Naira Appreciates in Official Foreign Exchange Market The Nigerian naira has Thursday experienced a notable appreciation, reaching N1,595.11 per dollar in the official Nigerian Foreign Exchange Market (NAFEM). This increase, Excel Magazine International observes, contrasts with the NAFEM exchange rate surpassing the parallel market exchange rate, which closed at N1,490 per dollar on the same…
CBN Resumes Sales of Dollars to BDC Operators The Central Bank of Nigeria (CBN) has announced its decision to resume the sale of foreign exchange to eligible Bureau De Change (BDC) operators across the country, with each operator entitled to $20,000 worth of foreign exchange. This move comes after a suspension lasting over two years,…
Hardship: Tinubu Holds “Crucial” Meeting with Private Sector Leaders President Bola Tinubu has convened a crucial meeting with key members of the organized private sector on Sunday at the Presidential Villa in Abuja. Among the notable attendees were Alhaji Aliko Dangote, President of Dangote Group; Tony Elumelu, Chairman of Heirs Holding and Transcorp Plc; Abdulsamad…
Tony Tetuila Eyes Collaboration with Burna Boy for ‘My Car’ Remix Renowned Nigerian singer, Tony Tetuila, has hinted at a potential collaboration with Afrobeats sensation, Burna Boy, for the remix of his iconic hit track, “My Car.” Originally released in 2001, “My Car” swiftly became a nationwide sensation, cementing Tetuila’s status as a music icon….
US Dollar Turnover Surges by 51% at Official Foreign Exchange Market On Wednesday, the turnover of US dollars at the official foreign exchange market in the United States experienced a significant surge, climbing by 51% to $240.72 million, Excel Magazine International can report. This surge coincided with marginal gains recorded by the Naira. Data from…
Tributes Flow as Dignitaries Gather for Akeredolu’s Service of Songs Dignitaries, on Monday, paid tributes to the late Governor of Ondo State, Rotimi Akeredolu, at the Evening of Tributes and Service of Songs organised in his honour at the Jogor Centre, Ibadan, Oyo State capital. A former Governor of Ekiti State, Kayode Fayemi, in his…
Davido Gifts Orphanages N300m Nigerian Afrobeats singer David Adeleke, also known as Davido, has announced a donation of N300 million to orphanages across Nigeria through his Foundation. On Tuesday via his X account, the Grammy-nominated artist made known the donation Davido stated that the donation is his yearly contribution to the nation. He added that…
Taylor Swift’s Presence Sparks Chiefs Back-to-Back Super Bowl Victory The Kansas City Chiefs secured their second consecutive Super Bowl victory, defeating the San Francisco 49ers 25-22 in a thrilling match at Allegiant Stadium in Las Vegas. In a dramatic finish, Kansas City Chiefs wide receiver Mecole Hardman clinched the title with a touchdown catch from…
US Defence Secretary Lloyd Austin Hospitalised Again United States Defence Secretary Lloyd Austin has been hospitalised for the second time in a month, announced the Pentagon, following a previous hospital stay that drew criticism for lack of transparency. Excel Magazine International reports that, Austin, 70, who underwent treatment for prostate cancer last year, was admitted…
Stakes Are High as Finland Votes in Run-off for New President Millions of eligible Finnish voters are gearing up for Sunday’s presidential run-off, a pivotal moment as they select their new head of state. With foreign and security policy at the forefront, following Finland’s recent NATO accession amid tensions with Russia, the stakes are high….