Francis Abel 
The Nigerian currency, Naira, has depreciated to N1,140 per United States dollar in the parallel market, from N1,060 per dollar on Thursday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,169.99 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,169.99 per dollar from N1,154.98 … Read more
Securing the right car insurance is a crucial step in protecting your vehicle and ensuring peace of mind on the road. With the digital age in full swing, the internet has become a powerful tool for finding and comparing car insurance options. In this blog post, we’ll explore the ins and outs of navigating the … Read more
The Central Bank of Nigeria (CBN) has denied selling foreign exchange (FX) to bureau de change (BDC) operators at the rate of N1,001/$1. CBN, in a post on its X handle, said a circular claiming the apex bank announced the sale of $10,000 to BDCs at the rate of $1001/$1 was “fake”. According to the … Read more
Labour union on Thursday, picketed the headquarters of the Heritage Bank at Victoria Island, Lagos, over the sack of 1, 000 support workers. The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Anthony Abakpa, during the protest, said the leadership of the bank did not follow due process before taking … Read more
The Kano City Walls are one of the most significant historical sites in Nigeria. The walls were built between 1095 and 1135 AD, during the reign of King Kijimazu, and were constructed to block the entrance to Kano from invaders and the forces of empires looking for vassal kingdoms to grow and raise their royalties. … Read more
The Naira appreciated significantly against the United States dollar at the official market on Wednesday after the local unit recorded a slight depreciation on Tuesday. According to market data published on the FMDQ website, naira closed Wednesday at N1,072.74/$1 as against N1,148.14 recorded in the previous market session on Tuesday. This represents N75.4 or 6.6 … Read more
The Governor of the Central Bank of Nigeria (CBN) Mr. Olayemi Cardoso, said on Wednesday that the apex bank is not defending the Naira with the nation’s foreign reserves. Cardoso was speaking against the backdrop of the recent decline in Nigeria’s foreign reserves corresponding with massive appreciation of the Naira in the foreign exchange market … Read more
Navigating the Waters of Liability Insurance: A Comprehensive Guide on Availing Coverage When in Need Introduction: Life is unpredictable, and unexpected events can lead to unforeseen liabilities. Whether you’re a business owner, homeowner, or an individual, having liability insurance can be a financial safety net when facing legal claims or damages. In this comprehensive guide, … Read more
The Premium Breadmakers Association of Nigeria (PBAN) has stated that the increase in bread prices was caused by exchange rate volatility. Recall that before the current government took office, the exchange rate hovered around N465 to the dollar in the official market and N762 in the parallel market, but it quickly rose to near N2,000 … Read more
Zaria is a historic kingdom and traditional emirate located in northern Nigeria, with its headquarters at Zaria city. The kingdom is believed to have been founded in the 11th century by King Gunguma as one of the original Hausa Bakwai (Seven True Hausa States). Zaria has a rich history and culture that has evolved over the … Read more