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Article 'EFCC, INTERPOL Hunt Down CBEX Fraudsters After ₦1.3 Trillion Ponzi Collapse'- Nigeria News
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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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South African tycoon Johann Rupert has claimed the throne as Africa's wealthiest individual, surpassing long-reigning champion Aliko Dangote, according to Forbes Magazine's latest ranking. Rupert, with a staggering net worth of $10.3 billion, leads the pack, signaling a shift in the continent's...
Nigeria's Q1 2023 Foreign Direct Investment hits a 9-year low at $48 million, reveals financial analyst Kalu Aja. Concerns rise over economic implications.
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In 2023, Nigeria's naira faced a significant setback, ranking as the world's third-worst performing currency, according to a Bloomberg report. Closing at N1,043 per $1 just days before the year-end, the naira showcased its weakest performance since the return to democracy in 1999.
The...
Nigeria
Federal Mandate: Ministries Instructed to Remit 100% Internally Generated Revenue to New Treasury Account for Fiscal Transparency
In a bid to bolster revenue generation and instill financial discipline, the Federal Ministry of Finance has directed all Ministries, Departments, and Agencies (MDAs) to remit their entire internally generated revenue (IGR) to the newly established Treasury Single Account (TSA). The circular...
In a concerning economic development, the Naira witnessed a significant depreciation to N1,250 per dollar in the parallel market, marking a notable drop from N1,240 per dollar over the weekend.
Concurrently, the Nigerian Foreign Exchange Market (NAFEM) recorded a similar trend as the naira...
Airtel Africa has disclosed the retirement of its CEO, Segun Ogunsanya, and the appointment of Sunil Taldar as his successor. The transition is set to take effect on July 1, 2024.
Taldar, who joined Airtel Africa in October 2023 as the Director of Transformation, brings a wealth of experience...
The Nigerian National Petroleum Company Limited (NNPCL) has commenced the supply of crude oil for the test-running phase of the Port Harcourt Refining Company Limited, marking a significant step in the nation's energy landscape. Oil marketers confirm that the refinery is expected to supply...
In a surprising move that has stirred controversy, the Nigerian Investment Promotion Commission (NIPC) announced the approval of tax holidays for 34 companies seeking tax incentives and waivers under the Industrial Development Income Tax Act for the year 2023. This revelation was made by Lovina...
In a dramatic turn of events, the Nigerian Naira has plummeted to an unprecedented low, exchanging at N1043.09 to the dollar at the official foreign exchange market.
This shocking depreciation marks a significant decline from N872.59/$ 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...
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