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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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Aliko Dangote, Nigeria's renowned industrialist, celebrated his birthday amid a flood of warm wishes from citizens across the nation. Praised as the epitome of patriotism, Dangote's entrepreneurial journey has reshaped Nigeria's investment landscape, particularly in challenging sectors like...
The Dutch arm of KPMG is facing severe repercussions after it was revealed that hundreds of its staff, including senior partners and managers, engaged in cheating on professional exams. According to the US audit regulator, the Public Company Accounting Oversight Board (PCAOB), KPMG's Netherlands...
In a startling revelation, Allen Onyema, the Chairman of Air Peace, has sounded the alarm over what he describes as a clandestine scheme by foreign carriers operating the Nigeria-UK route to drive Air Peace out of international operations through aggressive price-slashing tactics.
Speaking...
The Nigerian Naira exhibited a remarkable appreciation against the United States Dollar on Monday, with significant gains observed in both the parallel market and the official foreign exchange (FX) window.
This currency shift has drawn attention from investors, economists, and policymakers...
Nigeria
Tony Elumelu Responds to Call for Corporate Investment in NPFL Clubs, Discusses Partnership with Sports Ministry
Billionaire banker and philanthropist, Tony Elumelu, has expressed interest in the possibility of acquiring a local club in the Nigeria Professional Football League (NPFL), deeming it "a nice idea."
Elumelu's remarks came in response to a social media user's suggestion advocating for top...
Africa
French Media Giant Canal+ Proposes $2.9 Billion Bid for MultiChoice in Pan-African Broadcasting Move
French media group Vivendi’s Canal+ has announced its intention to acquire all remaining shares of South African broadcaster MultiChoice, marking a significant move in the global media landscape.
The proposed offer, valued at 125 rand per share in cash, represents a premium of 66% over...
Nigeria
CBN Implements Ban on Foreign Currency Collaterals for Naira Loans: Economic Policy Shift Sparks Industry Response
The Central Bank of Nigeria (CBN) has enacted a ban on the utilization of foreign currency as collateral for naira-denominated loans. This directive, articulated in a circular dated April 8, 2024, and disseminated to all banks, aims to address prevailing economic challenges and reshape the...
Emirates Airlines is poised to resume its flights to Nigeria in June this year, as indicated by the federal government. This development comes nearly two years after the airline halted flights to Nigeria due to various issues, including challenges in repatriating funds.
Emirates suspended its...
The Central Bank of Nigeria (CBN) has taken a significant step towards stabilizing the foreign exchange (FX) market by announcing the sale of dollars to bureau de change (BDC) operators at the rate of N1,101 for every $1.
This move, revealed in a recent circular titled ‘Sales of FX to Meet...
Nigeria
Consumer Protection Alert: Lagosians Cheer as State Threatens Closure of Supermarkets Over Price Tag Absence
The Lagos State Government has issued a directive mandating all supermarkets and grocery stores in the state to prominently display price tags on all products or face possible closure.
This move, announced by the Lagos State Consumer Protection Agency (LASCOPA), aims to ensure transparency and...
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