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  • June 24, 2023

Naira Ends week on Negative Note, Falls By 0.66%

Hamilton Nwosa
Writer
Naira Depreciates As External Reserves Drops To $36.116 Billion

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Surprise as Tinubu Overturns NTA shake-up, reinstates Abdullah Dembos, Ayo Adewuyi

By Obinna Uballa President Bola Tinubu has reversed recent leadership changes at the Nigerian Television Authority (NTA), ordering the reinstatement of Director-General Salihu Abdullahi Dembos and Executive Director of News Ayo Adewuyi, triggering surprises in the Broadcast industry. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, confirmed the directive in a…

September 2, 2025 • Nigeria

Chatham House Rebuts Tinubu, Says Corruption Still Crippling Nigeria’s Growth

By Obinna Uballa United Kingdom based policy institute, Chatham House, has countered President Bola Tinubu’s recent claim that his administration has eradicated corruption in Nigeria, asserting that the vice remains deeply entrenched and continues to undermine the country’s economic growth and governance structures. In a new report authored by Dr. Leena Hoffmann, Associate Fellow of…

September 2, 2025 • Headline,

Ranked: Top Sources of Billionaire Wealth by Industry

Key Takeaways Forbes found finance and investments leads the top sources of billionaire wealth (464 billionaires) in 2025. Technology is the second-most common sector for billionaires (401), adding 59 new names since 2024. The world’s ultra-rich aren’t evenly spread across either the globe or the economy. Instead, their fortunes tend to cluster in a handful of high-growth, high-margin industries. This…

September 2, 2025 • Opinion

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By Agency Report 

The Naira on Friday closed on a negative note as it exchanged for N770.17 against the dollar at the investors’ and exporters’ window.

The naira depreciated by 0.66 per cent compared with N765.13, which it exchanged for the dollar on Thursday.

The open indicative rate closed at N759.13 to the dollar on Friday.

An exchange rate of N801 to the dollar was the highest rate recorded within the day’s trading before it settled at N770.17.

The naira sold for as low as 461.10 to the dollar within the day’s trading.

On Friday, 125.47 million dollars were traded at the official investors’ and exporters’ window. (NAN)

 

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