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Article 'Cosmas Maduka: Street Preaching Keeps Me Grounded as a Billionaire'- Nigeria News
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Article 'Air Peace: Why One-Hour Domestic Flights Should Cost Up to N700,000'- Nigeria News
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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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Access Bank has agreed to acquire a 100% stake in South Africa's Bidvest Bank for $665 million in assets, enhancing its footprint in the Southern African market. The deal, set to close in 2025, supports Access Bank's expansion strategy and will foster regional economic integration and growth...
Elon Musk has become the first person in history to amass a $400 billion fortune, with a net worth of $440 billion. His wealth surged due to a SpaceX share sale, Tesla stock growth, and the success of his AI company, xAI. He remains the world’s wealthiest individual.
Elon Musk has made history...
Nigeria’s Power Minister, Adebayo Adelabu, announces that 150MW will be added to the national grid before the end of 2024. This follows the successful pilot phase of the Presidential Power Initiative, with 750MW added to transmission capacity, addressing the country’s power grid challenges...
Nigeria has retained its position as Africa's top oil producer, with a rise in output to 1.48 million barrels per day in November 2024. The country's production surpassed Algeria and Congo, continuing its leadership in the African oil sector, according to OPEC and the Nigerian Upstream Petroleum...
![Today's Naira Rate [12-12-2024]: Naira Slips to N1,720/$ as FX Rate Gap Widens by N175](/data/attachments/211/211289-4523aaaef2728cb1682e6b0e5d6eacb3.jpg?hash=hFfFcRmkeL)
The naira depreciated to N1,720 per dollar in the parallel FX market on December 11, 2024, widening the gap between official and parallel rates to N175. This marks a continuation of the naira's decline, which has affected both markets amid economic uncertainty in Nigeria.
The naira has continued...
On December 11, 2024, WhatsApp, Instagram, and Facebook experienced a global outage, affecting millions of users. Meta confirmed the issue and assured users that services were being restored. The disruption sparked widespread frustration as users struggled to access messages and posts, with Meta...
![Today's Naira Rate [11-12-2024]: Naira Loses Ground Amid Speculative Trading, Hits N1,780 Per Dollar](/data/attachments/211/211247-18f7ebee5842e1599b5bb6d7ed614446.jpg?hash=hFfFcRmkeL)
Nigeria
Today's Naira Rate [11-12-2024]: Naira Loses Ground Amid Speculative Trading, Hits N1,780 Per Dollar
The Nigerian Naira fell sharply from N1,600 to N1,780 per dollar in the black market, reversing recent gains. Bureau de Change operators and digital platforms reported volatile rates, with speculators blamed for the decline. Analysts urge stronger policies to stabilize the forex market and...
The US Embassy in Nigeria will require immigrant visa applicants to visit the Lagos Consulate General twice, starting January 1, 2025. The new process includes an in-person document review to ensure complete documentation and avoid delays, followed by the visa interview. Applicants must adhere...
Ademola Adeyemi-Bero has been appointed OPEC Board of Governors Chairman for 2025 and Nigeria's OPEC Governor. This decision highlights Nigeria's influence in global energy discussions. OPEC also extended Nigeria's 1.5 million barrels per day oil quota until 2026 and reappointed Haitham Al Ghais...
Nigeria's Central Bank fined fintech giants Moniepoint and OPay ₦1 billion each in the second quarter of 2024 for regulatory violations. This follows increased scrutiny of the fintech sector, with concerns over compliance with licensing and Know Your Customer (KYC) standards. Other fintech firms...
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