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![Today's Naira Rate[16-11-2024]: Nigerian Naira Faces Steep Decline, Parallel Market Hits N1,750/$](/data/attachments/210/210283-5e995ef978efd380c57591c54b3dddf2.jpg?hash=FHqxQvjPSE)
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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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The Nigerian National Petroleum Company Limited (NNPCL) has commenced the supply of crude oil for the test-running phase of the Port Harcourt Refining Company Limited, marking a significant step in the nation's energy landscape. Oil marketers confirm that the refinery is expected to supply...
In a surprising move that has stirred controversy, the Nigerian Investment Promotion Commission (NIPC) announced the approval of tax holidays for 34 companies seeking tax incentives and waivers under the Industrial Development Income Tax Act for the year 2023. This revelation was made by Lovina...
In a dramatic turn of events, the Nigerian Naira has plummeted to an unprecedented low, exchanging at N1043.09 to the dollar at the official foreign exchange market.
This shocking depreciation marks a significant decline from N872.59/$ recorded just a day earlier. According to market experts...
A wave of closures has swept through the Nigerian startup landscape, leaving nine innovative companies shuttered despite accumulating over $70 million in investor funds over the last two years.
From Pivo's sudden demise, despite raising $2.6 million, to the unexpected shutdown of Lazerpay...
The Financial Intelligence Unit (FIU) under the Finance Ministry has issued show cause notices to nine offshore cryptocurrency and virtual digital assets platforms, including major players like Binance and Kucoin, for non-compliance with anti-money laundering laws.
The FIU, responsible for...
Zenith Bank Plc has been honored as "Best Bank for Digital Solutions in Nigeria" at the Euromoney Awards for Excellence 2023. The recognition underscores the bank's pioneering efforts and outstanding accomplishments in delivering cutting-edge digital financial solutions.
Dr. Ebenezer Onyeagwu...
In a dramatic turn of events in the ongoing Union Bank controversy, Jim Obazee, the Special Investigator appointed by President Bola Tinubu to probe the Central Bank of Nigeria (CBN), has unequivocally rejected a plea by Titan Trust Bank (TTB) Chairman, Tunde Lemo, and two major investors to...
The Nigerian Naira faced contrasting fates in currency markets. The parallel market recorded a depreciation, with the naira sliding to N1,230 per dollar, a slight dip from N1,225 per dollar the previous week. On the other hand, in the official Nigerian Foreign Exchange Market (NAFEM), the naira...
Nigeria
Nigeria Fines British American Tobacco $110 Million for Market Abuse and Health Standard Violations
In a significant regulatory move, Nigeria's Competition Commission (NCC) has mandated British American Tobacco (BAT) to pay a staggering $110 million penalty. The Federal Competition & Consumer Protection Commission (FCCPC) revealed this directive, accusing BAT, the manufacturer of Lucky Strike...
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