File. | Photo Credit: C. Venkatachalapathy The rupee appreciated 5 paise to 83.39 against the U.S. dollar in early trade on April 22, supported by a firm trend in domestic equities. Forex traders said the local unit gained ground as the American currency and crude oil prices retreated from their elevated levels. At the interbank … Read more
The federal government’s budget proposal to increase the inclusion rate for the capital gains tax for people whose profits go past a certain threshold has drawn mixed reactions from experts, entrepreneurs and taxpayers. One asset affected by these changes is real estate, including cottages and investment homes. The change proposed in the Trudeau government’s new … Read more
Mumbai: The rupee depreciated 6 paise to 83.58 against the US dollar in early trade on Friday, weighed down by a negative trend in domestic equities and elevated crude oil prices. Forex traders said the strength of the American currency in the overseas market also dented investor sentiments. At the interbank foreign exchange, the rupee … Read more
The hype for Taylor Swift’s new album went into overdrive as it appeared to leak online two days ahead of its Friday release. Swifties started sharing tracks on X that they claimed were from the singer’s upcoming album, The Tortured Poets Department, saying they came from a Google Drive link containing all 17 songs. Some fans … Read more
Mumbai: The rupee plunged 17 paise to hit its lowest level of 83.61 against the US dollar for the second time in four weeks on Tuesday, tracking negative equity markets and a strong greenback against major crosses overseas amid geopolitical tensions. Forex traders said a weak appetite for riskier assets and sustained outflow of foreign … Read more
Mumbai: The rupee depreciated 11 paise to close at 83.53 against the US dollar on Wednesday, as persistent foreign capital outflows and risk-averse sentiment among investors weighed on the local unit. A muted trend in domestic equities and elevated oil prices also dented investor sentiments, forex traders said. At the interbank foreign exchange market, the … Read more
The naira gained at the official market, trading at N1,278.58 to a dollar on Tuesday.Data from the official trading platform of the FMDQ revealed that the naira gained N30.81 or 2.35 per cent, compared to the previous trading date on Thursday, 28 March 2024 just before the Easter holiday at the rate of N1,309.39 against … Read more
The previous peak level was recorded in September 2021 when the country’s foreign exchange reserves reached $642.453 billion. Gold reserves rise $347 million to $51.487 billion during the week ended March 22; special drawing rights (SDRs) were down by $57 million to $18.219 billion India’s forex reserves rose $140 million during the week ended March … Read more
The Governor of Kano State, Abba Yusuf, on Wednesday, announced a N500,000 subsidy for intending pilgrims to the hajj from the state. Mr Yusuf in a statement he posted on his Facebook page said intending pilgrims from Kano who initially deposited their fees for pilgrimage to Mecca will pay N1.4 million as against the N1.9 … Read more
The National Hajj Commission of Nigeria (NAHCON) has once again increased the rate for the 2024 Hajj citing foreign exchange rate adjustment. About 49,000 pilgrims who had earlier paid the old fees of N4.9 million each to the commission are to pay an additional N1.9 million each on or before 28 March, while new registration … Read more
