Naira depreciates to new low against dollar
Naira has fallen further against the U.S. dollar at the official market on Tuesday, a day after the currency recorded an insignificant gain at the spot market. According to data released by the The Nigerian Autonomous Foreign Exchange Fixing (NAFEX), where forex is officially traded, naira which opened at N427.30
Despite weakened naira, NASS budget remains N134bn – Ben Kalu
Ben Kalu, the spokesperson of the House of Representatives, has once again raised the alarm on the allocation to the National Assembly. The lawmaker, while contributing to the debate on the 2022 budget proposal, said the allocation of N134 billion to the National Assembly is only 0.98% of the entire
Naira slumps to 523 against dollar at parallel market
The naira slumped further to 523/$ at the parallel market on Wednesday, a day after the Central Bank of Nigeria stopped the allocation of foreign exchange to Bureau de Change operators in the country. The naira, which exchanged to the dollar at 503 on Monday, fell to 505 on Tuesday,