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Article 'FG Opens Recruitment for Federal Civil Service Positions – Deadline March 10, 2025'- Nigeria News
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Article 'FG Orders NIN, DOB, Photos on WAEC and NECO Certificates to Curb Fraud'- Nigeria News
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Article 'Air Peace and Aero Contractors Compensate Passengers for Flight Disruptions in 2024'- Nigeria News
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Article 'Dangote Refinery Secures 12M Barrels of US Crude to Address Local Supply Gaps'- Nigeria News
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The IMF's latest report reveals that Nigeria's economic reforms under President Tinubu are failing to produce the desired results, with inflation remaining high and the exchange rate unstable. Despite regional improvements, Nigeria faces significant challenges in economic growth, debt service...
The World Bank uncovered $32 million in unaccounted funds from Nigeria’s water project, as revealed in its FY2024 Sanctions System Annual Report. The missing funds were meant for water infrastructure development. The bank is working with Nigerian authorities to recover the amount and ensure...
![Today's Naira Rate[16-11-2024]: Nigerian Naira Faces Steep Decline, Parallel Market Hits N1,750/$](/data/attachments/210/210283-5e995ef978efd380c57591c54b3dddf2.jpg?hash=FHqxQvjPSE)
Nigeria
Today's Naira Rate[16-11-2024]: Nigerian Naira Faces Steep Decline, Parallel Market Hits N1,750/$
The naira failed to hold the N1,650/$ support line in the official market, closing at N1,652.25/$1. Despite Nigeria’s growing foreign exchange reserves, the currency remains weak due to factors like inflation, low oil production, and high demand for U.S. dollars, contributing to rising import...
NNPCL denies rumors that Group CEO Mele Kyari is stepping down, calling the speculation baseless. A spokesperson praised Kyari's leadership in driving the company's profitability and achieving a major production milestone. Despite a leadership restructuring, Kyari remains focused on advancing...
Nigeria
MultiChoice Faces Financial Setback as $21 Million Is Forfeited Due to Heritage Bank’s Collapse
MultiChoice forfeited a $21 million deposit with Heritage Bank after the bank's liquidation in 2024. The loss is part of the company's financial challenges in Nigeria, including a drop in cash remittances and subscriber losses, worsened by inflation and naira devaluation.
MultiChoice Group has...
The Federal Airports Authority of Nigeria (FAAN) will shut down power at Murtala Muhammed International Airport's International Terminal 2 on Saturday from 1 AM to 4:30 AM for maintenance. The planned power outage aims to replace the Bus Riser 11KVA high-tension panel with minimal impact on...
Nigeria’s inflation rate soared to 33.88% in October 2024, up from 32.70% in September, according to the NBS. Food inflation also jumped to 39.16%, driven by rising costs of staples like rice and yams. The economic pressure sparks concerns, with citizens calling for urgent fiscal reforms...
Air Peace flight from Abuja to Lagos was delayed after a bird strike occurred before takeoff on November 14, 2024. The airline returned the aircraft to the ramp for safety measures. Passengers disembarked and a replacement aircraft was deployed, minimizing disruptions and ensuring safety.
A...
Access Bank UK has acquired a majority stake in Mauritius' Afrasia Bank, marking a major expansion in Africa. The acquisition strengthens Access Bank UK's corporate and personal banking operations and establishes Mauritius as a strategic hub for trade finance, enhancing cross-border transactions...
NNPCL has achieved a major milestone, reaching 1.8 million barrels per day (mbpd) in crude oil production. The company is on track to meet President Bola Tinubu's target of 2 million barrels per day by December 2024. Additionally, NNPCL has increased gas production to 7.4 mmscf.
The Nigerian...
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