Currency volatility: Official exchange rate appreciates by 5.22% as intra-day high records N1778/$1  

The Naira experienced a notable appreciation against the US dollar on February 26, 2024, as official exchange rate strengthened by 5.22% to N1582.94/$1.  However, the Naira experienced heightened demand pressure, resulting in an intra-day high of N1,778 against the dollar.   This increase exacerbated the ongoing depreciation trend of Nigeria’s currency, highlighting the volatility and challenges […] More

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ITU secures $9 billion commitments from mobile operators to expand global connectivity 

The International Telecommunications Union (ITU) said it has secured commitments totaling $9 billion from mobile operators to expand global connectivity.   ITU Secretary-General, Doreen Bogdan-Martin, announced this on the sidelines of the Mobile World Congress (MWC) on Monday. According to a statement from the union, these commitments build on the mobile industry’s strong support for ITU’s […] More

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