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Article 'FCSC Recruitment: Steps to Secure a Position in Nigeria’s Federal Civil Service'- Nigeria News
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Article 'Dangote Refinery Secures 12M Barrels of US Crude to Address Local Supply Gaps'- Nigeria News
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![Today's Naira Rate [31-01-2025]: CBN Interventions Boost Naira as Exchange Rate Improves to N1,493/$](/data/attachments/212/212954-58e780ec025feefde8bfa331a3d70815.jpg?hash=PERHMQHP25)
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NDIC pledges to reimburse Heritage Bank depositors promptly within a week, easing concerns. The assurance comes amid ongoing efforts to restore trust in the banking sector.
The Nigerian Deposit Insurance Corporation (NDIC) has made a significant announcement regarding the reimbursement of...
Nigeria's crude oil production saw a 50 thousand barrel increase in May, according to a Reuters survey. Despite OPEC's production cuts, Nigeria and Iraq boosted output, raising concerns about adherence to quotas.
According to a recent Reuters survey tracking crude oil production in May, Nigeria...
Nigeria
First Bank Successfully Recovers N456 Billion Loan from Heritage Bank Before License Revocation
First Bank of Nigeria successfully recovered a N456 billion loan from Heritage Bank just before the Central Bank of Nigeria revoked Heritage Bank's license. This recovery averted significant financial impairment for First Bank and highlights strategic risk management within the Nigerian banking...
The Central Bank of Nigeria (CBN) has denied rumors of revoking the licenses of three banks, including Heritage Bank. The CBN assured the public of the financial system's stability and highlighted ongoing efforts for bank recapitalization to support economic growth and development.
The Central...
Africa's richest person, Aliko Dangote, discusses challenges with crude supply to Dangote Petroleum Refinery on CNN. While some international oil companies struggle, NNPC provides crucial support. Dangote emphasizes Africa's need to shift from raw material export.
Africa's richest person...
![Today's Naira Rate [04-06-2024]: Naira Struggles, Nears N2,000 Against British Pound and 1,500 Against Dollar](/data/attachments/204/204640-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria
Today's Naira Rate [04-06-2024]: Naira Struggles, Nears N2,000 Against British Pound and 1,500 Against Dollar
The Nigerian Naira struggles, nearing N2,000 per British Pound and 1,500 per US Dollar, amid speculation and economic challenges. Despite $575 million in CBN dollar sales, the Naira remains weak. Global market movements and local economic policies continue to pressure Nigeria's currency...
Heritage Bank's collapse leaves First Bank facing a potential N400 billion loan loss. With 90% of Heritage Bank's loans classified as lost or doubtful, the CBN revoked its license. Depositors face uncertainty as First Bank scrambles to recover the loan, sending shockwaves through the Nigerian...
CBN Governor Cardoso fires 25 of 29 directors in major shakeup, sparking debates on reform and allegations of tribalism.
In a shocking move, the newly appointed Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has fired 25 out of the 29 directors he inherited upon assuming...
Nigeria
Nigerians React to Vanguard's Report of Petrol Landing Cost Surging 46.8% to N1,026.71/Liter
Petrol landing cost in Nigeria soars 46.8% to N1,026.71/liter amid subsidy confusion, sparking outrage over economic hardship.
The landing cost of petrol in Nigeria has skyrocketed by 46.8% year-on-year to N1,026.71 per liter in May 2024, up from N545.83 in the same period last year. This...
Industry leaders assess President Tinubu's first year, praising ICT initiatives but urging more action on costs, infrastructure, and policies to fulfill digital economy vision.
As President Bola Ahmed Tinubu's administration marks one year in office, key players in Nigeria's Information and...
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