Foreign Exchange Market

Naira rebounds to N1,480/$1 as foreign reserves hit $43.05b

•Cardoso: Current account balance recorded $5.28bn surplus in Q2 The naira sustained its gains yesterday, closing at N1,480/$1 at the official Nigerian Foreign Exchange Market. According to data from the CBN, the naira traded at N1,480/$ continuing the positive trajectory that began in early September when it opened at N1,526.09/$. The parallel market mirrored the […]

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Literacy Boost: Leo District 404b2 donates books to Chess-In-Slums Library

By Daniel Akinte In promoting education and empowering underprivileged communities, Leo District 404B2 Nigeria, the youth activity of Lions international, District 404B2 Nigeria, has donated educational books to Chess-in-Slums Africa’s library. The event, which recently took place at Chess-in-Slums Africa innovation hub, Alagomeji, Lagos, was aimed at addressing the educational gap and providing valuable resources

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Mortgage Bank Plc

N21 trillion required to bridge housing shortfall – Mortgage Bank

 The Chairman, Board of Directors AG, Mortgage Bank PLC, Amb. Felix Nwabuko disclosed that the Nigerian Housing sector was contributing above N11 trillion to the GDP by year 2024. Quoting the Nigerian Bureau of Statistics (NBS), Nwabuko said despite this laudable achievement, Nigeria’s housing deficit remains estimated in excess of 28 million units. The Chairman

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Peter Obi Slams Adamawa LG Bosses Over Wives’ Turkey Trip

The Labour Party’s presidential candidate in the 2023 general election, Peter Obi, has faulted the alleged sponsorship of the wives of 21 local government chairmen in Adamawa State on a trip to Turkey, describing it as a “glaring case of waste.” In a post on his verified 𝕏 handle on Friday, Obi said the development

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