Naira floating

Business

UPDATED: FG May Crackdown On Black-Market Currency Traders – Oyedele

Sam Diala, THEWILL -
October 31 (THEWILL) - Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has said that the government may crack down on illicit currency traders, commonly called back-market money dealers. He also gave the...
Business

Shocker: Naira In Worst Fate, Tumbles To N993.82/$ On Official Window

Sam Diala, THEWILL -
October 30, (THEWILL) - In an unprecedented twist of events, the Nigerian naira suffered a significant plunge in the financial market on Monday, October 30, 2023, the lowest since the currency float policy was introduced mid-June, 2023. The currency,...
Headline

UPDATES: Speculators Hurting Badly As Dollar Drops To N1000-$1 In Black Market

Aina Ojonugwa, THEWILL -
October 27, (THEWILL) - The Naira, on Friday, recorded major gains in the parallel market with the local currency recording a major rebound with dealers offering $1 to N1000 from Thursday’s N1300 - $1. Similarly, £1 was exchanged for N1250...
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BusinessOgochukwu Onwaeze -

DisCos Generate ₦603.64bn As Power Offtake Falls 3.4 Percent In Q2

The figure was disclosed in the latest quarterly report of the Nigerian Electricity Regulatory Commission (NERC), which showed that average energy offtake by the DisCos at their trading points fell to 3,197.03 megawatt-hours per hour (MWh/h) in Q2 from 3,309.48MWh/h in Q1.
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