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Naira depreciates to N1,537/$ in official market

Naira depreciates to N1,537/$ in official market

By Elizabeth Adegbesan The Naira yesterday depreciated to N1,537 per dollar in the Nigerian Foreign Exchange Market (NFEM) surpassing the parallel market with a N2. Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira rose to N1,537 per dollar from N1,536 per dollar on Tuesday, indicating N1 […]

Tinubu seeks additional $347m loan for Lagos-Calabar highway, telecoms projects

Tinubu seeks additional $347m loan for Lagos-Calabar highway, telecoms projects

President Bola Tinubu has asked the national assembly to approve an additional $347 million external loan under the 2025–2026 borrowing plan. Speaker of the House of Representatives, Tajudeen Abbas, read a letter containing Tinubu’s request during Wednesday’s plenary. According to the letter, Tinubu said the loan is necessary due to a rise in the funding […]