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Article 'NNPC Claims PHRC is Running at 60% Capacity, Despite Shutdown Concerns'- Nigeria News
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![Today's Naira Rate[25-09-2024]: Naira Depreciates to N1,658.48 as CBN Raises Interest Rates for Fifth Time in 2024](/data/attachments/208/208624-4803cd99f027345ad0bd4f909c6fbdcc.jpg?hash=PERHMQHP25)
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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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The West African fuel market is experiencing significant effects from removing petrol subsidies in Nigeria. The Organization of Petroleum Exporting Countries (OPEC) recently reported that Nigeria's decision to stop funding the subsidy has led to a 28% drop in fuel...
Image by MichaelWuensch from Pixabay
Nigeria's cryptocurrency trades have been growing consistently despite facing government bans and limitations. The Banker reports that the country's crypto market defies the odds, even as traditional financial systems struggle with instability.
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The exchange rate between the Nigerian naira and the US dollar has plunged to N1040 in the parallel market due to persistently high demand outstripping supply. Forex traders have reported quotes ranging from N1035 to N1045 per dollar, underscoring the heightened scarcity in the unofficial...
Nigeria is grappling with a deepening economic crisis as the Naira plunged to an alarming exchange rate of 1,025 Naira to the US dollar in the parallel market. This decline, which continues to sow panic and instability, has ignited concerns among small-scale enterprises, manufacturers, and...
Nigeria
Abuja Grapples With Fuel Shortages Amid Global Oil Price Uncertainty Due to Israeli-Palestinian Conflict
Several filling stations in parts of Abuja were left without Premium Motor Spirit (PMS), causing panic among motorists and residents on Monday. This situation raised concerns of a potential fuel scarcity in Nigeria's capital city, with some speculating an imminent fuel price hike.
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Introduction:
Rising concerns grip Nigeria as the price of cooking gas skyrockets to unprecedented levels, with a kilogramme now fetching between N1,000 and N1,200. Daily Trust's investigative report delves into the root causes and far-reaching consequences of this alarming surge in cooking gas...
AIICO Insurance Plc has initiated the implementation of the International Financial Reporting Standards (IFRS 17) in a move to enhance work processes and achieve excellence in financial reporting. IFRS 17 is a comprehensive standard designed to regulate accounting for insurance contracts...
Nigeria
NNPC Ltd's Pipeline Contracts Under Scrutiny: Unmasking the Transparency Behind the Controversy
The Nigerian National Petroleum Company Limited (NNPC Ltd) has responded to allegations of underhand dealings in the award of contracts for pipeline rehabilitation, stating that the contracts were awarded based on rigorous evaluation criteria and industry standards. The company issued a...
Stanbic IBTC Holdings Plc has launched its fintech subsidiary, Zest, aiming to transform the payment sector. During the launch event in Lagos, Group Chairman Basil Omiyi emphasized their vision to become the leading end-to-end financial services provider in the region. Omiyi stressed the...
Ghanaian fintech startup, Dash, has ceased its operations after a tumultuous journey. Founded in 2019 by Prince Boakye Boampong, Dash aimed to create interoperability between mobile money wallets and bank accounts across Africa, streamlining cross-border payments. The company gained significant...
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