Economy

We’re committed to educating 10m Nigerian girls —Plan International

Published

5 years ago

June 24, 2019

Eric

Child rights organisation, Plan International Nigeria has said it has plans to educate 10 million Nigerian girls in the North East.

This promise was given by the Acting Emergency Response Manager, Plan International Nigeria, Ibrahim Garba during an event at the Gamboru I Primary and Junior Secondary School, Maiduguri last week to mark the International Day of the African Child.

Garba said the International Day of the African Child is marked on June 16 every year since 1991, when it was first initiated by the Organisation of African Unity (now African Union) to commemorate the students’ uprising in Soweto, South Africa in accordance with Article 32 and 33 of the African Charter on the Rights and Welfare of the Child as adopted by the continental body.

He said, “We are marking this day in solidarity with the Nigerian children in Borno State who have been at the receiving end of the northeast crisis for the last 10 years.

“We have also marked this day in Gwoza, Abuja and Kaduna with outstanding success.”

Garba while disclosing that the theme for this year celebration is “Humanitarian Action in Africa: Children’s Rights First,” said, “In Plan International, our purpose is to strive for the rights of children and equality for girls. Our ambition in Nigeria for the next five years is to support 10 million girls to learn, lead, decide and thrive to ultimately transform power relation in favour of girls.”

Hajiya Hadiza Wali, who represented the permanent secretary of the Borno State Ministry of Education, expressed gratitude to Plan International for hosting the programme and support for the education and other sectors in the state.

She urged the students to make good use of the support being provided by the organisation and other actors in humanitarian response in the state.

Economy

Naira Makes More Recovery, Sells at N1,453/$1

Published

4 weeks ago

March 22, 2024

Eric

The Naira continued its appreciation at the official market on Thursday, March 21, 2024 to close at N1,453.28/$1, according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).

This represents an appreciation of N39.33 when compared to the N1,492.61/$1 it closed on Wednesday, March 20, 2024.

The intraday high was N1,598/$1, while the intraday low was N1,300/$1, representing a wide spread of N298/$1.

Similarly, the Naira appreciated against the dollar at the parallel window to trade at N1,500/$1, this represents an appreciation of N20.00 as against the N1,520 /$1 it traded the previous day.

The Naira also appreciated slightly against the British Pound to trade at N2,000/£1 as against the previous trading day’s price of N2,020/£1 representing a gain of N20 for the local currency.

The Canadian dollar, however, closed flat against the naira to trade at N1,270/CA$1 same as the N1,270/CA$1 it traded the previous day representing a decline of N20 in the local currency.

The Naira gained N30 against the Euro to trade at N1,670/€1 as against the previous closing price of N1,700/€1.

Economy

Naira Gains Against Dollar, Trades at N1,603/$1

Published

1 month ago

March 13, 2024

Eric

The Naira, Tuesday continued its recovery against the American dollar as it traded at N1,603.38/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) window has shown.

This represents a gain of N15.48 when compared to the N1,617.96/$1 it closed on, on Monday, March 11, 2024.

The intraday high was N1,637/$1, while the intraday low was N1,425.35/$1, representing a lean spread of N211.65/$1.

Meanwhile, the Naira gained N12 against the dollar at the parallel market as the local currency appreciated to N1,603/$1 as against the N1,615 /$1 it traded the previous day. As it stands, the naira is trading at the same rate at both official and parallel windows.

The Naira, however, slumped against the British Pound to trade at N2,050/£1 as against the previous trading day’s price of N2,030/£1 representing a loss of N20 for the local currency.

After about two weeks of closing flat against the Canadian dollar, the naira slumped massively to trade at N1,300/CA$1 on Tuesday, representing a decline of N150 when compared to the N1,150/CA$1 it traded the previous day.

The Naira lost N35 against the Euro to trade at N1,740/€1 as against the previous closing price of N1,705/€1 representing a loss of N35 for the local currency.

Economy

Binance to Close Shop in Nigeria, Stops Transaction, Trading in Naira

Published

1 month ago

March 5, 2024

Eric

By Reuters – Binance will stop all transactions and trading in Nigeria’s local currency after March 8 amid a country-wide crackdown on crypto exchanges that have been blamed by authorities for feeding a black market for foreign exchange.

It will stop supporting withdrawals after Friday and any remaining balances in Nigerian Naira will be automatically converted into Tether – a stablecoin whose value is pegged to the U.S. dollar.

Last week, Nigerian authorities detained two Binance senior executives on undisclosed charges as part of the crackdown.

They were still in custody, their local lawyer said before a parliamentary committee on Monday.

Source: Reuters