Naira Dollar Pounds

Naira Faces Fresh Pressure As Pound Sterling Trades Above ₦2,000 In Parallel Market

By / NaijaNews.com /

The British pound sterling continued to maintain a strong lead over the Nigerian currency, the Naira. Reports from multiple market trackers on Wednesday, November 5, 2025, showed black-market rates hovering between ₦2,030 and ₦2,100 per £1. Naija News reports that the development highlights ongoing weakness in Nigeria’s foreign exchange market and rising demand for foreign […]

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Board Strengthens Indigenous Oil Companies’ Capacity

By / Leadership Newspaper /

The minister of state for Petroleum Resources (Oil) and chairman of the Governing Council of the Nigerian Content Development Monitoring Board (NCDMB), Senator Heineken Lokpobiri, has commended the board for empowering local oil and gas operators. The minister said the NCDMB has become a business enabler to the oil and gas industry, creating optimum conditions

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Tinubu Seeks N1.15trn Domestic Loan To Fund 2025 Budget Deficit

By / Leadership Newspaper /

President Bola Tinubu has requested the approval of the National Assembly for a fresh N1.15 trillion borrowing from the domestic debt market to help finance the deficit in the 2025 budget. Also, the federal government, through the Debt Management Office (DMO), is set to raise $2.3 billion from the international debt market this week. This

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