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Article 'Why the New National ID Card Will No Longer Be Free for Nigerians - NIMC'- Nigeria News
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Article 'Dangote Refinery Eyes 650,000 Barrels Per Day with Billions in Funding'- Nigeria News
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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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Americas
Zuckerberg Criticizes U.S. Pressure to Censor COVID-19 Content, Declines Election Funding for 2024
Meta CEO Mark Zuckerberg criticized the U.S. government's past pressure to censor COVID-19 content, calling it "wrong." In a letter to Congress, he expressed regret for not opposing the censorship and stated he would avoid funding electoral infrastructure in 2024 to maintain neutrality amid...
![Today's Naira Rate[26-08-2024]: Naira Drops to 1,596.60/$ as Dollar Supply Tightens in FX Market](/data/attachments/207/207648-e780f59853b1938ae71a997d15d65bdf.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[26-08-2024]: Naira Drops to 1,596.60/$ as Dollar Supply Tightens in FX Market
The naira closed at N1,596.60 per dollar as dollar liquidity decreased, marking a 1.66% drop from Friday's rate. Daily FX market turnover fell 14.80% to $102.93 million, while the parallel market rate was quoted at N1,610. Analysts suggest sustained high interest rates amid ongoing inflation...
Nigeria's GDP grew by 3.19% in Q2 2024, surpassing 2.51% in Q2 2023 and 2.98% in Q1 2024. The services sector led growth at 3.79%, contributing significantly to the economy. Agriculture and industry also showed improvements, indicating a positive trend for Nigeria's economic recovery.
Nigeria's...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) confirmed that the Oando-NAOC divestment followed the Petroleum Industry Act. NUPRC addressed concerns regarding transparency, emphasizing that both the Oando acquisition and the Equinor-Chappal transaction complied with established...
The Dangote Petroleum Refinery in Ibeju-Lekki receives high praise from Nigeria's engineering community for its impressive scale and innovation. As the refinery prepares to launch petrol production, experts highlight its potential to bolster local supply, enhance economic sustainability, and...
Nigeria's Federal Government reported a staggering fiscal deficit of N13.50 trillion in 2023, with expenditures of N19.50 trillion outpacing revenues of N5.99 trillion. Debt servicing accounted for 43.9% of the budget, highlighting ongoing financial challenges and the urgent need for fiscal...
Ahmed Abubakar, Director General of the National Intelligence Agency (NIA), resigned citing "personal issues." However, sources indicate he was pressured to leave due to intelligence failures during recent protests. Concerns about the NIA's oversight have intensified, underscoring the need for...
Americas
NASA Turns to SpaceX as Stranded Astronauts Face Extended Stay in Space Until February 2025
NASA announced that astronauts Butch Wilmore and Suni Williams, stranded in space for 80 days, will remain in orbit for another six months. They are expected to return to Earth aboard a SpaceX Dragon mission in February 2025 due to technical issues with the Boeing Starliner.
NASA officials...
Pavel Durov, founder and CEO of Telegram, was arrested at Bourget airport near Paris on August 24. He faces a preliminary investigation related to moderation issues on the messaging app. Durov, who holds dual French and UAE citizenship, is expected to appear in court following his arrest.
Pavel...
![Today's Naira Rate[24-08-2024]: Naira Strengthens to N1570.14/$ Amid Dollar's Decline Against British Pound](/data/attachments/207/207580-655662235f6446531fbadf1468b4d487.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[24-08-2024]: Naira Strengthens to N1570.14/$ Amid Dollar's Decline Against British Pound
The Naira strengthened against the US dollar, rising to N1570.14/$, while weakening against the British pound, which hit a two-year high. The Central Bank of Nigeria’s efforts contributed to the Naira’s stability, but businesses still anticipate further depreciation before potential recovery...
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