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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
- akeri akpokabowei
The Association of Bureau De Change Operators of Nigeria (ABCON) has revealed that BDC operators are now purchasing dollars at the rate of N980 to a dollar, marking a significant appreciation of the naira. This revelation was disclosed by the President of ABCON, Aminu Gwadebe, during a recent...
In a bid to address growing concerns over Nigeria's foreign reserves and the performance of the Naira, Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), offered insights during the ongoing Spring Meetings of the International Monetary Fund (IMF) and the World Bank.
Cardoso...
![Today's Naira Rate [17-04-2024]: Concerns Rise as Dollar Picks Up Again Against Naira, Now at N1147](/data/attachments/202/202932-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria
Today's Naira Rate [17-04-2024]: Concerns Rise as Dollar Picks Up Again Against Naira, Now at N1147
The current Naira-Dollar exchange rate has sparked mixed reactions among Nigerians. Some express surprise at the apparent stability, while others recall past fluctuations. Amidst the discussion, there's speculation about recent trends, with comments on both upward and downward movements...
The Dangote refinery has announced a significant reduction in the price of automotive gas oil (diesel), dropping it from N1,200 to N1,000 per litre. This move, described as unprecedented by the refinery, follows its recent supply of diesel at a reduced price of N1,200 per litre three weeks ago...
Nigeria
Nigerians' Hopes Dashed as Port Harcourt Refinery Delay Persists, NNPC Announces New Timeline
The Port Harcourt Refining Company Limited (PHRC) remains dormant despite assurances from authorities that it would commence operations approximately two weeks ago. Citizens, anticipating relief from the energy crisis, were disappointed by the delay in the refinery's activation.
Stakeholders...
During the Stanbic IBTC Energy and Infrastructure Breakfast Session in Lagos, Gabriel Ogbechie, CEO of Rainoil Limited, disclosed that the federal government has covertly resumed paying the contentious fuel subsidy.
Ogbechie highlighted the impact of the Naira's devaluation on the foreign...
Nigeria
Naira Rate: Bloomberg Africa Report On Nigeria's Depleting FX Reserves Points to Tougher Ride Ahead
Nigeria's foreign exchange reserves are dwindling at a rapid pace, sparking concerns over the Central Bank's strategy to prop up the naira amidst promises of a more flexible exchange rate.
In a span of just under a month, from March 18 to April 12, liquid reserves plummeted by 5.6%, plummeting...
The Nigerian Civil Aviation Authority (NCAA) has taken decisive action against three private jet operators for their involvement in commercial flights. The suspension of their permits comes in response to heightened scrutiny and warnings from the Minister of Aviation and Aerospace, Festus...
Billionaire entrepreneur Elon Musk has announced that Tesla will be slashing 10% of its global workforce, amounting to approximately 14,000 jobs, as the company faces mounting financial challenges.
The news, revealed through bulk emails sent late Sunday, comes amidst reports of dwindling...
Minister of Finance, Wale Edun, expressed profound concern over the populace's diminishing trust in the nation's currency, the Naira. Edun's remarks, delivered at a recent event in Lagos, underscored a troubling trend where Nigerians are increasingly opting to save in more stable foreign...
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