VAM News Update Dollar to Naira currency dealers in Abuja Zone 4 market, Nigeria said a dollar were bought at 920₦ and sold at 912₦ today, as against 925₦ it traded…
Category: Business
How Banks, 18 others, fined N125m for late filings
At least eight banks and 18 other listed companies have been fined N125m for failing to file their 2022 audited financial statements and quarterly reports for the first half of 2023 as…
Again, Naira crumbles to 920/$, fuel marketers push for fresh price hike— Report
Oil marketers, on Thursday, insisted on a possible hike in the pump price of Premium Motor Spirit, popularly called petrol, following a further plunge in the value of the naira against the…
BREAKING: Naira tumbles to 900/$, CBN vows BDC operators clampdown
The naira tumbled against the United States dollar at the parallel market on Wednesday, closing at 900/dollar. This came barely two weeks after the local currency was sold 960/dollar at the…
Naira trades at N900 to Dollar
THE Naira on Wednesday, August 23, closed at N900/$ at the parallel market, N70 weaker than N830/$ this week’s opening. The local currency, which regained steam after the acting governor…
6 year old Boy becomes CEO in Nigeria
VAM News Update Cubana Chief Priest excited as 6 year old son becomes CEO Nigerian billionaire businessman and socialite, Cubana Chief Priest has taken to social media to celebrate as his son,…
Exchange rate: Naira gains Massively against Dollar
THE Nigerian currency, the naira, recorded significant gains against the dollar in the parallel market and official Investors and (I&E) window. The development comes as the foreign exchange market significantly increased as…
Facts To Know About Nigeria’s $3 Billion Loan to Support Naira
NIGERIA National Petroleum Company Limited, on Wednesday secured an emergency 3 Billion Dollar loan from the AFREXIM Bank to help stabilize the Naira. Below are 8 Important Facts you need to know…
3 Nigerians among top richest black people on earth
VAM News Update Despite economic headwinds that affected Nigeria’s economy, three Nigerians have appeared in the list of richest black people on earth. They are Aliko Dangote, Abdulsamad Rabiu and Mike Adenuga….
Marketers break silence as Diesel Hits N950/Litre, Job Losses Loom
VAM News Update THE implementation of 7.5 per cent Value Added Tax on Automotive Gas Oil(AGO), also known as diesel and the foreign exchange crisis in Nigeria, has driven the product price…