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Article 'Dangote Tops Africa’s Billionaires as Rabiu, Otedola, Adenuga Make Forbes’ 2025 List'- Nigeria News
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Article 'Filling Stations in Lagos Increase Petrol Prices by N70, Reaching N930 per Litre'- Nigeria News
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Article 'Petrol Price Hike: Nigerians Groan as Pump Rate Hits N970 Per Litre'- Nigeria News
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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
- akeri akpokabowei
China has announced a 34% tariff on all US goods starting April 10, following the US's imposition of steep tariffs on Chinese products. The move includes export controls on rare earth elements and a potential WTO lawsuit. This marks an escalation in the ongoing US-China trade dispute.
In a move...
![Today's Naira Rate [04-04-2025]: Trump’s Tariff War Triggers Naira’s Sharp Drop to N1,552.53 Against Dollar](/data/attachments/215/215101-f3c498ec2bc99b1f97c09b2d6676042c.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate [04-04-2025]: Trump’s Tariff War Triggers Naira’s Sharp Drop to N1,552.53 Against Dollar
The Nigerian naira recorded its largest depreciation this week, falling to N1,552.53 per dollar in the official market, largely due to U.S. President Trump’s tariff announcements. Despite a strong foreign exchange reserve, the new tariffs have sent shockwaves through Nigeria’s economy, weakening...
Forbes’ 2025 list of Black billionaires features six Nigerians, including Aliko Dangote, Mike Adenuga, and Femi Otedola. These influential figures have amassed significant wealth in sectors like energy, telecommunications, and infrastructure, highlighting Nigeria’s growing prominence in the...
New NNPCL CEO, Bayo Ojulari, is set to implement major reforms, with reports indicating a restructuring across subsidiaries. Experts urge him to prioritize governance, investment, and efficiency. Analysts highlight the need for transparency, refinery upgrades, and reduced political interference...
The CBN has refuted claims of introducing ₦5,000 and ₦10,000 notes following a viral fake circular. The bank urged the public to verify information through its official channels. This incident follows previous concerns over counterfeit currency in Nigeria, reinforcing the importance of official...
NNPC has raised petrol prices to N950/litre in Abuja and N925/litre in Lagos, marking a significant hike. The move follows Dangote Refinery’s halt of sales in naira and ongoing negotiations for a new naira-for-crude deal. Commuters and residents express concerns over rising fuel costs in...
Sterling Bank has eliminated transfer charges for local online transactions, making it the first major Nigerian bank to implement a zero-fee policy. The move has sparked widespread public approval and pressure on other banks to follow suit, redefining digital banking with a customer-focused...
Cadbury Nigeria reports a N22.2 billion loss for the 2024 fiscal year, a slight decrease from the previous year’s N22.4 billion loss. Despite a 61% revenue growth to N129 billion, the company faced a 24% drop in operating income and a 57% decrease in equity, signaling financial challenges...
Trump's administration begins mass layoffs at the FDA, CDC, and NIH, affecting 10,000 employees to reduce government spending. The cuts, including top officials and health experts, raise concerns about the future of public health response, particularly amidst ongoing health crises like measles...
The SEC has warned that Ponzi scheme operators in Nigeria could face a 10-year jail term and N20 million fine under the new Investments and Securities Act 2025. The new law strengthens enforcement measures to protect investors and ensure market integrity, with additional provisions for...
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