TIME 100 GLOBAL HONOUR: LAGOS TOURISM MINISTRY SALUTES MO ABUDU. (PHOTO). #PRESS RELEASE.

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 TIME 100 GLOBAL HONOUR: LAGOS TOURISM MINISTRY SALUTES MO ABUDU The Lagos State Commissioner for Tourism, Arts and Culture, Mrs. Toke Benson-Awoyinka, on behalf of the Ministry, has extended heartfelt congratulations to Ms. Mo Abudu, Founder and Chief Executive Officer of EbonyLife Group, on her prestigious recognition as one of TIME Magazine's 100 Most Influential People in the World for 2025. Describing the honour as remarkable and well-deserved, the Commissioner applauded Ms. Abudu for her unparalleled impact on the global creative landscape through storytelling, media innovation, and a deep-rooted commitment to changing the African narrative. Mrs. Benson-Awoyinka noted that Ms. Abudu’s latest recognition stands as a proud moment for Lagos State and the Nigerian film industry, affirming the vibrancy and excellence of local talent on a world-class platform. “Mo Abudu’s trailblazing work continues to redefine what is possible within Africa’s creative economy. Her journey is a pow...
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NAIRA DEPRECISTES TO N1, 610/$ IN PARALLEL MARKET. (PHOTO).

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 Naira depreciates to N1,610/$ in parallel market


The Naira on Friday depreciated to N1,610 per dollar in the parallel market from N1,580 per dollar on Thursday.


Similarly, the Naira yesterday depreciated to N1,609.29 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.


Data from FMDQ showed that the indicative exchange rate for NAFEM  rose to N1,609.29  per dollar from N1,603.8  per dollar on Thursday, indicating N5.49 kobo depreciation for the naira.


The volume of dollars traded (turnover) in the market increased by 28.6 percent to $168.63 million from $131.09 million traded on Thursday .


Consequently, the margin between the parallel market and NAFEM rate narrowed to 71 kobo  per dollar from N18.8 per dollar  on Thursday.

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