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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
- akeri akpokabowei
![Today's Naira Rate[25-10-2024]: Naira Hits N1,739/$ in Parallel Market](/data/attachments/209/209508-860af933db8f0e136367e45ab10c9013.jpg?hash=PERHMQHP25)
The Naira has depreciated to N1,739 per dollar in the parallel market, reflecting ongoing currency volatility. Conversely, it appreciated to N1,601.2 in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Trading volumes in the official market surged 69%, highlighting significant market...
The Central Bank of Nigeria has confirmed there is no deadline for using old naira notes, dismissing rumors of a December 31, 2024 cutoff. Both old and redesigned naira bills remain legal tender indefinitely, in line with a Supreme Court ruling, and the CBN encourages digital payment...
Air Peace, one of Nigeria’s largest airlines, will increase domestic flight fares starting November 1, 2024. A leaked internal memo reveals price hikes across business and economy classes due to rising operational costs and economic pressures. Existing fares apply until October 31, with no-show...
The Nigerian government plans to progressively raise the Value Added Tax (VAT) from 7.5% to 15% as part of efforts to enhance local revenue and strengthen public finance. This change aims to improve tax compliance and expand the tax base amid low tax-to-GDP ratios in the country.
The Nigerian...
The Nigerian House of Representatives has urged the Central Bank to withdraw old Naira notes and enhance the circulation of new N200, N500, and N1000 notes. Lawmakers emphasized the need for public awareness ahead of the December 31, 2024 deadline, reflecting on past currency redesign...
![[VIDEO] Rufai Oseni and Iyin Aboyeji Clash Over Economic Strategies on Arise TV](/data/attachments/209/209440-3ced3182b5fd26086cae5ae1b1f52c49.jpg?hash=2Ga7EkXuo7)
In a recent Arise TV interview, Flutterwave founder Iyin Aboyeji argued that Nigeria's weak Naira benefits the economy, despite concerns about purchasing power and minimum wage issues. Rufai Oseni challenged Aboyeji’s claims, citing the impact of inflation and the difficulties of automation in a...
The IMF has reduced Nigeria's growth forecast for 2024 to 2.9%, down from 3.3%, citing low crude oil production and severe flooding as primary factors. The report highlights persistent inflation challenges, projecting Nigeria’s inflation rate to stabilize at 25% in 2025 amid ongoing economic...
![Today's Naira Rate [22-10-2024]: Naira Climbs to ₦1,715 in Parallel Market Amid Rising Dollar Trading Volume](/data/attachments/209/209423-060f268af27363b5a828adb57ad43123.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate [22-10-2024]: Naira Climbs to ₦1,715 in Parallel Market Amid Rising Dollar Trading Volume
The Naira appreciated in the parallel market, trading at ₦1,715 per dollar on October 21, while depreciating in the Nigerian Autonomous Foreign Exchange Market (NAFEM) to ₦1,603.16. Central Bank Governor Olayemi Cardoso highlighted the potential benefits of a weaker Naira for boosting exports...
MTN Nigeria's CEO, Karl Toriola, warns that banks could face disconnection from USSD services due to rising debts totaling N250 billion. He urges for urgent tariff adjustments to prevent dire consequences for the telecom industry, which is currently struggling with unsustainable financial...
Nigeria
Allen Onyema: Nigerians on X React as Business Day Deletes Post Alleging Airpeace CEO's Acquittal in the US
Nigerians on social media react to Business Day's deleted post about Air Peace CEO Allen Onyema's alleged acquittal in the US. Many confirm the story is outdated, sparking discussions on media responsibility.
Nigerians on social media platform X have been reacting to the sudden deletion of a...
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