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NAIRA APPRECIATES ON OFFICIAL, PARALLEL FX MARKET AHEAD OF MPC MEETING

The naira appreciated by N90 on the parallel segment of the foreign exchange (FX) market yesterday, as it closed at N1,450/$1, compared to the previous day’s rate of N1,540/$1.The positive trend extended to the official Nigerian Autonomous Foreign Exchange Market (NAFEX) window, where the naira appreciated by N36.66, closing at N1,497.33/$1 compared to the N1,533.99/$1…

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TINUBU APPROVES PAYMENT OF N3.3TN POWER SECTOR DEBTS

As part of measures to address the epileptic power supply ravaging the country, President Bola Tinubu has approved the gradual payments of power sector debts estimated at over N3.3tn. Consequently, about N1.3tn owed power generating companies by the Federal Government will be paid via cash injections and promissory notes, while about $1.3bn (N1.994tn using the…

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ARNE SLOT CONFIRMS HE’LL REPLACE JURGEN KLOPP AS LIVERPOOL BOSS WITH ANNOUNCEMENT IMMINENT

Arne Slot has confirmed he will be Liverpool’s new manager, with the Feyenoord boss taking over from Jurgen Klopp at the end of the season.  Klopp’s announcement that he would leaving at the end of the 2023-24 season saw a number of managers linked with the vacant post at Anfield, with Xabi Alonso long-considered the front-runner.  Liverpool have not formally…

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