LAGOS JUNE 2ND (NEWSRANGERS)-The foreign exchange (Forex) market in Nigeria was thrown into a panic mood on Monday when the value of the Naira significantly depreciated against the Pound Sterling at the parallel market. Business Post reports that the Naira lost N10 against the British currency at the unregulated segment of the FX market to…
LAGOS MAY 29TH (NEWSRANGERS)-A man, Obiefoh Sunday, who is a housekeeper at the Lagos Continental Hotel, has shown true honesty in his work. His boss, Muhammad Ashraf, on his LinkedIn page wrote about how the young man found some wads of US dollars in one of the rooms he went to clean after the guest…
LAGOS DECEMBER 6TH (NEWSRANGERS)-Forex turnover rose sharply by 173.3%, as the Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N395/$1 during intra-day trading on Thursday, December 3. Also, the Naira appreciated significantly against the dollar, closing at N470/$1 at the parallel market on Thursday, December 3, 2020, as the…
LAGOS MARCH 29TH (NEWSRANGERS)-All Progressives Congress leader, Bola Tinubu, has asked the Federal Government to print more naira notes in order to save the economy from collapse even as the Covid-19 pandemic continues to bite harder. Tinubu said this in a statement he wrote in commemoration of his 68th birthday. The former governor of Lagos State…