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News - Nairametrics
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                              The Nigerian naira has strengthened to N1550 in the parallel market marking a significant improvement from its previous rate of N5000. This increase is attributed to several factors including increased dollar supply from oil sales improved investor confidence and the Central Bank of Nigerias (CBN) efforts to stabilize the currency. The CBN has implemented various measures such as providing forex to businesses and restricting access to forex for certain imports to support the nairas value. This strengthening of the naira is positive news for the Nigerian economy as it will help reduce inflation and boost economic growth. However experts warn that sustained efforts are needed to maintain this progress.

                              • The Nigerian naira has strengthened to N1550 in the parallel market marking a significant improvement from its previous rate of N5000.

                                This increase is attributed to several factors including increased dollar supply from oil sales improved investor confidence and the Central Bank of Nigerias (CBN) efforts to stabilize the currency.

                                The CBN has implemented various measures such as providing forex to businesses and restricting access to forex for certain imports to support the nairas value.

                                This strengthening of the naira is positive news for the Nigerian economy as it will help reduce inflation and boost economic growth.

                                However experts warn that sustained efforts are needed to maintain this progress.

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                                States reject move to amend 2023 Electricity Act, that ‘reintroduces subsidies’

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                                  FG suspends recruitment into paramilitary agencies, to reopen portal on July 21

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                                    Portugal has announced plans to upgrade its job seeker visa program in 2026 with a focus on attracting skilled workers in the technology and healthcare industries. The new program aims to make it easier for foreign professionals to obtain work permits and residency in Portugal as the country looks to boost its economy and address labor shortages in these crucial sectors. The changes will include streamlining the application process and providing more support for job seekers as well as offering incentives for companies to hire foreign workers. This move is seen as a positive step towards making Portugal a more attractive destination for skilled workers.

                                    • Portugal has announced plans to upgrade its job seeker visa program in 2026 with a focus on attracting skilled workers in the technology and healthcare industries.

                                      The new program aims to make it easier for foreign professionals to obtain work permits and residency in Portugal as the country looks to boost its economy and address labor shortages in these crucial sectors.

                                      The changes will include streamlining the application process and providing more support for job seekers as well as offering incentives for companies to hire foreign workers.

                                      This move is seen as a positive step towards making Portugal a more attractive destination for skilled workers.

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                                      PalmPay, Moniepoint, OPay named in CNBC’s top global fintechs 2025

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                                        FirstHoldCo records N323.4 billion off-market block trade amid speculated exit of major shareholder

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                                          Tech GDP: How Nigeria’s digital economy fared under late former President Muhammadu Buhari

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                                            EFCC secures jail term, forfeiture of N653 million from traveller who concealed cash at Kano Airport

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                                              FG adopts front-of-pack labelling to tackle diet-related diseases and cut NCD deaths

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                                                FG to end fish importation, create jobs and boost food security through aquaculture

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                                                  Elon Musk’s xAI seeks top-tier multimedia engineers for Grok avatar team with salaries up to $440,000

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                                                    Canada to issue 10,000 Parents and Grandparents Program sponsorship from July 28

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                                                      BBNaija season 10 to launch July 26 with N150 million grand prize