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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
- akeri akpokabowei
Nigerian government has taken measures to block online platforms, including Binance, OctaFX, Coinbase, and others.
The decision aims to curb what the government perceives as continuous manipulation of the forex market and illicit movement of funds. Reports suggest that the Nigerian...
The Nigerian naira is facing a severe crisis, dropping to N1,900 against the US Dollar in some cities, despite the government's crackdown on forex speculators. The Federal Government raided Bureau De Change (BDC) hubs in Abuja, Lagos, and Kano, leading to arrests of operators.
National Security...
Image Credit: ZhuHaibin
Cardinal Stone Capital has completed a successful exit by selling its stake in i-Fitness, the country's leading fitness and gym chain, to Verod Capital Management. The deal, valued at $12 million, marks a complete exit for Cardinal Stone, which initially invested in...
![[Video] Nigerian Banks and Binance Under Fire, Accused of Economic Criminality](/data/attachments/201/201186-51cbb0048afe3330f97efb789f4188ea.jpg?hash=UcuwBIr-Mz)
Ayo Oyalowo, on Channels TV, asserted that the government should oust "criminals" managing certain banks to address the Naira's decline.
He emphasized restructuring banks before targeting Bureau de Change operators (BDCs), implying that banks, allegedly hoarding dollars, contribute to the...
The Nigerian naira continues its alarming decline, reaching an unprecedented N1,825 against the dollar despite the Economic Financial Crimes Commission's (EFCC) efforts to curb manipulative practices.
The agency's recent raid on Abuja Zone 4 market, where gunfire was employed to halt the...
PZ Cussons Nigeria Plc has announced an extraordinary general meeting scheduled for March 30th in Abuja, addressing concerns over its negative net asset position as of the end of Q2, 2023/2024.
The company's unaudited financial results reveal a staggering after-tax loss of N74.14 billion...
Nigeria
Brewing Woes: Heineken's Nigerian Operations Hit Hardest Downturn in Company's History, CEO Reveals
In an investor call on Monday, Hans Essaadi, CEO of Nigerian Breweries Plc, the Nigerian unit of Heineken NV, delivered grim news, declaring that the company is currently facing its worst downturn in the history of operations in Nigeria. Essaadi attributed the challenges to a significant decline...
The Nigerian Naira plummeted to unprecedented depths on Monday, hitting N1,700 against the US Dollar and N2,100 against the Pound Sterling. These alarming figures mark a historic low for Nigeria's currency, painting a bleak picture of the nation's economic stability, particularly under the...
Nigeria
Nigeria in Crisis: President Tinubu Faces Backlash as Spaghetti Hits N950, Eggs at N300, Sparking Nationwide Strike
Since President Bola Tinubu assumed office on May 29, 2023, a bleak economic landscape has unfolded for Nigerians, with his policies seemingly deepening their financial woes.
The National Bureau of Statistics (NBS) recently reported a staggering 29.90% inflation rate in January 2024, shedding...
Nigeria
BUA Group Chairman Abdul Samad Rabiu Implements 50% Salary Increase for All Staff Amidst Economic Hardship
In a significant departure from conventional norms, Abdul Samad Rabiu, Chairman of BUA Group, has announced a groundbreaking decision to increase salaries by 50% for all staff members. The revelation came through an internal memo signed by Mr. Mohammed Wali, BUA’s Head of Human Resources...
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