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Article 'FG Opens Recruitment for Federal Civil Service Positions – Deadline March 10, 2025'- Nigeria News
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Article 'Today's Naira Rate (23-01-2025): Naira Struggles as Black Market Rates Hit N1660'- Nigeria News
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Bento Africa CEO Ebun Okubanjo has resigned amid EFCC and LIRS investigations into alleged tax and pension remittance failures. He also relinquished his equity and plans to launch a new AI startup. Bento faces allegations of withholding ₦50 million in taxes, raising concerns over its financial...
![Today's Naira Rate [30-01-2025]: Naira Hits N1,510 Officially, N1,625 Parallel as CBN’s FX Code Takes Effect](/data/attachments/212/212937-2c1c62a76fa4a4cbdc25e78c664b6b62.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate [30-01-2025]: Naira Hits N1,510 Officially, N1,625 Parallel as CBN’s FX Code Takes Effect
The naira appreciated N1,510 in the official market and N1,625 in the parallel market after the CBN launched its FX Code to enhance liquidity and transparency. This development comes amid a $1.13 billion drop in Nigeria’s external reserves, as the CBN aims to stabilize the volatile FX market...
The Nigeria Civil Aviation Authority (NCAA) has suspended MaxAir's domestic operations for three months starting January 31, 2025, following a tyre burst incident on one of its planes at Mallam Aminu Kano International Airport. The suspension will allow for safety and economic audits before the...
LemFi, a Nigerian remittance startup, has acquired Bureau Buttercrane, an Irish currency exchange service, with approval from the Central Bank of Ireland. This acquisition allows LemFi to expand into the European market, ensuring compliant operations across the European Economic Area (EEA) and...
![Today's Naira Rate [29-01-2025]: Naira Strengthens to ₦1,640/$ as Central Bank Reforms Take Effect](/data/attachments/212/212887-ae4c53b753b3bb5f9c93ec1a4c7b6405.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate [29-01-2025]: Naira Strengthens to ₦1,640/$ as Central Bank Reforms Take Effect
The Nigerian naira strengthens to ₦1,640 per dollar in the parallel market, reflecting positive trends amid ongoing reforms by the Central Bank of Nigeria (CBN). The CBN’s policy interventions, including the launch of EFEMS and the FX code, are expected to stabilize the currency and attract...
Nigerians are challenging the NCC’s 50% telecom tariff hike in court, with NATCOMS and SERAP filing lawsuits against the increase. While telecom operators justify the move as necessary for sustainability, critics argue it worsens economic hardships. The legal battle highlights growing tensions...
NiDCOM urges Nigerians in the diaspora to invest in their home country, highlighting the importance of resources, skills, and networks they can contribute to Nigeria's development. Officials also caution about the potential risks of international immigration policies, emphasizing Nigeria as the...
The Dangote Refinery is set to import 12 million barrels of US crude in February to address shortfalls in local supply. The $20 billion facility targets full capacity by mid-2025, with storage expansion underway to support operations. The naira-for-crude policy aids procurement but relies...
Zenith Bank has raised ₦350.46 billion via a hybrid offer, surpassing the Central Bank of Nigeria's ₦500 billion capital requirement. The funds will support expansion, technology investments, and growth initiatives, solidifying the bank's leadership in Nigeria's financial sector and meeting...
Nigerian Minister Nentawe Yilwatda claims politicians are pressuring to manipulate the cash transfer register for political gain. Stressing transparency, the government mandates NIN and BVN for digital transfers, with CSOs verifying payments. Out of 19.8 million on the social register, only 1.2...
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