The World Bank has approved a fresh $700m loan for Nigeria. It disclosed this in a statement published on its website on Friday, Sept. 22 The new loan is to…
Category: Business
N900 per Litre of petrol looming as Naira nears #1,000/$
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…
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…
Naira Exchange Nears #1,000/$1 As Dollar Demand Overwhelms Supply
VAM News Update THE naira came under intense pressure yesterday, leading to a significant depreciation as it fell to N990 to a dollar at the parallel market segment of the foreign exchange…
In not-so-good for Nigerians as Cooking gas prices may jump to N18K
VAM News Update Gas retailers are sounding the alarm, warning that the price of a 12.5kg cooking gas cylinder could surge to N18,000 by December if the Federal Government does not intervene…
Dollar Nears N1000/1$, 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…
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…
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…
Elumelu To Indian Investors: This Is The Best Time To Invest In Nigeria
Chairman, Heirs Holdings Group, Tony Elumelu, has urged the Indian investors that this is the best time for them to embrace the opportunity of investing their businesses in Nigeria. Elumelu made…
Naira now N736/$ at I&E window
VAM News Naira on Thursday, September 7, appreciated to N736.62 per dollar at the investors and exporters (I&E) window. This represents a 4.53 percent appreciation of the local currency from the N771.59…