A Peshawar school roof collapse killed at least 29, including six girls, and injured more than 50. Police arrested the owner as investigators probe building safety.
The naira weakened to N1,332.97 per dollar at the official market as foreign exchange turnover surged 157.1% and Nigeria’s reserves climbed to $55.1 billion.
American billionaire Bill Gates has announced a $2 billion investment in Nigeria's healthcare and agricultural sectors to boost the country's productivity.
Nigeria's Adebayo Ogunlesi has become the latest Nigerian on the Forbes billionaire list with $1.7 billion in net worth after a $12 billion deal with BlackRock Inc.
The Central Bank of Nigeria has yet to adjust the exchange rate for customs duty in September despite the free fall of the naira, but this is about to change.
CrediCorp is set to kick off the disbursement of President Bola Ahmed Tinubu’s consumer credit scheme to economically active Nigerians nationwide.
The naira has adjusted against the US dollar, with new exchange rates impacting the currency, while Dangote Refinery offers fresh hope to Nigerians.
The Nigerian currency has appreciated against the US dollar in both the official and unofficial foreign exchange markets as the CBN pauses forex sales.
According to CBN data, as of August 31, 2024, the local currency closed at N2,105/£ compared to the starting amount of N2,050/£ at the beginning of the month.
The Nigerian currency has depreciated further against the United States dollar in the unofficial market as the market awaits the CBN interventions.
Mike Adenuga has experienced a gain in wealth of over $500 billion in only a single year, which sets him apart from most of the country's billionaires.
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