Naira appreciates to N1,725/$ in parallel market

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The naira has experienced further depreciation, dropping to 1,740 naira per dollar in the parallel market, down from 1,725 naira on Thursday. Meanwhile, in the Nigerian Autonomous Foreign Exchange Market, or NAFEM, the naira weakened to 1,678.87 naira per dollar, according to data from the Financial Markets Dealers Quotations Group […]

FG orders overhaul as TCN fears more breakdowns.

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The Minister for Power, Adebayo Adelabu, has ordered the immediate replacement of aged equipment as part of the recommendations to stop the incessant collapse of the national grid. Adelabu assured that the replacement would be achieved in six months. Adelabu also directed the Transmission Company of Nigeria and all other […]

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