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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
- akeri akpokabowei
The declining value of Nigeria's currency against the U.S. dollar and other major currencies has emerged as an economic silver lining, providing an unexpected tailwind for Nigerian exporters according to customs officials at a major international border crossing.
"As the value of the naira...
![Today's Naira Rate [07-06-2024]: Nigerian Naira Slips Closer to N1500/$ Amid Dollar's Resurgence](/data/attachments/204/204787-2f7bda2fdd5d28ed97c990c5e2d52d50.jpg?hash=L3vaL91dKO)
Nigeria
Today's Naira Rate [07-06-2024]: Nigerian Naira Slips Closer to N1500/$ Amid Dollar's Resurgence
The Nigerian Naira faces downward pressure against the US dollar, nearing the critical threshold of N1500/$ as the dollar index surges by 80 basis points.
As the trading week came to a close, the Nigerian Naira witnessed a notable decline against the US dollar, reaching N1495/$ in the parallel...
Nigeria concludes the sale of five power plants for $1 billion, aiming to boost revenue and efficiency. The bidding process, overseen by the Ministry of Power, involves assets jointly owned by the government.
In a landmark move, the Nigerian government has successfully concluded the sale of...
![Today's Naira Rate [07-06-2024]: $925m Oil Loan Stabilizes Naira at N1,483.99/$1, Parallel Rate N1,495/$1](/data/attachments/204/204773-147ab142f8cf48479284e57b3d23fc38.jpg?hash=FHqxQvjPSE)
Nigeria
Today's Naira Rate [07-06-2024]: $925m Oil Loan Stabilizes Naira at N1,483.99/$1, Parallel Rate N1,495/$1
Nigerian naira stable at N1,483.99/$1 as $925m oil loan boosts dollar inflows. External reserves rise to $32.79bn, but the black market rate is N1,495/$1.
The Nigerian Naira maintained stability at the close of the week, buoyed by a surge in dollar inflows attributed to additional oil...
Discover how the European Union profited €3.4 million from rejected Schengen visa applications from Nigeria alone in 2023. Reports reveal African and Asian nations contributed 90% of the €130 million generated globally, prompting concerns of visa inequality and its impact on migration and global...
MultiChoice to appeal N150M fine, free subscription order by consumer tribunal over price hike notice. Pay-TV giant disagrees with a ruling on jurisdiction, citing previous judgments.
MultiChoice Nigeria, the leading pay-TV operator in the country, has announced its intention to appeal the...
Tribunal fines MultiChoice N150M, orders one-month free subscription for defying court order on price hike. Ruling addresses notice period, not price regulation, asserting jurisdiction over consumer rights.
In a significant ruling, the Competition and Consumer Protection Tribunal (CCPT) has...
Nigeria's Inter-Bank Settlement System (NIBSS) grapples with downtime, causing delays in electronic transactions. Fintech firms notify customers of disruptions, hindering bill payments and transfers. Issues affect NIBSS's instant payment platform, impacting transfers to Kuda accounts and other...
![Today's Naira Rate [05-06-2024]: Naira Maintains Flat Rate of N1,495 per Dollar on Parallel Market](/data/attachments/204/204728-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria
Today's Naira Rate [05-06-2024]: Naira Maintains Flat Rate of N1,495 per Dollar on Parallel Market
The Nigerian naira remains steady at N1,495 per dollar on the black market, indicating marginal variation from the previous rate. Despite fluctuations in demand and supply, the currency's stability amidst global economic challenges draws attention.
The Nigerian naira held its ground at an...
Amidst crude oil supply uncertainties, funding for 20 modular refineries in Nigeria faces jeopardy, impacting domestic refining capacity and economic prospects. International investors seek guarantees, while regulatory challenges hinder progress.
In Nigeria's energy sector, a critical impasse...
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