Sentences with phrase «of the naira recorded»
Last week, the value of the Naira recorded the highest and fastest gain of 11.9 per cent, at parallel market, in over three years.
http://nigeriapoliticsonline.com/ Not exact matches
We established the Agro Rangers Unit within the Nigeria Security and Civil Defence Corps to protect the billions of naira of investments recorded in Nigeria's agricultural sector across the country.
It also recorded a loss of 60.67 million naira ($ 304,905) in August.
Traders in the market expressed concern about the depreciation of the Naira in spite the gains earlier recorded.
Notwithstanding the impact of Naira devaluation and double digit inflation in Nigeria and a number of other African countries where UBA operates, the Group managed through its cost lines to deliver a sterling Profit Before tax (PBT) ofN57.5 billion, representing a significant growth of 65.5 percent over N34.8 billion recorded in the corresponding period of June 2016.
Interestingly as properties worth billions of Naira are lost to natural disasters, fewer deaths are recorded.
«LASEMA, in the last one year had responded to numerous fire incidents, road accidents, flooding, illegal parked trucks, gas explosion / emission amongst other emergencies in record time, thereby saving lots of lives and properties worth millions of naira,» Oladejo said.
«In sheer unimaginable falsehood the House records reads, «this honorable House do resolve to authorize the state government to obtain loans of one billion naira and ten billion naira respectively from UBA Plc to re-finance facility from GTB and fund infrastructural projects in the state».
Africa's biggest economy and top oil producer is reeling from the fall in crude revenues, the source of 95 percent of foreign earnings, which has led to the naira hitting record lows on the parallel market amid dwindling foreign exchange reserves.
Last week the naira — hit by a foreign exchange scarcity in the face of low oil receipts — fell to a record low of 305 to the dollar on the parallel market, compared with the official rate of 197.