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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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The Nigerian naira has appreciated following Eurobond sales and the introduction of the Electronic Foreign Exchange Matching System (EFEMS), reaching N1,608/$1. Analysts predict continued strength into early 2025, bolstered by foreign portfolio investments, high treasury bill yields, and...
Air Peace COO, Toyin Olajide, has reported the Federal Competition and Consumer Protection Commission (FCCPC) to the presidency over an investigation into alleged exploitative ticket pricing. Olajide questioned the investigation's criteria, citing high operational costs in Nigeria’s aviation...
![Today's Naira Rate [06-12-2024]: Naira Strengthens to N1,640/$1 in Parallel Market](/data/attachments/211/211064-33d1b6ffcd9089396e8cd2a04cb50eaa.jpg?hash=hFfFcRmkeL)
The Central Bank of Nigeria’s Electronic Foreign Exchange Matching System (EFEMS) has strengthened the naira to N1,587.29/$1 in the official market, driving market transparency and efficiency. Launched in December 2024, EFEMS aims to unify exchange rates, reduce risks, and attract foreign...
Nigeria's largest taxpayers for 2024 have contributed over N800 billion in taxes, marking a 110% increase from 2023. Companies like Dangote Cement, MTN Nigeria, and UBA lead the list, showcasing the impact of Nigeria's largest corporations amid ongoing tax reform discussions.
In the midst of a...
A recent report reveals that 29 Nigerian states spent nearly N2 trillion on recurrent expenses like travel, refreshments, and sitting allowances in 2024. Despite receiving increased federal allocations, states fell short of revenue targets, accumulating massive debt. Experts call for fiscal...
Bitcoin has reached a historic milestone, surpassing $100,000 for the first time since its 2009 launch. The cryptocurrency's market capitalization surged to $3.81 trillion, fueled by optimism over crypto-friendly policies under Donald Trump's leadership. Experts project Bitcoin could hit...
Taiwo Oyedele argues that Nigerian university lecturers should earn N5 million per month, far exceeding their current N400k salary.
On December 4, 2024, Taiwo Oyedele sparked a wave of discussion by proposing that Nigerian university lecturers should be paid N5 million monthly, instead of the...
![Today's Naira Rate [05-12-2024]: Naira Appreciates to N1,695/$ as Demand Drops Ahead of Holidays](/data/attachments/211/211009-eab1fb3d676e2af5c5c71e025958d3db.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate [05-12-2024]: Naira Appreciates to N1,695/$ as Demand Drops Ahead of Holidays
The Naira appreciates to N1,695 per dollar in the parallel market, showing a positive trend as demand decreases with the festive season approaching. It remains stable at N1,672.69 per dollar in NAFEM. Dollar turnover rose, and experts predict Naira stability as the year ends, with a narrowed...
NNPC CEO Mele Kyari defends blending at the Port Harcourt refinery, stating it’s a standard refining process ensuring product quality. He invites skeptics to verify the refinery's operational status and highlights the government’s efforts to revitalize the oil and gas sector, boost investments...
Netflix denies rumors of exiting the Nigerian market, reaffirming its commitment to investing in local content. The claims followed comments by filmmaker Kunle Afolayan about canceled projects. Despite challenges from local competitors and economic pressures, Netflix continues to prioritize...
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