Ayomide Kuku

Naira Skids to N1,398 Against Dollar

Naira Trades Within Narrow Band Amid Market Caution

The Nigerian naira holds steady in both official and parallel foreign exchange markets this week. Official rates at the Nigerian Foreign Exchange Market (NFEM) hover between ₦1,350 and ₦1,355 per dollar. This performance reflects the Central Bank of Nigeria’s managed float system. The regulator attempts to curb sharp volatility through intermittent interventions. Market sentiment remains…

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Pension Investments in Federal Debt Hit N16.9 Trillion

PenCom Warns of Job Scams as Pension Assets Hit N29.43tn

The National Pension Commission (PenCom) has raised an alarm over a surge in recruitment fraud targeting job seekers. In a statement released on Tuesday, fraudsters are increasingly impersonating senior officials, including the Director-General, to lure victims via WhatsApp, email, and phone calls. These scammers often demand sensitive personal documents under the guise of a 48-hour…

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