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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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In the past week, the Naira experienced a drastic 23% depreciation against the dollar, attributed to a surge in demand for dollars in the parallel market driven by both banks and end-users, combined with slow forex disbursement to BDCs by the Central Bank of Nigeria (CBN).
This decline marks...
With the global billionaire population reaching new heights, Forbes has identified ten cities where these ultra-wealthy individuals are most concentrated. According to Forbes’ latest World’s Billionaires list, these cities host a significant portion of the world's billionaire population...
Amidst fluctuations in Nigeria's foreign exchange market, the Naira has displayed a remarkable recovery against the US dollar, appreciating to N1280/$1 in the parallel market. This surge, representing an 8.57% gain from the previous day's N1,400, has left currency traders cautiously optimistic...
Recent updates from the Nigeria Customs Service (NCS) reveal a surprising development in the foreign exchange market, as the exchange rate for cargo clearance has dropped to N1,164.84/$, falling below both official and parallel market rates.
This significant shift, reported by Nairametrics...
Multichoice, the broadcasting giant, has announced a price hike for its DSTV and GOtv packages in Nigeria, effective May 1, 2024. This move comes just four months after its last increment, stirring mixed reactions among subscribers.
The new prices affect various packages, with significant...
![Today's Naira Rate [27-04-2024]: Nigeria's Naira Bounces Back Strong, Hits 1,280 Against Dollar](/data/attachments/203/203376-fac0fa1defd2c5f3b205505ee482c7dc.jpg?hash=-sD6He_Sxf)
Nigeria
Today's Naira Rate [27-04-2024]: Nigeria's Naira Bounces Back Strong, Hits 1,280 Against Dollar
The Nigerian Naira experienced a significant rebound in the parallel market, appreciating to 1,280 Naira per US dollar.
This unexpected surge marked a notable recovery for the currency, which had faced recent depreciation challenges. The rebound comes amidst ongoing fluctuations in the foreign...
President Bola Tinubu's recent approval of the first phase of the Consumer Credit Scheme, managed by the Nigerian Consumer Credit Corporation (CREDICORP), marks a significant step towards enhancing social mobility in Nigeria. Aimed initially at civil servants, the scheme seeks to democratize...
![Today's Naira Rate [26-04-2024]: Naira Falls to N1,430 Against Dollar as Speculators Drive Exchange Rates](/data/attachments/203/203346-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria
Today's Naira Rate [26-04-2024]: Naira Falls to N1,430 Against Dollar as Speculators Drive Exchange Rates
Amidst the ongoing economic turbulence in Nigeria, the value of the national currency, the naira, has continued its downward trajectory across both official and unofficial foreign exchange markets. Speculators are capitalizing on the situation, leading to a surge in demand for the US dollar...
In response to the recent fuel scarcity concerns gripping various regions of Nigeria, the Nigeria National Petroleum Company Limited (NNPC Ltd) has attributed the tightness in Premium Motor Spirit (PMS) supply to logistical issues, asserting that these challenges have been effectively addressed...
Amidst escalating demand for the US dollar, the Nigerian Naira continues its downward trajectory, reaching a concerning exchange rate of 1,420 Naira per dollar on Thursday. This marks a significant depreciation from the previous rate of 1,309 Naira/$ at the official market and signals ongoing...
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