By Magnus Effiong The Mayor of Calabar, Apostle James Anam, has said he was poised to replicate the Abuja’s new Wuse market at the Marian (aka Ika Ika Oqua) and Ikot Ishie markets with ultramodern structures and transform the two markets to conform with the tourism inclination of the Cross River state government Apostle Anam,…
The Nigerian currency, the naira, shed N18 against the United States dollar at the official market on Thursday. Data from the Central Bank of Nigeria (CBN) Foreign exchange showed that the naira traded N1, 629.93/$1 as against the N1, 611.55/$1 recorded on Wednesday. This represents a loss of N18.38 for the local currency. On the…
L-R: Deputy Governor of Cross River State, Rt. Hon. Peter Odey, Governor Bassey Otu, President, AfDB, Dr. Akinwumi Adesina and his wife at the state banquet in Calabar. By Anietie Akpan Partnering African Development Bank (AfDB), Cross River will soon become a major business hub in West Africa and the Gulf of Guinea. To actualise…
The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to commence the payment of the first tranche of liquidation dividends to depositors of Heritage Bank starting this April. This follows the revocation of Heritage Bank’s operating licence by the Central Bank of Nigeria (CBN) on June 3, 2024. Managing Director of NDIC, Mr Bello Hassan,…
The Nigerian currency, the naira, depreciated against the American dollar at the black market on Wednesday, April 9, 2025. This is even as there is no official rates from the Central Bank of Nigeria (CBN) Foreign exchange data several hours after the market closed. On the black market, the naira fell to N1,620/$1 as against…
