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Customers of Zenith Bank and GTBank are facing ongoing service issues weeks after their migration to new core banking systems. Reports of failed transactions and missing balances persist, causing frustration among users who are still unable to access their funds despite claims of restored...
The Global Energy Alliance for People and Planet (GEAPP), backed by Jeff Bezos and the Rockefeller Foundation, launched solar mini-grids in Nigeria to address electricity shortages. With funding for new solar projects and a $25 million support fund, the initiative aims to provide reliable power...
Sule Abdulaziz, CEO of the Transmission Company of Nigeria (TCN), stated that TCN should not bear sole responsibility for the national grid collapses. He highlighted that outdated equipment and issues across the generation, transmission, and distribution systems contribute to these failures...
The Federal Inland Revenue Service (FIRS) is hiring for Officer I and Officer II positions to strengthen its tax team. This initiative aims to enhance public service and promote national development through effective tax administration. Interested candidates should prepare for application...
Nigeria’s Transmission Company (TCN) provides 24-hour electricity to Togo and Benin, while Band A customers in Nigeria enjoy up to 22 hours daily. TCN’s MD, Sule Abdulaziz, discussed infrastructure challenges and outlined plans to achieve consistent electricity across Nigeria within five years...
![[VIDEO] Iyin Aboyeji: "Nigerians Have Been Extremely Wasteful with Energy"](/data/attachments/209/209351-34ecb3b29cee1ddd0794ff46f78a0ead.jpg?hash=mNFbEINegn)
Nigerian tech entrepreneur Iyinoluwa Aboyeji praised the abolition of the petrol subsidy and emphasized Nigeria's greatest asset is human capital. He criticized the wasteful energy habits fostered by subsidies, urging Nigerians to adapt to the new economic reality and seize opportunities...
![Today's Naira Rate[19-10-2024]: Naira Rises to N1600.78 as FX Market Sees Boost in Transactions](/data/attachments/209/209315-dbd145b491c796d77429639c6ae6f1ae.jpg?hash=hFfFcRmkeL)
Nigeria
Today's Naira Rate[19-10-2024]: Naira Rises to N1600.78 as FX Market Sees Boost in Transactions
The naira appreciated significantly, gaining N59.71 against the dollar to close at N1600.78 on Friday after several days of depreciation. Foreign exchange transactions increased to $350.72 million, while the parallel market rate fell slightly to N1725 per dollar, reflecting ongoing volatility in...
Nigeria's Finance Minister, Wale Edun, confirmed the removal of fuel and foreign exchange subsidies, citing financial strain on the economy. The government plans to address unemployment through a new housing finance initiative, while inflation soars to 32.70%. Critics highlight the adverse...
The World Bank asserts that President Bola Tinubu’s reforms aim to prevent Nigeria from economic collapse amid rising inflation. With over 129 million Nigerians living in poverty, the bank emphasizes the need for corrective measures to stabilize the economy and improve the purchasing power of...
Jumia is closing operations in South Africa and Tunisia to concentrate on profitable markets, especially Nigeria. CEO Francis Dufay states this shift will help the company streamline costs and strengthen its core e-commerce offerings across regions with greater growth potential, like Egypt...
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