VAM News Update THE naira fell, on Thursday, to N956/$ on the official Investor and Exporter forex window as dollar supply declined by 46.77 per cent. This is a 13.78 per cent decline from...
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Inside Nigeria: Naira depreciates against dollar, loses N81
VAM News Update Nigeria’s currency, the naira, depreciated against the US dollar at the foreign exchange market on Tuesday. Official data from FMDQ showed that the country’s currency exchanged at N830.97 to a dollar...
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JUST IN: CBN postpones MPC meeting again
The Central Bank of Nigeria has again postponed the meeting of its monetary policy committee despite the surge in inflation. This is according to a report by Bloomberg on Monday, which quoted the...
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Dollar rise #200 to Naira as of Friday’s market
VOICE AIR MEDIA News Update Foreign exchange fluctuation is yet to end as the Naira depreciated against the US Dollar at the FX market on Thursday. Official data from FMDQ showed that the country’s...
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3 Minutes
BREAKING: Banks’ USSD debt to telcos hits N200bn
Banks now owe telecommunication firms N200bn for Unstructured Supplementary Service Data services. This is following a slowing of negotiations between the banks and telcos. Telecom operators disclosed this on Thursday at the Nigerian...
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Nigeria extends use of old N200, N500, N1000 notes
VOICE AIR MEDIA News Update THE Central Bank of Nigeria, CBN, has said that the old naira banknotes will remain a legal tender. VOICE AIR MEDIA reports that the CBN had introduced the redesign...
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2 Minutes
Inside Nigeria: Details Emerge As Money Scarcity Worsens
VOICE AIR MEDIA News Update Naira scarcity is biting harder across the country as banks have limited cash withdrawals. Residents of Lagos, Abuja, Kano, Katsina, Jigawa and Adamawa and in other parts of the...
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Naira hits N780/$ at official market
THE naira, on Friday, closed at N780.14 per dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official exchange rate window. The rate represents a recovery of 21.73 percent from the figure...
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BREAKING: Dangote refinery secures licence to refine 300,000bpd crude
Africa’s richest man, Aliko Dangote, has said his refinery has secured a licence to refine more than 300,000 barrels of Nigerian crude per day and will begin to process gasoline soon. “We don’t...
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How We’re Protecting Users From Fraud – PalmPay
A Fintech Company, PalmPay, says the upsurge in fraud cases in Nigeria’s financial services sector calls for improvement in the security and safety of fintech apps. PalmPay’s Head, IT and Payments, Mr Temitayo...
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