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Forex: Turnover in NAFEM rises 61% to $43bn

•As naira records mixed performance By Elizabeth Adegbesan The volume of dollar traded (turnover) in the Nigerian Foreign Exchange Market, NAFEM, rose Year-on-Year (YoY) by    61.9 percent    to $43.09 billion in the first eleven months of    2024 (11M’24) from $26.6 billion in the corresponding period of 2023. Details of the quarterly transactions in […]

Police arrest lady for alleged human trafficking

By Jimitota Onoyume A lady allegedly involved in the trafficking of teenage girls in Eku, Ethiope East Local Government Area of Delta State, has been arrested by the police. It was gathered that the lady , who runs a tailoring shop, had trafficked several girls to neighbouring Africa countries for prostitution. Residents said she belongs […]

Inflationary pressures hamper business operations in November

•As PMI remains below 50.0 points By Peter Egwuatu Sustained rise in inflation rate has stagnated business operations in Nigeria with the Purchasing Managers’ Index, PMI, still below the 50.0 points readings. PMI tracks operating environment of businesses which leads to improvement or otherwise in business performance.    PMI readings above 50.0 signal an improvement in […]

Sen Tony Nwoye empowers constituents of Anambra East and West LGAs

The Senator representing Anambra North Senatorial District, Senator Dr Tony Nwoye over the weekend empowered over 250 constituents from Anambra East and West Local Government Areas in different entrepreneurial skills acquisition, in partnership with National Directorate of Employment.

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