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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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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...
![Today's Naira Rate [13-01-2025]: Forex Woes Persist as Naira Falls to N1,548 Officially, N1,667 in Black Market](/data/attachments/212/212368-cecc7b1fed30e571bea2decdfbbfcb9d.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate [13-01-2025]: Forex Woes Persist as Naira Falls to N1,548 Officially, N1,667 in Black Market
The naira fell to N1,548.89 per dollar at the official exchange market on January 13, marking a N5.86 drop from the previous rate. The black market recorded a slight depreciation to N1,667 per dollar. The naira’s decline highlights Nigeria’s ongoing forex challenges and its impact on businesses...
The UK has introduced major changes to its work visa system in 2024, including higher salary thresholds, a new Immigration Salary List, updated occupational codes, restrictions on care worker dependents, and an expanded ETA scheme. These adjustments aim to attract skilled workers while managing...
Nigeria’s Finance Minister, Wale Edun, confirms that President Tinubu’s economic reforms, including adjustments to PMS pricing and foreign exchange policies, have saved ₦930 billion. These measures have contributed to over 3% GDP growth in 2024, with plans to boost revenue further in the 2025...
The Transmission Company of Nigeria (TCN) clarified that the recent power disruption was caused by tripping in transmission lines, not a national grid collapse. TCN emphasized the importance of accurate reporting, as the grid's generation capacity remained intact despite the outage affecting...
Maersk Nigeria has relocated its Lagos office to 1226 Bishop Oluwole, Victoria Island, as part of its strategy to enhance service delivery. The company reassures customers that the Apapa counter remains operational, and the relocation will not affect service quality. Maersk continues to support...
General Hydrocarbons Limited (GHL) accuses First Bank of Nigeria (FBN) of contract breaches over Oil Mining Lease 120 funding, sparking a $1 billion lawsuit. Allegations include contempt of court by FBN Chairman Femi Otedola and operational losses. Shareholders demand leadership changes as the...
Nigeria's passport ranks 183rd out of 200 in the latest Henley Passport Index, reflecting limited visa-free travel opportunities. This stark disparity underscores the need for strategic diplomatic reforms. While global leaders like Singapore and Japan dominate the rankings, the report highlights...
The Federal Government plans to establish a national air carrier, with Abubakar Kana prioritizing its creation as part of President Tinubu's "Renewed Hope Agenda." Kana also aims to upgrade airports nationwide and collaborate with the private sector, signaling a renewed focus on revitalizing...
Nigeria’s telecom tariffs are set to rise, but not by 100%, according to Minister Bosun Tijani. The government aims to balance consumer protection and industry sustainability while investing in telecom infrastructure. Operators cite rising costs, urging swift action. NCC promises clarity soon...
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