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Farooq

August

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The Economic and Financial Crimes Commission, EFCC, between January and August 2017 recovered about N409 billion and secured 137 convictions nationwide, the acting chairman, Ibrahim Magu said today. He spoke at an interactive meeting with media executives that held in Abuja. “Between January and August 30, 2017, the EFCC recovered N409,270,706,686.75; $69,501,156.67; 231,118.69 Pounds; 610,816.20 […]

Kemi Adeosun, minister of finance, says less than 20% of contractors paid by the federal government and its agencies state the income received in their tax returns. Adeosun, who made this known in a statement released on Wednesday, said the lapse was discovered following the sampling exercise carried out by the ministry of finance. She […]

The dollar extended its gains on Thursday as strong US growth and jobs data helped traders move past North Korea’s missile test but oil struggled as deadly storm Harvey batters the Gulf Coast. Markets across Asia rallied Wednesday after the previous day’s North Korea-fuelled losses as US President Donald Trump’s apparently measured response soothed fears […]

Germany’s Allianz plans to pay $35 million for 98 per cent stake in Nigerian insurer, Ensure Insurance, in a push for growth in Africa, where many people are uninsured. Foreign insurers are banking on growing premiums as the continent develops its infrastructure and a consumer class demands protection from risk. A Reuters report disclosed that […]

Dollar to Naira Rate Black Market August 31 2017. Today’s Naira Black Market Exchange Rates. Dollar to Naira. Pounds to Naira. Euros to Naira. These are the prevalent rates for Lagos. Actual rates may vary slightly based on vendor. Rates are updated during the day as they change. NAIRA (N) USD ($) EURO (€) GBP […]

ABUJA, Aug 30 (Reuters) – Nigeria’s President Muhammadu Buhari on Wednesday chaired his first cabinet meeting since returning from sick leave in Britain this month. Buhari returned to Nigeria on Aug. 19 after more than three months in London for treatment for an undisclosed ailment. Last week he cancelled a cabinet meeting, raising concerns that […]

President, China Chamber of Commerce in Nigeria (CCCN), Ye Shuijin, who spoke on behalf of the Chinese Government, however argued that most of the substandard goods were not made in China, but were erroneously believed to be Chinese products. According to him, the Chamber and the Standards Organisation have reached an agreement previously, to check the […]

Jameel Ahmad,  FXTM vice-president of market research, says the fall in inflation rate recorded in Nigeria will not change the decision of the Central Bank of Nigeria (CBN) monetary policy committee to keep interest rate at 14 percent. Commenting on the National Bureau of Statistics (NBS) inflation report released on Monday, Ahmad said the drop has […]

Oyetunji Abioye The naira recorded a marginal gain at the parallel market on Tuesday, closing at 368/dollar. The local unit had closed at 370/dollar on Monday, the same rate it closed on Friday. On the back of declining dollar supply by the CBN, the naira has been recording gradual depreciation. The local unit, which used […]

Dollar to Naira Rate Black Market August 30 2017. Today’s Naira Black Market Exchange Rates. Dollar to Naira. Pounds to Naira. Euros to Naira. These are the prevalent rates for Lagos. Actual rates may vary slightly based on vendor. Rates are updated during the day as they change. NAIRA (N) USD ($) EURO (€) GBP […]