LAGOS FEBRUARY 25TH (NEWSRANGERS)-Africa’s richest man and Chairman of Dangote Group, Aliko Dangote is feeling the heat of Nigeria’s economic crisis with his net worth shedding $1.1bn or the equivalent of N1.88tn (N1,665.5/$). The billionaire’s misfortune is coming one week after he earned a whopping $144m, an equivalent of N221.46bn (N1,537.9/$) in a single day….
LAGOS AUGUST 15TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) has concluded plans to stem the continuous slide of the naira against the dollar. Top of these plans is to flood the market with dollars, it was learnt yesterday. A CBN board member, who spoke to our correspondent under anonymity, said: “At this point, the bank…
LAGOS AUGUST 8TH (NEWSRANGERS)-The Nigerian currency, the naira exchanged at the black foreign market for as low as N900 to a dollar on Monday, August 7, 2023. According to street traders who spoke to Legit.ng, Nigerians looking to buy dollars should be ready to pay as high as N902 as of 3 pm on Monday…
LAGOS JUNE 3RD (NEWSRANGERS)-Importers have condemned the Central Bank of Nigeria (CBN)’s over its denial that the Naira has been devalued. In an interview with BusinessDay, an importer, who craved anonymity, asked the CBN to be truthful. In its report titled, “Business leaders insist they get dollars at N630 despite CBN denial“, BusinessDay quoted manufacturers…