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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
- akeri akpokabowei
Dangote Cement has invested over $280 million in compressed natural gas (CNG) technology, becoming Nigeria's largest operator of CNG trucks. This initiative supports President Tinubu's drive for cleaner energy, aims to transition the fleet to CNG by 2026, and aligns with Nigeria's climate goals...
![Today's Naira Rate[28-10-2024]: Naira Plummets to N1,740 as Economic Stability Wavers](/data/attachments/209/209591-55c6b3b9b48c9727e0eab9cd8642d5bf.jpg?hash=PERHMQHP25)
The Nigerian naira has plunged to N1,740 per dollar in the parallel market, reversing earlier gains and raising concerns over economic stability. Minor appreciation was noted in the NAFEM, but analysts warn that supply shortages and increasing demand could lead to further depreciation in the...
![Today's Naira Rate[26-10-2024]: Naira Falls to N1,740/$ in Parallel Market as Official Rates Show Mixed Signals](/data/attachments/209/209550-8e774d4b46f10d5320d33103cc295370.jpg?hash=hFfFcRmkeL)
Nigeria
Today's Naira Rate[26-10-2024]: Naira Falls to N1,740/$ in Parallel Market as Official Rates Show Mixed Signals
The Naira depreciated to N1,740 per dollar in the parallel market while appreciating to N1,601.2 in the Nigerian Autonomous Foreign Exchange Market. Trading volume in the official market increased by 23%, widening the gap between parallel and official rates to N140 per dollar, signaling ongoing...
The IMF recently clarified that it had no involvement in Nigeria’s decision to remove fuel subsidies, emphasizing that the policy was a domestic choice. During a press conference, IMF's Abebe Selassie highlighted the need for social investments to mitigate the impact on vulnerable Nigerians amid...
Nigeria
TAJ Bank: Nigeria’s Ethical Banking Revolution – Non-Interest, Customer-Focused, and Innovative
TAJBank, Nigeria’s foremost non-interest financial institution, has firmly established itself as a leader in Sharia-compliant, ethical banking solutions. Since its inception, TAJBank has stood out in Nigeria’s economic landscape by providing a broad range of non-interest banking services...
![Today's Naira Rate[25-10-2024]: Naira Hits N1,739/$ in Parallel Market](/data/attachments/209/209508-860af933db8f0e136367e45ab10c9013.jpg?hash=PERHMQHP25)
The Naira has depreciated to N1,739 per dollar in the parallel market, reflecting ongoing currency volatility. Conversely, it appreciated to N1,601.2 in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Trading volumes in the official market surged 69%, highlighting significant market...
The Central Bank of Nigeria has confirmed there is no deadline for using old naira notes, dismissing rumors of a December 31, 2024 cutoff. Both old and redesigned naira bills remain legal tender indefinitely, in line with a Supreme Court ruling, and the CBN encourages digital payment...
Air Peace, one of Nigeria’s largest airlines, will increase domestic flight fares starting November 1, 2024. A leaked internal memo reveals price hikes across business and economy classes due to rising operational costs and economic pressures. Existing fares apply until October 31, with no-show...
The Nigerian government plans to progressively raise the Value Added Tax (VAT) from 7.5% to 15% as part of efforts to enhance local revenue and strengthen public finance. This change aims to improve tax compliance and expand the tax base amid low tax-to-GDP ratios in the country.
The Nigerian...
The Nigerian House of Representatives has urged the Central Bank to withdraw old Naira notes and enhance the circulation of new N200, N500, and N1000 notes. Lawmakers emphasized the need for public awareness ahead of the December 31, 2024 deadline, reflecting on past currency redesign...
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