Is naira now stronger than the dollar? See what SSA to gov Obaseki said that has got people talking In the parallel market, a dollar is now equivalent to about N500. A lot of Nigerians have been complaining bitterly about the exchange rate of naira to dollar. The Nigeria government would always tell its citizens to buy made in Nigerian goods in order not to feel the harsh impact of the exchange rate. However, a school of thought would tell you that, the exchange rate has no much negative impact on the common
Days ago, the rate of Dollar to Naira in black market stood at N500 per Dollar. People were surprised at how the Naira depreciated and crashed against the dollar. However, Naira has gained big at black market as CBN's new policy improved the dollar supply. The Naira has appreciated and current rate of Dollar to Naira now stands at N485 per Dollar. In the Nigerian black market where forex is traded unofficially, you buy for N475 and sell at N485. The highest Naira to Dollar exchange rate in the last 30 days was
The argument about the purchasing power of the Nigerian currency within the parallel market is espoused again by the Senior Special Asisistant to the Governor of Edo state, Mr. jack Obinyan. Jack Obiyan in his series of tweets asserts that Nigerians should not be deceived by the dollar-Naira exchange rate. His polemical here is that the Naira has value within the parallel market than the U.S dollar has in its home market. Jack Obinyan focuses on the purchasing power of #500 to $1 within the local market. According
Nigeria is known as the largest producer of oil and exporter in Africa. Nigeria has continued the importation of fuel from China, the top importer of crude oil in the world. China exported 37,000 MT of fuel to Nigeria for the first time in September as of July 2019, information from Customs showed this. In recent years, China has prolonged its exports to Africa as a leading shipper of petroleum. Togo was the first country in Africa to import petrol from Chinese in April 2018 at 50,000 metric tons, then Nigeria
Two days ago, the rate of Naira to Dollar stood at N500 per Dollar in the Nigerian black market where forex is traded unofficially. The Naira depreciated against the Dollar to close at N500 per Dollar. The exchange rate of Dollar to Naira is the amount of Naira you get after converting the dollar. As at today, 3rd December, 2020, the rate of Naira gained big after CBN introduced a new policy that helped to improve dollar supply. The current exchange rate of Dollar to Naira is no longer N500 but N485. Meaning
Survival Fund: Another Twenty Support Scheme Has Been lunched. It's for so long we have not write an article on federal government support scheme (assessment loan) here in this article we wll brings you twenty support scheme with an attached of procedure and link just to encourage yoy for easily applying. Thus this article is necessitated to gives yoy an update on Survival Fund with Another Twenty Support Scheme that just lunched recently. every listed Support Scheme here is from the federal government of Nigeria,
Nigeria has close to one million barrels per day of crude oil refining capacity currently under construction. Dangote refinery is a 650,000 barrel per day refinery, BUA refinery is a 200,000 barrel per day refinery, and a growing number of privately owned, government supported modular refinery projects across at least 7 states that will deliver in excess of 100,000 barrel per day. This is in addition to existing government owned refineries (working below capacity), whatever government decides to do with them.
