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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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![[VIDEO] Rufai Oseni and Iyin Aboyeji Clash Over Economic Strategies on Arise TV](/data/attachments/209/209440-3ced3182b5fd26086cae5ae1b1f52c49.jpg?hash=2Ga7EkXuo7)
In a recent Arise TV interview, Flutterwave founder Iyin Aboyeji argued that Nigeria's weak Naira benefits the economy, despite concerns about purchasing power and minimum wage issues. Rufai Oseni challenged Aboyeji’s claims, citing the impact of inflation and the difficulties of automation in a...
The IMF has reduced Nigeria's growth forecast for 2024 to 2.9%, down from 3.3%, citing low crude oil production and severe flooding as primary factors. The report highlights persistent inflation challenges, projecting Nigeria’s inflation rate to stabilize at 25% in 2025 amid ongoing economic...
In mid-2024, African countries are grappling with high debt-to-GDP ratios due to excessive borrowing, economic mismanagement, and political instability. Eritrea, Sudan, and Zambia top the list, with debts exceeding their economic output.
In mid-2024, many African nations face mounting debt due...
![Today's Naira Rate [22-10-2024]: Naira Climbs to ₦1,715 in Parallel Market Amid Rising Dollar Trading Volume](/data/attachments/209/209423-060f268af27363b5a828adb57ad43123.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate [22-10-2024]: Naira Climbs to ₦1,715 in Parallel Market Amid Rising Dollar Trading Volume
The Naira appreciated in the parallel market, trading at ₦1,715 per dollar on October 21, while depreciating in the Nigerian Autonomous Foreign Exchange Market (NAFEM) to ₦1,603.16. Central Bank Governor Olayemi Cardoso highlighted the potential benefits of a weaker Naira for boosting exports...
MTN Nigeria's CEO, Karl Toriola, warns that banks could face disconnection from USSD services due to rising debts totaling N250 billion. He urges for urgent tariff adjustments to prevent dire consequences for the telecom industry, which is currently struggling with unsustainable financial...
Nigeria
Allen Onyema: Nigerians on X React as Business Day Deletes Post Alleging Airpeace CEO's Acquittal in the US
Nigerians on social media react to Business Day's deleted post about Air Peace CEO Allen Onyema's alleged acquittal in the US. Many confirm the story is outdated, sparking discussions on media responsibility.
Nigerians on social media platform X have been reacting to the sudden deletion of a...
The Dangote Group plans to withdraw its ₦100 billion lawsuit against NMDPRA and others after conciliatory talks initiated by President Bola Tinubu. The lawsuit, challenging import licenses granted to competitors, is deemed outdated by the group, which seeks to foster collaboration in Nigeria's...
Dangote Refinery has filed a lawsuit against the NMDPRA, seeking to annul import licenses granted to several companies for petroleum products already produced domestically. The refinery claims these actions undermine its operations, demanding N100 billion in damages and an injunction against...
The UK has responded to Nigeria's request for Air Peace to secure landing slots at Heathrow Airport. In a letter from Nigeria’s Minister of Aviation, Festus Keyamo, the UK expressed willingness to discuss slot allocation, aiming for equitable access during upcoming international aviation...
The District Court in Atlanta acquitted Allen Onyema, CEO of Air Peace, of business fraud after a thorough investigation, declaring no financial loss to banks. However, Ebony Mayfield, a former employee, received a $4,000 fine and probation after pleading guilty to a single count related to the...
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