Francis Abel 
On the parallel market, Nigeria’s local currency, naira, is currently exchanging for more than 2,000 naira versus the British pound. On Monday, a bureau de change operator in Wuse Zone 4, Malam Ibrahim, confirmed the prices. He stated, “Yes, it is true; we are currently selling pounds for more than N2,000, and the heavy and … Read more
Car insurance is a non-negotiable aspect of vehicle ownership, but finding affordable coverage without sacrificing quality can be a daunting task. The good news is that with careful research, savvy decision-making, and a proactive approach, you can unlock the secrets to getting cheap car insurance without compromising on protection. In this blog post, we’ll delve … Read more
The naira fell below N1,600 per dollar on Thursday, as Nigeria’s economy continues to suffer under President Bola Tinubu’s leadership. According to Aboki Forex, the naira fell to N1,600 to $1, despite efforts by the Central Bank of Nigeria to stem the naira’s wild decline. Though the naira had been falling against the dollar before … Read more
The consumer price index (CPI), which measures the rate of change in the prices of goods and services, increased to 29.9 percent in January 2024, up from 28.92 percent the previous month. The National Bureau of Statistics (NBS) confirmed this in its January CPI report, which was released on Thursday. According to the bureau, food … Read more
Access Holdings Plc has stated that the appointment of Ms. Bolaji Agbede as Acting Group Chief Executive Officer was consistent with the company’s succession planning practices. In a report to the Nigerian Exchange Group, NGX, the company’s Chairman, Abubakar Jimoh, commented on the appointment, stating that Ms. Agbede is the company’s most Senior Executive with … Read more
On Monday, the naira hit a fresh all-time low of N1,534 per dollar on the official Nigerian Autonomous Foreign Exchange Market. This represents a 3.93 percent drop, or N58, from the N1,476.13/$ the national currency closed last week Friday, according to FMDQ Exchange, a portal that publishes official foreign exchange transactions in the country. The … Read more
Ms. Bolaji Agbede has been appointed Acting Group Chief Executive Officer by Access Holdings Plc, the company stated Monday. This comes after the demise of its former Group CEO, Dr. Herbert Wigwe. Wigwe died in a helicopter crash along with his wife, son, and a former chairman of the Nigeria Exchange Group, Abimboloa Ogunbanjo, on … Read more
Auto insurance is a critical component of responsible vehicle ownership, offering financial protection in the event of accidents, theft, or other unforeseen circumstances. Two key aspects that significantly influence the terms and conditions of an auto insurance policy are deductibles and coverage limits. In this comprehensive guide, we’ll delve into the intricacies of deductible amounts … Read more
On Wednesday, the Nigerian naira dropped to N1,500 in the parallel market. The rate is 3.45 percent lower than the N1,450 per dollar recorded on Monday. Currency traders in Lagos, also known as Bureau De Change operators (BDCs), quoted the buying rate of the greenback at N1,490 and the selling price at N1,500 — leaving … Read more
On Wednesday, the House of Representatives discovered that five banks were withholding $5 billion in forex. Worried about the country’s foreign exchange market instability, the House directed the joint Committees on Banking Regulations and Banking Institutions to hold an investigative hearing into banks and financial institutions’ failure to comply with CBN directives on Net Open … Read more