After 52 Years on the Nigerian Stock Exchange, Union Bank of Nigeria to Delist from NGX
In a surprising move, Union Bank of Nigeria Plc has announced that it will be delisting from the Nigerian Stock Exchange (NGX) after being listed for 52 years. The decision comes after the bank’s acquisition by Titan Trust Bank (TTB), which…
FG To Increase Crude Production To 2m bpd
Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), has said the Federal Government is targeting to shore up its crude oil production output to a minimum of two million barrels per day before 2023 winds down completely. He also…
New Reports Of Naira Scarcity – CBN
The Central Bank of Nigeria, CBN has given the assurance that it has enough naira notes in circulation as it debunked claims of cash scarcity at some dispense points. It was gathered by Hobnob News reports that there was a statement issued by Isa…
Tinubu Seeks Approval Of N2.1 Trillion 2023 Budget
Mr President, Bola Tinubu has written to the House of Representatives, seeking the approval of the sum of N2.1 trillion as the 2023 supplementary budget. The President also sent the 2024-2026 Medium Term Expenditure Framework & Fiscal Strategy Paper…
Priest Abducted by Armed Men in Taraba, Diocese Calls for Prayers and Safe Release
In a distressing incident, Very Rev. Fr Thaddeus Tarhembe, a priest from St Ann’s Parish in Sarkin Kudu, Ibi Local Government Area of Taraba, has been abducted by four armed men. The harrowing incident took place at approximately 2 a.m on Sunday,…
EFCC Takes Over Investigation of Former CBN Governor Godwin Emefiele for Financial Impropriety
In a significant development, the Economic and Financial Crimes Commission (EFCC) has assumed responsibility for the investigation into former Central Bank Governor Godwin Emefiele. This move comes as the EFCC takes over from the Directorate of State…
Nigerian Billionaire Lost $1.6 Billion In Two Months
Nigeria and Africa’s richest man, Alhaji Aliko Dangote has seen his net worth decrease by $1.6 billion within one month apparently reflecting the harrowing exchange rate problems for Nigerians leading to his exit from the prestigious Top 100 Billionaires…
US Extends Support to 18,000 Small Businesses in Nigeria to Boost Economic Development and Entrepreneurship
The United States government, through the US Agency for International Development, has invested $244m in an initiative to support 18,000 small businesses in Nigeria, aiming to boost economic development and entrepreneurship. The five-year program,…
Former Secretary to the Government of the Federation, Alhaji Adamu Fika, CFR, Passes Away at 90
In a tragic development, Alhaji Adamu Fika, CFR, a prominent figure in Nigerian politics, has passed away. The 90-year-old former Secretary to the Government of the Federation (SGF) breathed his last on Tuesday night, as announced in a statement…
Black Market Dollar To Naira Exchange Rate Today 24th October 2023
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 23rd October, below. You can swap your dollar for Naira at these rates. How much is a…