VAM News update THE Central Bank of Nigeria (CBN) has reiterated that all denominations of banknotes it has issued remain legal tender, and should not be rejected by anyone, as stipulated in…
Category: Business
Reaction as Naira crashes to 1,030/$
The naira crashed against the dollar on Monday, falling to 1, 030/$ on the average in the parallel market, losing the momentum it gathered last week. This represents a N80 loss…
Naira crashes to 1,030/$ as speculators react
VAM News update THE naira crashed against the dollar on Monday, falling to 1, 030/$ on the average in the parallel market, losing the momentum it gathered last week. This represents a…
Flour now N43,000, sugar hits N62,500 as 150 Bakeries Shut Down
Voice Air Media NEWS UPDATE THE Zamfara State chapter of the Nigeria Association of Master Bakers and Caterers has revealed that over 150 bakeries across the State have closed down due to…
Naira rallies across markets, trades below N1,000/$1
Nigerians Celebrating, Households in Nigeria spend N22.7 trillion on food Nigerians Celebrating In an unexpected twist of financial fate, the Naira has staged a dramatic rally against the US dollar, sending ripples…
Euromoney: Union Bank Bags Nigeria’s Most Diversified And Inclusive Bank
VAM News Update THE Foremost Nigerian financial institution, Union Bank, has again clinched another major award after being named Nigeria’s most diversified and inclusive bank by Euromoney, a leading authority on banking…
Nigerians groan as MultiChoice increases DStv, GOtv subscription for third term in 2023
VAM News update It was gathered that the new bouquet price will take effect from November 6. Pay TV firm MultiChoice Nigeria has hiked prices of DStv and GOtv for the third…
Naira to Dollar Falls By N35, Depreciates Further
VAM News Update THE naira, on Tuesday, fell to N1,185 per dollar at the parallel section of the foreign exchange (FX) market. Naira fell by N35 or 3.04 percent compared to the…
No more N20 fish – Traders declares
VAM News update Frozen fish traders in Ilorin, the Kwara State capital, may call off their one-week strike on Monday. VAM News reports that they have been on strike in the last…
18,000 Nigerian Businesses Get U.S Support With $244m
THE United States has extended its support to 18,000 small businesses in Nigeria to boost economic development and entrepreneurship. A statement said with an investment of $244m, the initiative would impact the…