Voice Air Media THE naira, on Monday, appreciated at the parallel market to trade at N993 per dollar. Voice Air Media reports that the figure signifies an appreciation of N2 or 0.20 percent from...
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1 Minute
Reality or Rumor? Dangote Speaks On Reducing Cement Price
VAM News Update THE management of Dangote Cement Plc has debunked reports that the company has reduced the price of cement from N5,500 to N2,700 effective from October 1st. Speaking with newsmen, Anthony Chiejina,...
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2 Minutes
Again, World Bank Approves Another $700m Loan For Nigeria
The World Bank has approved a fresh $700m loan for Nigeria. It disclosed this in a statement published on its website on Friday, Sept. 22 The new loan is to provide additional...
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1 Minute
N900 per Litre of petrol looming as Naira nears #1,000/$
VAM News THE Federal Government is potentially staring at a N1.68tn fuel subsidy bill for the last quarter of 2023, as oil marketers indicate that the pump price of petrol should range between N890...
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1 Minute
Nigeria’s Fuel Subsidy Returns As FG Pays N169.4bn In August
VAM News Update Despite the numerous assurances by President Bola Ahmed Tinubu that the subsidy is gone, Daily Trust’s finding shows that the federal government paid N169.4 billion as subsidy in August to keep...
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1 Minute
Naira Exchange Nears #1,000/$1 As Dollar Demand Overwhelms Supply
VAM News Update THE naira came under intense pressure yesterday, leading to a significant depreciation as it fell to N990 to a dollar at the parallel market segment of the foreign exchange market, compared...
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3 Minutes
In not-so-good for Nigerians as Cooking gas prices may jump to N18K
VAM News Update Gas retailers are sounding the alarm, warning that the price of a 12.5kg cooking gas cylinder could surge to N18,000 by December if the Federal Government does not intervene to regulate...
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2 Minutes
Dollar Nears N1000/1$, Hits New Price at alternative markets
VOICE AIR MEDIA THE naira fell further to the dollar on Wednesday after closing at 950/$ at the parallel market. Bureau de Change operators who spoke to Journalist, said the naira which had earlier...
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2 Minutes
BREAKING: CBN Issues Fresh Directive To Banks Over Foreign Exchange
THE Central Bank of Nigeria (CBN) has directed commercial banks to refrain from utilizing their foreign exchange revaluation gains for dividends and operational expenditures. It was gathered that the directive was...
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1 Minute
FG delists 37 illegal loan apps
THE number of delisted loan apps rose from nine to 37, according to the Federal Competition and Consumer Protection Commission’s new report. The number of fully approved loan apps also grew...
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