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30 January 2024

Overseas students, others cry out over unfavourable exchange rate

2024-01-30
By: FRONTLINE REPORTERS
On: January 30, 2024
In: NEWS

BY GODWIN OBI With the continuous tumbling of the Naira, the rapid appreciation of the US dollar, the British pound and the Euro, as well as soaring inflation rate, Nigerian students and workers who desire to study, live and work overseas this year, may be forced to abandon those aspirations.Continue Reading

CBN Releases $500m To Clear More Verified FX Liabilities Backlog

2024-01-30
By: FRONTLINE REPORTERS
On: January 30, 2024
In: NEWS

BY CHIGOZIE EZEH The Central Bank of Nigeria (CBN) has released US$500 million to various sectors to further address the backlog of verified foreign exchange transactions. This comes barely a week after the apex bank paid approximately $2.0 billion to settle outstanding commitments across manufacturing, aviation, and petroleum sectors. TheContinue Reading

You Can’t Run Nigeria’s Economy On Palliatives, Sowunmi Slams FG

2024-01-30
By: FRONTLINE REPORTERS
On: January 30, 2024
In: NEWS

BY GODWIN OBI A chieftain of the Peoples Democratic Party (PDP), Segun Sowunmi, has slammed the Federal Government for “running the economy on palliatives” since the removal of petrol subsidy some eight months ago. Sowunmi, who was a guest on Channels Television’s Politics Today programme on Monday, called on theContinue Reading

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