Economic Boost: Naira Appreciates by 0.6% at Official Exchange Market

On Monday, the Naira appreciated in the official market, trading at N1,607.15 to the dollar. Data from the FMDQ Exchange, the platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), indicated that the Naira gained N9.93. This marks a 0.61% increase compared to the previous trading day on August 2, when the Naira... Read More

JAPA: Canada’s Unemployment Rate Rises Despite Addition of 27,000 New Jobs

In a surprising twist for the Canadian job market, the country added 27,000 new jobs in May, yet the unemployment rate rose to 5.2%, up from 5.0% in April. This paradoxical development underscores the complexities of the labor market and raises questions about underlying economic conditions. According to Statistics Canada, the new job additions... Read More