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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
- akeri akpokabowei
In a significant legal development, the Business and Property Court in London ruled in favor of Nigeria, bringing an end to the $11 billion lawsuit filed by Process & Industrial Developments (P&ID) Ltd against the federal government of Nigeria. The judgment was delivered by Judge Robin Knowles...
The exchange rate between the Nigerian naira and the United States dollar opened the trading week with a lot of chatter in the financial circles. As Nairametrics reported, the rate began at N1,200/$1 on peer-to-peer (P2P) platforms, setting the tone for an eventful week. However, as noon...
Nigeria
Naira Weakens to N1,186/$1 in P2P Market Amidst Persistent Forex Woes and Global Economic Concerns
In recent days, Nigeria's currency, the Naira, has been on a tumultuous ride due to a surge in demand for the safe-haven US dollar. The official exchange rate in the country witnessed a fresh low, and the situation worsened on the unofficial market, where the Naira's exchange rate reached N1,186...
Nigeria
Naira Weakens to N1,186/$1 in P2P Market Amidst Persistent Forex Woes and Global Economic Concerns
In recent days, Nigeria's currency, the Naira, has been on a tumultuous ride due to a surge in demand for the safe-haven US dollar. The official exchange rate in the country witnessed a fresh low, and the situation worsened on the unofficial market, where the Naira's exchange rate reached N1,186...
Industries across the nation are grappling with immense challenges as the Nigerian naira continues its sharp decline against the U.S. dollar. The unofficial exchange rate in Lagos and Abuja recently reached between N1,150 and N1,155 per dollar. This alarming trend is causing significant distress...
Photo by Giorgio Trovato on Unsplash
Nigeria is currently facing a persistent scarcity of dollars, which has resulted in a record net foreign exchange loss of N452 billion for major consumer goods companies, according to a detailed analysis by Premium Times Nigeria. The currency exchange policy...
Nigeria
Nigerian National Petroleum Company Appoints Olufemi Soneye as Chief Corporate Communications Officer
The Nigerian National Petroleum Company Limited (NNPCL) has appointed Olufemi Soneye as its Chief Corporate Communications Officer. The announcement was made in a statement released by the NNPCL. Mr. Soneye, a seasoned journalist with experience at respected publications in Nigeria, Australia...
Nigeria
Loss to the Financial Community: Olabode Agusto, Nigeria’s Credit Rating Stalwart, Dead at 68
Olabode Agusto, the esteemed founder of Agusto & Co. Limited, has passed away at 68, although the cause of his death has not been disclosed. Agusto was influential in Nigeria's economic landscape, having worked in the private and public sectors for over three decades.
According to TheCable...
In a distressing economic downturn, Nigeria's naira has reached an all-time low against the dollar, trading at 999 on the official market, as reported by Reuters. This significant depreciation is similar to the persistent weakness in the parallel market, where a scarcity of dollars puts enormous...
Nigeria
Nigeria’s Game-Changer: $200M Afreximbank Deal Supercharges LNG Project, Unlocking New Energy Frontiers
Image by Rudy and Peter Skitterians
In a monumental move, Nigeria has inked a deal with the African Export-Import Bank (Afreximbank) to fund a $200 million Liquefied Natural Gas (LNG) project in Bayelsa State, according to Vanguard News. The agreement, a significant stride towards Nigeria’s...
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