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Article 'FG Opens Recruitment for Federal Civil Service Positions – Deadline March 10, 2025'- Nigeria News
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Article 'Today's Naira Rate (23-01-2025): Naira Struggles as Black Market Rates Hit N1660'- Nigeria News
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The NBS website is back online after a cyberattack that lasted 29 days, raising concerns about data security. The hack followed the release of a controversial crime report. The attack has caused delays in policy meetings and sparked fears about the integrity of critical economic data.
The...
Nigeria's inflation rate reached 34.8% in December 2024, marking its fourth consecutive rise. The increase, driven by festive demand and food price hikes, reflects a 5.87% year-on-year rise. Food inflation surged to 39.8%, with regional disparities. Despite a slight slowdown in month-on-month...
The Nigerian Communications Commission (NCC) has ordered telcos to disconnect USSD codes of nine banks due to overdue debts. These banks have until January 27, 2025, to settle outstanding payments, or their codes will be reassigned. The total debt owed by these banks exceeds N200 billion.
The...
Marketers in Nigeria are shifting to Dangote Refinery as petrol depot prices rise to N950 per litre. The price hike is due to global crude oil price increases. IPMAN members are encouraged to buy directly from Dangote Refinery to secure more competitive rates, marking a significant shift in the...
OpenAI appoints BlackRock executive Adebayo Ogunlesi to its board, leveraging his infrastructure investment expertise to bolster AI development. Ogunlesi's addition aligns with OpenAI's expansion goals, including new data centers and energy resources. The move underscores OpenAI's focus on...
Meta is laying off 3,600 employees, or 5% of its workforce, focusing on performance-based cuts to ensure the company retains the best talent. This move aligns with broader corporate changes, including closer ties to conservative figures and a shift in content moderation policies on platforms...
![Today's Naira Rate [14-01-2025]: Naira Struggles as Parallel Market Rate Reaches N1,660/$](/data/attachments/212/212410-d987146b6be27bd1ec22456cd9d9d9e8.jpg?hash=PERHMQHP25)
The Nigerian Naira depreciated in the parallel market, trading at N1,660/$, while strengthening slightly in the official market to N1,549/$. This widening gap between the two rates highlights ongoing volatility in Nigeria's foreign exchange market, affecting businesses and individuals relying on...
The Central Bank of Nigeria (CBN) imposed ₦150 million fines on nine banks for failing to ensure ATM cash availability during the 2024 festive season. The penalties follow CBN’s commitment to economic stability, cash flow compliance, and enforcement against violations, ensuring Nigerians’...
Petrol prices in Nigeria are set to rise as depot prices for petrol and diesel increase due to a surge in Brent crude oil prices. Major depots have raised petrol prices to between N950 and N960 per litre. The hike is expected to affect the cost of goods and services.
A price increase for petrol...
Nigeria’s oil production rose by 152,000 barrels per day in November 2024, reaching 1.486 million barrels per day, as per OPEC. However, data from the NUPRC shows a decline in December. The country failed to meet its OPEC target and its 2024 budget benchmark for oil output.
Nigeria's oil...
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