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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
- akeri akpokabowei
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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...
Nigeria
Nigerians Shocked by Pinnacle MD's Revelation Contradicting Government's Subsidy Removal Claim
The Managing Director and CEO of Pinnacle Oil and Gas Limited, Mr. Robert Dickerman, has disclosed that despite the supposed deregulation of the petroleum sector, Nigeria continues to pay a substantial monthly subsidy of about N1 trillion for petrol.
Speaking at the Nigeria International...
Nigeria
Business Moral Booster: South African Billionaire Christo Wiese Affirms Nigeria's Potential Despite Recent Exodus"
In an exclusive interview on Bloomberg TV, South African billionaire Christo Wiese voiced optimism about Nigeria's economic future, countering the recent trend of global corporations exiting the country. Wiese, the former chairman of Shoprite Holdings Ltd., Africa's largest grocer, described the...
The Central Bank of Nigeria (CBN) has taken decisive action by revoking the licenses of 4,173 bureau de change (BDC) operators, citing their failure to comply with regulatory provisions. Sidi Ali, CBN's acting director of corporate communications, highlighted that the operators neglected crucial...
In response to the recent directive from the Central Bank of Nigeria (CBN), bank customers across the nation are required to link their National Identification Number (NIN) and Bank Verification Number (BVN) to their accounts. The CBN circular, issued on December 1st, 2023, highlights the...
With the deadline for linking National Identity Numbers (NIN) and Bank Verification Numbers (BVN) fast approaching on March 1, 2024, concerns mount for millions of Nigerians.
Approximately 85.51 million bank customers could face restricted access to their accounts due to challenges in...
Elon Musk has filed a lawsuit against OpenAI and Sam Altman, alleging a breach of contract. Musk claims that Altman and others violated the initial agreement for OpenAI to operate as a non-profit organization.
Airpeace CEO, Allen Ifechukwu Oyema, receives praise for exposing the alleged discriminatory practices of UK aviation authorities towards Nigerian airlines. He claims UK officials prioritize foreign airlines over Nigerian carriers, reflecting a broader issue of unfair treatment in the...
MTN Nigeria Plc has reported a staggering loss before tax of N177.8 billion, leading to the complete wipe-out of shareholders' funds. The telecom giant attributes this unprecedented loss to a massive foreign currency loss of N740 billion, citing operational changes in the Nigerian foreign...
Ahead of schedule, Aba Power Ltd, a subsidiary of Geometric Power, is poised to provide electricity to consumers in the Aba Ring-fenced Area, a move directed by Professor Bart Nnaji, the company's Chairman.
The early power provision comes as Geometric Power commissions its 188 Megawatt thermal...
Mr. Urum Kalu Eke, one of the nominees for the Central Bank of Nigeria (CBN) Board, has declined the prestigious appointment. President Bola Tinubu had submitted Kalu Eke's name and four others for Senate confirmation.
However, Eke chose to skip the Senate Committee's screening process...
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