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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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The National Bureau of Statistics reports sharp increases in prices of staple Nigerian foods like rice, garri, tomatoes, beans, and yam in Tinubu's first year as president.
Nigerians are grappling with soaring food prices during President Bola Tinubu's first year in office, according to data...
Landmark Beach is seeking N42 billion in compensation from the Federal Government after demolition of its properties for the Lagos-Calabar Coastal Highway project.
Landmark Beach is seeking compensation from the Federal Government following the demolition of its properties valued at N42...
![Today's Naira Rate [23-05-2024]: Naira Records First Depreciation in a Week, Falls to ₦1485.66 per Dollar](/data/attachments/204/204241-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria
Today's Naira Rate [23-05-2024]: Naira Records First Depreciation in a Week, Falls to ₦1485.66 per Dollar
Check the black market USD to NGN exchange rate for May 23, 2024. Buying rate is N1490, selling rate is N1505. Naira marks fourth consecutive appreciation against the Dollar, amid new CBN directives to BDC operators.
In a reversal from recent gains, the Nigerian Naira experienced depreciation...
The African Development Bank (AfDB) has announced a $1.44 billion investment to enhance Nigeria's infrastructure, focusing on energy, transport, water, and sanitation. This significant funding aims to address Nigeria's infrastructure deficit and promote sustainable economic growth. The...
The Central Bank of Nigeria (CBN) mandates existing Bureau de Change operators to reapply for operational licenses, setting minimum capital requirements. Tier 1 BDCs need N2 billion, Tier 2 N500 million. Non-refundable fees apply. Effective from June 3, 2024, the guidelines aim to streamline...
Transparency International slams $13 billion coastal highway contract awarded to billionaire Gilbert Chagoury amid corruption concerns. Project sparks protests, opposition backlash over lack of transparency.
A storm of controversy has engulfed Nigeria's federal government after it awarded a...
![Today's Naira Rate [22-05-2024]: Naira Weakens to N1,500 on Black Market After Central Bank Increases Interest Rates](/data/attachments/204/204180-147ab142f8cf48479284e57b3d23fc38.jpg?hash=FHqxQvjPSE)
Nigeria
Today's Naira Rate [22-05-2024]: Naira Weakens to N1,500 on Black Market After Central Bank Increases Interest Rates
The Naira fell 1.47% against the dollar in the black market after the Central Bank of Nigeria raised its monetary policy rate to 26.25%. Financial experts cite increased dollar demand and inflation concerns. The drop raises import costs, impacting businesses and the broader Nigerian economy...
President Tinubu appoints Mohammed Shehu as FRSC Corps Marshal, replacing Dauda Ali Biu. Shehu's tenure aims to enhance road safety amidst rising concerns. Mixed reactions emerge, with expectations for Shehu to address systemic challenges.
President Bola Tinubu has appointed Assistant Corps...
![Today's Naira Rate [21-05-2024]: Naira Holds Steady at N1,465.68/$ Despite CBN Interest Rate Surge](/data/attachments/204/204165-6e202405f2f497d63440ce71bc64dc98.jpg?hash=biAkBfL0l9)
Nigeria
Today's Naira Rate [21-05-2024]: Naira Holds Steady at N1,465.68/$ Despite CBN Interest Rate Surge
Naira holds steady against the dollar despite CBN's interest rate hike to 26.25%. At NAFEM, the currency appreciates marginally by 0.23%. Market turnover increases by 66.14% to $268.17 million. CBN Governor Olayemi Cardoso expresses confidence in Nigeria's FX market, citing efforts to clear...
CBN announces the resumption of customer onboarding for Nigerian fintech giants like OPay and Moniepoint. Governor Cardoso underscores the need for enhanced regulatory frameworks to combat money laundering.
The Central Bank of Nigeria (CBN) has announced the forthcoming resumption of customer...
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