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Article 'IMF Report: Nigeria's Economic Reforms Under Tinubu Falling Short of Expectations'- Nigeria News
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Article 'Dangote Refinery Eyes 650,000 Barrels Per Day with Billions in Funding'- Nigeria News
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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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Adesola Adeduntan, the managing director and CEO of First Bank of Nigeria Ltd, has announced his resignation, effective April 20, 2024, ahead of the scheduled end of his tenure on December 31, 2024.
In a letter addressed to Tunde Hassan-Odukale, the bank's board chairman, Adeduntan expressed...
Nigeria
Nigerian Bitcoin Fans Respond to JP Morgan CEO's Dismissal of Cryptocurrency as a Ponzi Scheme
Image Credit: Financial Times
Jamie Dimon, CEO of JP Morgan Chase, has reignited the debate on cryptocurrency by labeling Bitcoin as a Ponzi scheme, sparking uproar in the financial and crypto communities. Dimon's criticism stems from his belief that Bitcoin lacks intrinsic value and cannot...
The federal government, represented by Wale Edun, Minister of Finance and Coordinating Minister of the Economy, has declared its commitment to employ strategic measures to address the issue of excessive liquidity in the system, aiming to mitigate inflationary pressures.
Edun made this...
Nigeria
Naira Appreciation, Price Hikes: Analysts Decode Disconnect Between Exchange Rates and Consumer Costs
Despite the recent surge in the Nigerian Naira against major foreign currencies, prices of goods and services continue to soar, defying expectations of a downward trend. While the Naira gained significant ground against the US Dollar, reaching N1,060 per Dollar compared to a peak of N1,900 in...
Africa's wealthiest individual, Aliko Dangote, had set his sights on merging his conglomerate's sugar, salt, and rice businesses into a single entity, aiming to enhance operational efficiency and market consolidation. However, this grand plan has hit a roadblock, casting uncertainty over the...
![Today's Naira Rate [19-04-2024]: Naira Stands Strong at N1,060/$ in Black Market Despite US Economic Uncertainty](/data/attachments/203/203051-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria
Today's Naira Rate [19-04-2024]: Naira Stands Strong at N1,060/$ in Black Market Despite US Economic Uncertainty
Despite a fluctuating economic landscape, the Nigerian naira exhibited resilience against the US dollar in the black market, maintaining its value while experiencing a slight decline in the official market. Late Thursday, the naira strengthened to N1,060 per dollar in the parallel market...
Nigeria
Nigeria Customs Service Adjusts FX Rate for Import Duties to N1,147/$, Reflecting 7.3% Decrease
Amidst efforts to stabilize the Nigerian economy, the Nigeria Customs Service (NCS) has made a significant adjustment in the foreign exchange (FX) rate for duties, setting it at N1,147.02 per dollar.
This marks a notable decrease of 7.3 percent compared to the previous rate of N1,238.1/$...
Nigeria
Palliative Loan Programme: Here's How to Apply for Nigeria's Federal Government Funding Programs for Nano Businesses
The Federal Government of Nigeria, under the auspices of the Federal Ministry of Industry, Trade, and Investment, is introducing two initiatives aimed at mitigating the impact of the fuel subsidy removal: the Presidential Conditional Grant Programme and the Presidential Palliative Loan...
As Africa's economic landscape undergoes a significant shift, Nigeria, once the continent's largest economy, is poised to slip to fourth place this year, according to projections from the International Monetary Fund (IMF). In a surprising turn, Egypt, which briefly held the top position in 2023...
Oil prices surged by nearly 4 percent following reports of Israel launching missile attacks on targets in Iran. International media outlets reported explosions in Isfahan province, central Iran, heightening tensions in the region.
Israel's actions were seen as a response to missile and drone...
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