In a significant display of corporate social responsibility, Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings and a leading pension fund administrator in Nigeria, has renovated the Yaba Psychiatric Hospital Ward MS/F3 in Lagos, which includes female and male wings, as well as offices for medical personnel...
By: Philip Odiakose
Out-of-home (OOH) advertising has long been a cornerstone of marketing strategies, offering brands the opportunity to reach consumers in high-traffic locations where they live, work, and play. However, measuring the return on investment (ROI) of OOH campaigns has historically presented challenges due to limited data availability and...
The pressure on the foreign exchange (FX) market eased, on Tuesday, as naira steadied against the United States dollar in the parallel market.
According to Aboki FX, the naira sells for N1,160 on Monday and Tuesday respectively.
Also, the volume of United States dollars turnover in the Nigerian Foreign Exchange Market...
Despite volatility in the Nigeria’s foreign exchange market, Nigeria recorded a daily foreign exchange turnover of $100.06million in the Nigerian Foreign Exchange Market (NAFEM).
The daily forex turnover rose by 32 percent from $75.82million, on Friday, November, 24, 2023 to $100.06million on Monday, November, 27, 2023.
According to the data from...
The naira sustained its appreciation against the United States dollar at the parallel market as it appreciated on Friday, from N1,160 to N1,155.
This represents 0.43 percent (N5) gain than N1,160 exchanged on Thursday at the parallel market.
It could be recalled that the naira had steadied in the parallel market...
Amid frequent fall in naira, the house of representatives committee on finance, loans, and debt management, has recommended that all locally produced goods be banned from importation.
The house gave the recommendation while considering a report on the 2024-2026 medium-term expenditure framework and fiscal strategy paper (MTEF/FSP).
Recall that the...
In other for the naira to sustain momentum against the United States dollar, financial experts and analysts have called for the use and purchase of made in Nigeria goods as against foreign made goods.
They also sought for an end to dollarising the economy, saying Nigeria spend about $40...
The naira, on Monday, continued its appreciation against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official exchange rate window, as it closes at N750.14/$1.
The rate represents a recovery of N41.61k from the N791.75 recorded last Friday.
According to Data from FMDQ Securities Exchange, a platform...
There was relief among manufacturers and importers as the naira gained N49.39 (5.24 per cent) Friday to close at N791.75/$ (down from N841.14 on Thursday) at the official market.
The gain, captured in the data from the Nigerian Autonomous Foreign Exchange (NAFEX) – the country’s official exchange rate window –...
The naira has continue to gain momentum against the United States currency, US dollar, after the Central Bank of Nigeria (CBN), intensified the clearance of backlog of foreign exchange forward.
An FX forward contract is a bilateral agreement where one party (the seller) agrees to sell FX to another party...
