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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 'Auditor-General Uncovers N197.72bn Contract Fraud in Nigerian MDAs'- 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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Nigeria
Social Media Reacts to NMDPRA's Update on Dangote Refinery: Concerns Over Completion and Quality
NMDPRA clarifies that Dangote refinery is at 45% completion and has not been licensed, addressing concerns about energy security and product quality. Social media reactions are mixed, with users questioning political interference and the refinery's progress.
The Nigerian Midstream and...
The CBN has authorized the sale of $20,000 to each BDC at N1,450/$1 to bolster the naira and address forex market challenges. This initiative aims to stabilize exchange rates and reduce disparities between official and parallel markets. Stay informed on CBN's efforts to enhance currency...
![Today's Naira Rate[18-07-2014]: Economic Crisis Deepens as Naira Hits Historic Low of N1,600/$1 in Parallel Market](/data/attachments/206/206237-3c44473101cfdb95816e4fca0635f7db.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[18-07-2014]: Economic Crisis Deepens as Naira Hits Historic Low of N1,600/$1 in Parallel Market
Nigeria's Naira hits a historic low, trading at N1,630/$1 on online platforms. The currency crisis, driven by high demand and limited supply, impacts businesses and everyday Nigerians. Experts call for robust economic policies to stabilize the currency and ensure sustainable growth.
The naira...
President Tinubu appoints Didi Walson-Jack as Nigeria's new Head of Civil Service, effective August 14, 2024, succeeding Dr. Folasade Yemi-Esan. Walson-Jack, a Federal Permanent Secretary since 2017, is set to take over key administrative roles amid the transition.
President Bola Tinubu has...
The Dangote Refinery accuses International Oil Companies (IOCs) of obstructing crude purchases and inflating prices. Despite the Petroleum Industry Act’s provisions, IOCs demand premiums above official prices. The refinery urges the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to...
Aliko Dangote announced that Dangote Group aims to be the leading FX supplier, targeting $30 billion in revenue by 2025. This shift aims to boost the Naira's value by increasing forex inflows through Dangote's businesses. The refinery's full operations and planned stock listings are part of this...
Nigeria secures $751.88 million from World Bank's $1.5 billion loan for economic reforms. The RESET program aims to boost revenues, expand social safety nets, and liberalize imports. Conditions include VAT reforms and executive orders. World Bank to monitor Nigeria's compliance with agreed...
![Today's Naira Rate[16-07-2014]: Trump Speculation and Domestic Pressures Drive Naira to N1,577/$](/data/attachments/206/206174-3c44473101cfdb95816e4fca0635f7db.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[16-07-2014]: Trump Speculation and Domestic Pressures Drive Naira to N1,577/$
Nigerian naira hits lowest level since March, trading at N1,577/$. Factors include high dollar demand, soaring inflation, and global economic uncertainties. CBN interventions prove insufficient. Trump assassination attempt speculation impacts dollar strength. Naira's decline poses challenges for...
![Today's Naira Rate[15-07-2014]: Naira Weakens as USD Exchange Rate Reaches N1550 in Black Market](/data/attachments/206/206147-3c44473101cfdb95816e4fca0635f7db.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[15-07-2014]: Naira Weakens as USD Exchange Rate Reaches N1550 in Black Market
Discover today's USD to NGN black market exchange rate, where buyers purchase dollars at N1550 and sellers sell at N1575, contrasting with CBN's official rates. Stay informed on currency fluctuations.
Today, the black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) stands...
Nigeria's inflation rate rose to 34.19% in June 2024, with food inflation hitting 40.87%, according to the National Bureau of Statistics. The increase highlights ongoing economic challenges, particularly in the food sector. Experts call for government intervention to stabilize prices and protect...
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