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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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The US Supreme Court has upheld a law banning TikTok unless its Chinese parent company, ByteDance, sells the platform by January 19, 2025. The ruling, which cites national security concerns, could restrict TikTok access for over 170 million American users if the company fails to comply.
The...
Dangote Refinery has increased petrol prices to N955 per litre for bulk buyers, effective January 17, 2025. The hike, driven by rising global crude oil prices, applies to all unsold stock and pending orders. Bulk purchases exceeding 5 million litres will enjoy a slightly reduced rate of N950 per...
Landmark Africa has partnered with Enugu State Government to manage and rejuvenate the Nike Lake Resort. This joint venture aims to transform the 150-hectare resort into a world-class tourism and leisure destination, restoring its former glory as a hotel, convention center, and recreational...
The Federal Government has assured Nigerians that the Abuja-Kaduna-Kano dual carriageway will be ready within 14 months. The project includes reinforced concrete roads, solar lighting, and improved drainage. Divided into three segments, it underscores President Tinubu’s commitment to...
The World Bank projects Nigeria's economy to grow by 3.6% annually in 2025-2026, driven by federal reforms like subsidy removal and exchange rate unification. The services sector and increasing oil production will play key roles, while inflation is expected to ease, enhancing consumption and...
OPEC reports that the Dangote Refinery's fuel production, particularly gasoline, is impacting the European market. The refinery's operational ramp-up has reduced Nigeria's reliance on imports, leading to shifts in international fuel trade. The refinery is expected to continue affecting global...
![Today's Naira Rate [16-01-2025]: Naira Depreciates Across Markets as Parallel Rate Hits N1,670/$](/data/attachments/212/212467-7ad061fd1f2730f2dc92b5294d057d7b.jpg?hash=hFfFcRmkeL)
Nigeria
Today's Naira Rate [16-01-2025]: Naira Depreciates Across Markets as Parallel Rate Hits N1,670/$
The Naira has depreciated to N1,670 per dollar in the parallel market, while its official rate stands at N1,550 per dollar. This shift reflects the widening gap between the parallel and official exchange markets, as reported by the Central Bank of Nigeria.
The Naira experienced further...
LemFi, a remittance-focused fintech, has raised $53 million in Series B funding to expand its operations into Europe. The investment will help strengthen its global payment network, introduce localized services, and support talent acquisition. LemFi processes $1 billion monthly and serves...
Nigeria’s Minister of Communications, Bosun Tijani, announced that telecommunications tariff increases will be limited to 60%, rejecting telcos' demand for a 100% hike. He emphasized sustainability, local content development, and tax reforms to support the telecom sector while protecting...
The NBS website is back online after a cyberattack that lasted 29 days, raising concerns about data security. The hack followed the release of a controversial crime report. The attack has caused delays in policy meetings and sparked fears about the integrity of critical economic data.
The...
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