Naira Dollar Scheme

Naira appreciates to N1,500/$ in parallel market

By Elizabeth Adegbesan The Naira yesterday appreciated to N1,500 per dollar in the parallel market from N1,510 per dollar last weekend. However, the Naira depreciated to N1,480.15 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira rose to

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BREAKING: Dangote Refinery, PENGASSAN Fail To Reach Agreement, Meeting Continues Today

The management of Dangote Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have failed to reach and agreement over their dispute caused by the alleged mass sack of union members. Naija News reports that the meeting called by the federal government of Nigeria to broker peace ended in a deadlock

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