Niger: SWOFON To Benefit From Oxfam Award — Official

Published

8 months ago

April 22, 2024

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Niger: SWOFON To Benefit From Oxfam Award — Official—-The Federal Ministry of Agriculture and Food Security, says it will facilitate the participation of members of Smallholder Women Farmers Organisation of Nigeria (SWOFON) in Niger, in the Oxfam annual award.

Dr Ladan Suleiman, the State Coordinator of the ministry, disclosed this in an interview with the News Agency of Nigeria (NAN) on Sunday in Minna.

“We will help the smallholder women farmers in Niger to register for the Oxfam annual award.

“It is known as the Ogbonge Award, established in 2012 to recognise the small-scale women farmers for what they have done to develop agriculture and to encourage them,” he said.

Suleiman said the measure would also help in ensuring food security in the country.

He explained that the women farmers selected would have the opportunity of traveling abroad to attend international conferences to voice out issues concerning women.

The coordinator said that all the smallholder women farmers in the 25 Local Government Areas of the state would be captured in the exercise.

He said that Oxfam is a British Non-Governmental Organisation (NGO), collaborating with the ministry to encourage the small-scale women farmers.

Responding, Mrs Grace Disa, the State Coordinator, SWOFON, promised that the women farmers would utilise the opportunity to improve their farming activities.

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Economy

Naira Appreciates Against Dollar Across Exchange Markets

Published

2 weeks ago

November 27, 2024

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Naira Appreciates Against Dollar Across Exchange Markets—-The Naira witnessed a notable gain in value yesterday, marking a positive shift in Nigeria’s currency exchange rates.

In the parallel market, the Naira strengthened to N1,755 per dollar, an improvement from N1,770 per dollar recorded on Monday.

Similarly, the Nigerian Autonomous Foreign Exchange Market (NAFEM) reported a significant rise, with the exchange rate appreciating to N1,659.44 per dollar, compared to N1,675.62 per dollar earlier in the week.

According to data from FMDQ, the Naira gained N16.18 in the NAFEM market. This improvement was accompanied by a substantial increase in dollar trading activity, with the daily turnover soaring by 219.5% to $425.98 million, up from $108.79 million on Monday.

As a result of these developments, the gap between the parallel market rate and the NAFEM rate narrowed considerably to N95.56 per dollar, down from N117.38 per dollar on Monday. This convergence signals a positive trend in stabilizing exchange rates in Nigeria.

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Economy

Naira Depreciates Again, Trades At N1750/1$ In Parallel Market

Published

2 weeks ago

November 23, 2024

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Naira Depreciates Again, Trades At N1750/1$ In Parallel Market—-The Nigerian currency, Naira, on Friday depreciated to N1,750 per dollar in the parallel market from N1,745 per dollar on Thursday.

But the Naira appreciated to N1,652.62 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.

Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,652.62 per dollar from N1,658.67 per dollar on Thursday, indicating N6.05 appreciation for the naira.

The market recorded an intraday high of N1,703 per dollar and an intraday low of N1,640 per dollar
The volume of dollars traded (turnover) grew by 48.5 percent to $243.05 million from $163.66 million traded on Thursday.

Consequently, the margin between the parallel market and NAFEM rate widened to N97.38 per dollar from N86.33 per dollar on Thursday.

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