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Article 'CBN: Dangote Refinery to Lower Transportation Costs and Food Inflation'- Wakanda
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![Today's Naira Rate[18-09-2024]: Naira Gains to N1,539.65 as Dollar Supply Surges, Boosting FX Market](/data/attachments/208/208398-6b420ca64d95293fadcf9548ce69b3bb.jpg?hash=PERHMQHP25)
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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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Nigeria NDIC Reveals BVN Discrepancies Delaying Heritage Bank Customer PayoutsIt's information is clear and prompt.
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Nigeria CBN’s 27.25% Interest Rate Hike: How It Affects Inflation, SMEs, and the Naira
Nigeria's recent interest rate hike to 27.25% aims to curb inflation and stabilize the naira but poses challenges for businesses. The increased borrowing costs could reduce expansion and raise unemployment. Meanwhile, FX inflows may rise, stabilizing the naira, and savers benefit from higher...
Binance, one of the world's leading cryptocurrency exchanges, has announced the discontinuation of all services for Nigeria's fiat currency, the naira. The move comes amidst a growing regulatory conflict in the country, signaling a significant shake-up in the cryptocurrency landscape within...
Ghana's government is at risk of losing a substantial $3.8 billion in World Bank funding due to the recent passage of an Anti-LGBTQ+ bill by the country's parliament.
The Finance Ministry has urgently appealed to President Nana Akufo-Addo to delay signing the bill into law until its...
In a profoundly moving "Night of Tributes" dedicated to honoring the life and accomplishments of the late Chief Executive Officer of Access Corporation Plc, Herbert Wigwe, a distinguished assembly of corporate magnates, political figures, and business leaders converged to celebrate the enduring...
In a concerning economic development, the Naira faced a 1.25 percent depreciation against the US Dollar, reaching N1,620/$ at the parallel market on Monday. This marks a N20 decline from its trading rate of N1,600 on March 1, 2024. Bureau de Change (BDC) operators in Lagos quoted buying rates at...
Nigeria
Dangote's Heartfelt Tribute: Major Refinery Road Named After Late Banking Icon Herbert Wigwe
Aliko Dangote, Nigerian business magnate and founder of the Dangote Group, announced the immortalization of the late Herbert Wigwe by naming a major road leading to the Dangote Refinery after the esteemed banking icon. Dangote shared this heartfelt decision during a tribute event organized by...
Dangote Sugar Refinery Plc faces financial headwinds as it reports a substantial loss before tax amounting to N108.92 billion in its 2023 annual report. The staggering foreign exchange losses of N172.198 billion, attributed to the devaluation of the naira, lead to a 53% depletion of...
French media company Canal+ has confirmed its intent to acquire additional shares of South African pay-TV company MultiChoice (MCGJ.J) by April 8, following a ruling by South Africa’s Takeover Regulations Panel.
With a 35.01% shareholding in MultiChoice, Canal+ is required to make a firm...
The Nigerian Communications Commission (NCC) has provided insight into the recent deactivations of mobile lines, shedding light on discrepancies in the National Identification Number (NIN) and SIM card linkage.
According to NCC spokesperson Reuben Muoka, subscribers whose NINs were not...
The Federal Government has issued a stern warning to foreign airlines, threatening sanctions if they fail to comply with directives aimed at making air travel more affordable for the Nigerian middle class.
Despite a recent meeting between the Nigerian Civil Aviation Authority (NCAA) and key...
Dangote Refinery has increased its stock of imported crude oil from the United States, with a second shipment of US light sweet crude oil en route to Nigeria.
According to ship tracking data and traders, the vessel named Otis loaded approximately 850,000 barrels of WTI Midland in Houston...
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