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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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After Elon Musk's takeover, Twitter has finally paid severance to its former African team based in Accra, according to their lawyer, Carla Olympio. The team faced layoffs, and severance offers were reportedly extended only after CNN brought attention to the situation.
Olympio emphasized the...
In a stark contrast to its 2022 financials, Nigerian Breweries Plc has reported a staggering net loss of N106 billion for the fiscal year 2023, marking an alarming 860 percent increase in losses.
The audited financial results, disclosed by Company Secretary Uaboi Agbebaku, unveil a challenging...
In a tumultuous week for Nigeria's economy, the national currency, the Naira, experienced unprecedented depreciation, closing at N1,537.96 at the official market on Friday. This marks a significant milestone, as the currency surpassed the N1,500 threshold, showcasing the severity of its recent...
In a recent market survey conducted by DAILY POST, the price of a 50-kilogram bag of cement in the Federal Capital Territory has seen an alarming surge, ranging between N10,000 and N15,000.
Various locations such as Gwarimpa, Kubwa, Lugbe, and Dawaki reported Dangote cement priced at N10,000...
Nigeria
Crisis Unfolds: Cement Prices Skyrocket to N9500 in Lagos, Retailers Hit Pause Amid Economic Strain
The price of a 50kg bag of cement has skyrocketed to approximately N9500 in numerous retail outlets across Lagos, intensifying the impact of inflation in Nigeria. Investigations conducted by Nairametrics reveal a sharp increase in prices since January, rising from around N6,000 to over N9000...
Nigeria's Dangote Petroleum Refinery is set to export two fuel cargoes, signaling a significant step for the $20 billion facility commissioned last year. After facing regulatory delays, the refinery is now moving forward with the sale of diesel and aviation fuel, marking a turning point for the...
The Central Bank of Nigeria (CBN) has introduced a pivotal policy shift, instructing authorized dealer banks to discontinue the payout of Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) in cash.
This directive, signed by Dr Hassan Mahmud, the Director of the Trade and...
The Central Bank of Nigeria (CBN) has announced an adjustment in the exchange rate for the clearance of goods, increasing it from N1444.56/$ to N1515.09 against the USD. This marks a noteworthy rise of N70.53 compared to the previous rate, reflecting the CBN's continued efforts to align official...
The Nigerian Naira plummeted to an alarming N1,600 against the US dollar on Thursday, casting a harsh spotlight on the ongoing economic challenges during President Bola Tinubu's tenure. Despite efforts by the Central Bank of Nigeria to mitigate the free fall of the Naira, the currency's downward...
Nigeria's inflation rate surged to 29.90% in January 2024, marking a significant increase from the previous month's 28.92%, as reported by the National Bureau of Statistics (NBS).
The latest inflation report highlights a persistent upward trend, indicating that the inflationary pressures in the...
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