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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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IPMAN has secured an agreement with Dangote Refinery to directly supply Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), and Dual Purpose Kerosene (DPK). This move aims to eliminate middlemen, reduce costs, and ensure a steady supply of petroleum products to over 30,000 members and 150,000...
Nigeria's public debt has surged to N134.3 trillion, translating to an average debt of N619,501 per citizen, as reported by the National Bureau of Statistics. This increase reflects a N13 trillion rise from previous figures, prompting concerns over fiscal management and the potential impacts on...
Nigerians may soon benefit from a decrease in petrol prices as the landing cost drops to N976 per litre. This reduction, confirmed by the Major Energies Marketers Association of Nigeria (MEMAN), offers hope for lower pump prices, although factors like transportation and distribution costs will...
Julius Berger Nigeria Plc has appointed Dr. Mohammed Indimi as a Non-Executive Director, effective November 7, 2024. Indimi, a renowned entrepreneur and philanthropist, brings extensive experience in oil, gas, and finance to the board, aiming to contribute to the company’s growth and strategic...
The Nigerian Institute of Leather and Science Technology (NILEST) plans to establish mini tanneries across all states to process hides into leather. This initiative aims to reduce ponmo consumption, revitalize the leather industry, create jobs, and boost exports. The project will address power...
Ngozi Okonjo-Iweala, the first African and female Director-General of the World Trade Organization, is uncontested for a second term. The WTO chair confirmed no other nominations were received, leaving her as the sole candidate. Her first term focused on revitalizing the global trade body...
The Transmission Company of Nigeria (TCN) explained the cause of the latest national grid collapse, attributing it to a frequency spike. Ongoing recovery efforts aim to stabilize the grid. Experts urge urgent infrastructure upgrades and professional oversight to prevent further collapses and...
![Today's Naira Rate[07-11-2024]: Naira Appreciates to N1,720/$ in Parallel Market as Dollar Turnover Soars](/data/attachments/209/209957-f5e920323be553249c735a46597cceb5.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[07-11-2024]: Naira Appreciates to N1,720/$ in Parallel Market as Dollar Turnover Soars
The Naira appreciated to N1,720 per dollar in the parallel market and N1,671.32 per dollar in the NAFEM market. The official market saw a 124% rise in dollar turnover, though the gap between the parallel and official market rates widened slightly, raising concerns about currency stability.
The...
NNPC has denied importing adulterated petrol, responding to allegations amid protests over recent price hikes. The company, led by Mele Kyari, reaffirmed its commitment to quality standards and clarified that the GCEO is not responsible for fuel price increases, which have surged significantly...
![Today's Naira Rate[05-11-2024]: Naira Strengthens to N1,725 per Dollar in Black Market as Official Rate Falls](/data/attachments/209/209881-e7cdf4c3e7dc79ab60ad94386930eade.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[05-11-2024]: Naira Strengthens to N1,725 per Dollar in Black Market as Official Rate Falls
The naira appreciated to N1,725 per dollar in Nigeria’s parallel market but depreciated to N1,676.9 in the official Nigerian Autonomous Foreign Exchange Market (NAFEM). Turnover in the official market dropped by 15.6%, with the rate gap narrowing.
The naira appreciated in Nigeria’s parallel...
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