In recent days, the Nigerian currency, Naira has lost value like never before against the United States dollar. It was recently speculated that recently, one United States dollar is exchanged for ₦500. When many heard of this, it was indeed a sad story and news to many. Based on that note, a certain twitter user with the username @JackObinyan took to his twitter handle to make a tweet which made many to react angrily. According to the said tweet he made, he stated it clearly that Purchasing power is what people
The Federal Government through the survival fund initiative is working tirelessly to make sure that all the sectors are still working smoothly in the country during this difficult time. Many Nigerians have benefited from the Covid19 Relief Fund Loan, AGSMEIS, Survival Fund Payroll support scheme, etc After the recent disbursement of money to the private sector through the payroll support scheme, there is another good news to all transport operators. The new support scheme by the federal government through the
Collecting money from debtors is a task no one looks forward to because it is usually tedious and might land one in trouble when done the wrong way. People who borrow money are usually very polite when asking for money but change their countenance when it is time to pay back. A lot of times the only way to collect money from some debtors is to go through legal means which might be costly at times. This article covers seven tips on how to collect money from debtors which are outlined below: 1. Go at night One
Nigerians money depends on US dollars in the international market, anytime the rate of Dollar to Naira rises, it always affects Nigeria's economy and business owners in Nigeria. Recently, at the end of month of November, the rate of Dollar hit N500/US$1 in the Parallel Market and this has affected most Nigerians in the World market. Good news as Naira is now appreciating against US dollars. The Dollar rate was N500 when converting it to the US since the 30th of November, 2020. The exchange rate between the naira
Tron is a cryptocurrency aiming to decentralize and to put the entertaiment industry on blockchain. It's goal is to elimate websites/companies ( Youtube, Facebook, Twitter, Instagram, etc) providing a way for content creators (Musicians, bloggers, photographers, etc) to communicate directly with its audience. If you are looking for virtual currencies with good return, TRX can be a profitable investment option. TRON price equal to 0.0129 USD. ... Based on our forecasts, a long-term increase is expected, the
If you have a bank account in Nigeria, then this very important information is for you. Imagine yourself going to a POS vendor to withdraw the last cash in your account for something very important and after inputting all your necessary information you received a debit alert on your phone, but to your surprise, the POS guy looked up and said "sorry! the transaction was not successful, I can't give you the cash". In such a situation what will you do? The truth is, whichever channel you are using for your bank
Davido who recently changed Naira to dollars has raised alarm and cried out over the rate at which he changed the money. Presently the exchange rate of Naira to dollar is above 450 Naira. It was not like that before but now things have changed, Naira Exchange Rate has drop drastically. In his tweet, Davido wrote on Twitter. He tweeted "Dollar don reach 500 ... I changed naira to dollar today and I almost cried smh this country nawa" Really Davido most have spent alot to get the amount of the dollars he wanted.
The situation of the country is something a lot of people are sad about and have been reacting to especially the present horrible exchange rate. Some of the people that have reacted to the the recent high Naira to dollar rate is Superstar David Adeleke popularly known as Davido. Today the artist took to Twitter to rant about the increase and how tears almost fell from his eyes in realization of what he got after his exchange Naira to Dollar exchange According to him "Dollar don reach 500.... I changed dollar
The well known Nigerian musician, David Adeleke popularly known as Davido has expressed shock with the rate inwhich Nigerian currency has recently crashed. Nigerian naira in recent days has gone from bad to worse as it has lost almost all its value when exchanged with either pounds or dollar. According to Davido, he made it known to the public that he went today to exchange naira to dollar, but he eventually noticed that a dollar is now exchanged for ₦500. In a tweet he made, it reads: "Dollar din reach 500...
The price of Bitcoin has risen to about 4% in the last 24 hours. As at yesterday, the price of one Bitcoin was $18,599 but since then there had been a lot of changes to the price. As at of the time of writing this report, Coincodex one of the popular website involve in reporting the price and value of cryptocurrency put the price of Bitcoin at $19,330. The price of Bitcoin as predicted by expert is expected to reach $20,000 by the end of year 2020. This has made a lot of investors to push the price and value
It is of no doubt that the increasing of naira is increasing every day as alternated to the price of Dollar and at such, the currency loses value rapidly. Since the regime of president Muhammadu Buhari, the currency has experienced rapid fall to the detriment of the Nigerian citizens. Every day, hope lingers that it will get better following the manifesto of president Buhari in 2015. But the reverse have been the case, instead, it rises almost everyday. Moreover a Nigerian musician and multibillionaire; also
Popular Nigerian singer, David Adeleke professionally known as Davido has shared how he was almost moved to tears today after changing Naira to Dollar. The award winning singer took to his verified Twitter account to reveal that he changed Naira to Dollar today and after changing it, he almost cried. According to the singer, the rate of changing Naira to Dollar has skyrocketed to N500, and he lamented over the current state of the country The consistent free fall of the Naira against the Dollar appears unstoppable
Inadequate funding is one of the major bane in the education sector. The Federal, State and local government are not paying much attention to one of the most important sector in Nigeria which is causing the slowing back the progress of the education system. It all started from the National Budget for every year, the budget allocation for the education sector is very small and this makes the schools in Nigeria lack conducive environment for standard learning. When the budget allocation is low, and the population