On June 26, 2023, the World Bank announced its approval of a new loan of $500 million for Nigeria. The loan aims to enhance the livelihoods of women in the country, as stated in the global bank’s official statement. This $500 million loan marks the second approval by the World Bank under the administration of … Read more
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N770 and sell at N776 on Wednesday, 28th June, 2023, according to sources at Bureau De Change (BDC). Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as … Read more
Oil marketers in the country have expressed concerns about a potential increase in the pump price of petrol, which could surpass N700 per liter. According to Mike Osatuyi, the National Controller of Operations for the Independent Petroleum Marketers Association of Nigeria, this projection is expected to take effect in July. Osatuyi emphasized that once independent … Read more
The Central Bank of Nigeria (CBN) has recently introduced additional policy adjustments, according to Dr. Isa AbdulMumin, the Director of Corporate Communications. These changes aim to enhance transparency, liquidity, and price discovery in the foreign exchange (FX) market. The primary objectives of the policy changes are to bolster FX supply, discourage speculative activities, instill customer … Read more
Aliko Dangote, the renowned founder and chairman of Dangote Industries Limited, a prominent conglomerate in Africa, has relinquished his long-held position as Africa’s wealthiest individual. Forbes, the esteemed business magazine, recently released an updated roster of the world’s richest billionaires, unveiling the substantial decline in Dangote’s fortune by a staggering $3.4 billion within a single … Read more
The Ohaneze Ndigbo Worldwide, a prominent Igbo sociocultural group, has raised concerns regarding the proliferation of propaganda and fake news following the announcement of the demolition of distressed buildings in the Alaba International Market, located in the Ojo Local Government of Lagos State. The market is predominantly occupied by Igbo traders. Upon the initiation of … Read more
Government Will Not Allow Unauthorised Payments. Abia state government has noted with dismay the activities of some persons who resorted to extorting traders at the Ariaria International Market on Friday 9th June, 2023, through the imposition of Hundred Naira Late Fee at the gate of the market. Government views this flagrant act of disobedience as … Read more
Subject: Happy Birthday, Ebony Inyama Iheanyi! 🎉📸 Dear Ebony, On this special day, we, Aro Okeigbo Blog, want to take a moment to celebrate you, a passionate photographer in our beloved Arochukwu. Happy birthday! 🎂🌟 As a blog that focuses on highlighting the remarkable journeys and achievements of individuals in our community, we have had … Read more
The Economic and Financial Crimes Commission, on Tuesday, arraigned two bankers, Freeman Jacob and Umar Abdullahi before Justice Simon Akpah Amobeda of the Federal High Court, Kano on a three-count charge of conspiracy and stealing. The commission also arraigned two others – Ahmed Bashir and Abdulhakim Musa (aka Gandu) for working with the duo in … Read more
The Kwara Government on Monday directed that work days be reduced from five days to three per week for every worker in the state. This according to the government is following the astronomical hike in transport fares. This is contained in a statement in Ilorin, by Murtala Atoyebi, the Chief Press Secretary to Gov. Abdulrahman … Read more