Business
BREAKING: Exchange Rate Crashes To N983 Per $1
The current rate is significantly lower than the N950/$1 observed just last week, indicating that the Central Bank of Nigeria
The exchange rate between the Nigerian naira and the US dollar has reached a record low of N983/$1 in the black market, according to quotes received by Nairametrics on Wednesday.
VerseNews reports that this represents a 2.93% decrease compared to the previous day when it traded at N955/$1, highlighting the ongoing foreign exchange crisis in the country.
The current rate is significantly lower than the N950/$1 observed just last week, indicating that the Central Bank of Nigeria (CBN) is facing challenges in stabilizing the foreign exchange market despite various policy announcements.
Earlier in August, the dollar had been as low as N955/$1, raising concerns among investors that it might reach N1000/$1.
However, it briefly appreciated to N840/$1 after the CBN warned speculators of potential major losses due to upcoming policy changes.
JAMB Sets 2025/2026 Admission Cut-Off Marks for Universities, Polytechnics and Colleges
The cut-off marks were approved during the 2025 JAMB Policy Meeting held in Abuja, which brought together key stakeholders.
BREAKING: ASUU Declares Nationwide Strike
Already, ASUU branches at the University of Jos and the University of Abuja have commenced the strike action in compliance...
Netherlands Begins Double Taxation Agreement Talks with Nigeria
The talks mark a significant step in Nigeria’s evolving international tax diplomacy and its effort to align with global fiscal...
Coalition: David Mark, Other ADC Interim Leaders Dragged to Court – DETAILLS
The lawsuit threatens the fragile unity of the opposition coalition, reportedly being driven by former Vice President Atiku Abubakar,
Enugu Air Officially Launches Domestic Flight Services Across Nigeria [PHOTOS]
Nigeria’s Aviation Minister, Festus Keyamo, who commissioned the airline, assured that the federal government will fully support the success of...
Yahoo Boys Blocking Foreign Investors from Nigeria – EFCC Chairman
According to him, Yahoo Boys are blocking foreign investors from engaging with the country.
ADC Raises Alarm Over Alleged Tinubu Plot to Cripple Opposition Coalition
The party described the moves as part of a broader agenda to erode Nigeria's multiparty democracy.
Benin: Boyfriend Cuts Off Own Manhood, Slices Girlfriend’s Stomach in Bloody Fight (VIDEO/PICTURES)
During the altercation, the man allegedly reached for a kitchen knife and used it to slice open the woman’s stomach,...
MultiChoice Slammed with ₦766m Fine for Violating Nigerians’ Data Privacy Rights
MultiChoice violated the data privacy rights of its subscribers and individuals associated with them who are not necessarily subscribers.
‘Trump Does Not Like Him’ — Primate Ayodele’s Shocking Prophecy to APC Ahead of 2027
Primate Ayodele warned that Tinubu’s re-election is surrounded by both spiritual and political sabotage.