Business

The rhythm of Nigeria's business world
The Federal Civil Service Commission (FCSC) has commenced recruitment for various positions within Nigeria's Federal Civil Service. Eligible applicants can apply via the official portal, with a deadline of March 10, 2025. The recruitment process requires candidates to submit essential documents...
The Nigerian government has directed examination bodies like WAEC and NECO to include candidates' NIN, date of birth, and photographs on certificates to combat malpractice. Announced by Education Minister Dr. Alausa, the initiative aims to enhance security, eliminate identity theft, and...
The naira posted slight gains in Nigeria’s official market, appreciating N1,548.59 against the U.S. dollar. Meanwhile, the U.S. Dollar Index dropped to monthly lows due to expected U.S. Federal Reserve rate cuts. Central Bank Governor Cardoso credits forex reforms for the naira's stability. On...
The black market exchange rate for the dollar to naira is currently pegged at N1655 for buying and N1660 for selling. While the Central Bank of Nigeria (CBN) offers a lower official rate, many Nigerians continue to engage in parallel market transactions due to accessibility and demand. As of...
The Nigerian government is set to launch an aircraft manufacturing facility, with a focus on components like wings and tires. This initiative aims to position Nigeria as a regional aviation hub, creating jobs and enhancing the country's aviation sector. XeJet’s new MRO facility in Abuja is a key...
President Bola Tinubu has appointed Dr. Kayode Opeifa as the new Managing Director of the Nigeria Railway Corporation (NRC). Opeifa, a former Lagos Commissioner for Transportation and a key figure in tackling the Apapa gridlock brings extensive expertise to modernize Nigeria's railways, boosting...
Nigeria’s public debt reached N142.3 trillion by September 2024, an increase of N8 trillion from June. The rise is largely due to domestic borrowing and naira depreciation. The federal government’s debt rose while state debts declined slightly. Nigeria also raised $2.2 billion through a Eurobond...
The Central Bank of Nigeria (CBN) projects a 4.17% GDP growth for 2025, driven by fiscal and monetary reforms, stable oil prices, and improved oil production. The bank aims to reduce inflation to 15%, supporting SMEs and fostering a resilient, diversified economy through ongoing reforms. The...
CBN Governor Dr. Olayemi Cardoso has pledged to combat the commoditization of the Naira, emphasizing its vital role in Nigeria’s economy. Speaking at the CHBO Stakeholders’ Conference, he outlined strategies including public awareness, improved cash distribution, digital payment promotion, and...
NNPCL has increased petrol prices to N990 per litre in Abuja and N960 in Lagos, reflecting market dynamics and the deregulation policy. The price hike follows global crude oil fluctuations and the commencement of loading operations at Dangote Refinery, with further increases expected due to...
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