the naira in the parallel market continued, Monday, as it appreciated to N435 per dollar due to declining demand for dollars. Information reveals that the parallel market exchange rate, which declined to N445 per dollar last week, further dropped to N435 per dollar at the close of business, yesterday, translating to 3.4 […]

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